FEATURE STORY

It was a night dotted with chilling certainty. Royal Challengers Bengaluru translated their domination from Day 1 of this IPL into a second successive title, and Virat Kohli anchored that five-wicket romp over Gujarat Titans with a patented chase masterclass of unbeaten 75 here on Sunday.

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Indian equity benchmarks resumed their downward spiral on Tuesday, June 2, 2026, as severe global geopolitical shocks completely erased the previous session’s value-buying recovery. The BSE Sensex shed 303.67 points to finish at 74,346.17—after collapsing by a staggering 929 points during intraday liquidation—while the NSE Nifty 50 slid 77.95 points to settle at 23,405.60. The mid-morning panic on Dalal Street was ignited by U.S. Secretary of State Marco Rubio, who testified before the Senate Foreign Relations Committee that Iran has mined extensive commercial sectors of the vital Strait of Hormuz shipping lane, effectively conditioning any sanctions relief on a verified sweeping de-mining operation. While frontline banking and energy heavyweights bore the brunt of the geopolitical flight, the broader market showed resilient underlying grit. Downside risks were significantly cushioned by the domestic corporate sector, featuring a high-profile 1.5% promoter block deal in Alkem Laboratories at ₹5,200 per share backed by top domestic mutual funds, and stellar macroeconomic support as the HSBC India Services PMI climbed to a robust six-month high of 59.8 for May.

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