Stock market recap, June 2 -- Selling pressure showed no signs of easing as bears extended their onslaught, cutting off any recovery attempt. Ongoing uncertainty around the West Asia war continues to weigh on sentiment. With the bullish bias punctured again, attention turns to rebuilding conditions for even a modest recovery.

The Sensex closed at 74,267, down 508 points, taking its four-day losses to 2,220 points. The Nifty 50 declined by 165 points, or 0.70%, to settle at 23,383, losing almost 650 points in the last four trading sessions.

SAREGAMA (current market price Rs.459.75)

On 1 June, Indian equity markets opened the new month on a cautious note, with benchmark indices oscillating in choppy trade amid mixed global cues and persi...