Indian shares held near the 23,400 level on June 4 as traders waited for the RBI’s June 5 policy decision, with broader markets ending firm and smaller stocks outperforming.

Indian shares ended firm on June 4, with the Nifty holding above the 23,400 mark as investors stayed cautious ahead of the Reserve Bank of India’s policy decision due on June 5.

Broader markets also finished on a stronger note, with mid- and small-cap stocks outperforming during the session. The trading tone reflected a wait-and-watch mood as markets looked to the RBI’s next move on rates and guidance.

Official RBI pages show the policy repo rate at 5.25% and confirm that the June 2026 Monetary Policy Committee meeting was already scheduled. That made the day’s market action a pre-decision positioning move rather than a reaction to an unexpected policy shift.

The close leaves investors focused on whether the central bank keeps policy unchanged or signals a change in stance after the meeting. Any commentary from the RBI on inflation, liquidity or growth will likely shape the next direction for equities.

Revision note

Initial automated publication.