Market Closing with Sensex Ends 77 Points Down, Nifty Closes Below 24,750

Indian Equities Navigate Global Crosscurrents, Close Marginally Lower

Indian equity markets lacked a clear direction on June 2, 2025, with benchmark indices Sensex and Nifty eventually closing slightly lower after recovering huge early losses. The session saw a tug-of-war between robust domestic economic indicators and ongoing global uncertainties, notably re-emerging trade tensions.

At the close, the Sensex closed 77.26 points down at 81,373.75, while the Nifty closed below 24,750 at 24,716.60, lower by 34.11 points.

Strength of GDP Cushions, But Doesn't Give Momentum

The market movement took place in spite of strong macroeconomic news on the home turf. India's GDP growth in the fourth quarter of FY25 saw a healthy 7.4 per cent, adding up to an overall 6.5 per cent FY25 growth . This performance was recorded as surpassing expectations and placing India among the quickest-growing large economies. While such encouraging points of data were considered to be providing a floor against an even sharper collapse, they were not enough to drive the indices to positive levels, underlining the predominance of external factors on short-term sentiment.

Global Tensions Weigh Heavily

One of the main drivers of the market's soft performance was the re-escalation of global trade tensions, especially between the US and China. Rumors of possible US tariffs on imported steel and aluminum were among the forces contributing to weakness in allied sectors such as metal and IT stocks. Investor wariness was also in place prior to key US economic data releases, such as manufacturing PMI and jobs, that might provide insights on the stance of monetary policy by the Federal Reserve. The Russia-Ukraine conflict was also cited as a source of global uncertainty. Weakness was seen in Hong Kong-traded Chinese shares and the offshore yuan during such tariff issues. European shares also opened down on account of fresh US tariff threats.

Sectoral Divergence

In the midst of overall weakness, some sectors showed strength PSU Bank and Realty indices significantly traded in the green, perhaps boosted by hope with regard to future monetary policy moves by the Reserve Bank of India. In contrast, metal and IT stocks witnessed selling pressure, impacting the decline of the indices.The Nifty Metal index led the losses with a 0.70% decline, while the Nifty IT index fell 0.70%. 

In total, the trading day was representative of a market responding to a difficult interplay between positive domestic information and tough global headwinds. The indices' capacity to rebound from deep morning losses demonstrated some inherent strength, but the negative close highlighted the prevailing defensive attitude fueled by global concerns.

Mid-day Updates

Indian shares markets are facing a decline, driven by global trade uncertainty and sector-specific updates.

As of 12.45 pm,  the Sensex was recorded at 81,356.60, showing a marginal decline of 94.41 points or 0.12%.  the Nifty 50 stood at 24,727.65, down by 23.05 points or 0.09%

Metal shares have been hit especially hard, with Jindal Stainless dropping by 4.09%, Vedanta by 3.35%, Hindalco Industries by 2.51%, Jindal Steel and Power by 2.46%, and Hindustan Copper by 1.72%. The reasons for these falls are international tariff issues, including recent American policy statements.

In the insurance industry, Niva Bupa Health Insurance stocks have plunged more than 11% after a massive block deal in which True North, a private equity fund, and CEO Krishnan Ramachandran disposed of about 132 million shares representing a 7.2% stake. The stock was sold at ₹82 per share, which is an 11.1% discount compared to the last close, for a total deal size of about ₹1,082 crore.

In spite of the initial weakness, market sentiment has indicated an improvement. The Sensex has recovered more than 400 points from its day's low of 81,101.31, while the Nifty has recovered above the 24,600 level, reflecting resilience in the face of global uncertainties.

Top 5 Gainers in the Market

• Apollohosp

• Opening Price: ₹ 6944
• Current Market Price (LTP): 6990
• Percentage Change: 1.59

Apollo Hospitals is up today, due to positive market sentiment driven by robust quarterly earnings and optimistic outlook on its expanding healthcare services and digital initiatives.

• Adaniports

• Opening Price: ₹1432.80
• Current Market Price (LTP): 1455.40
• Percentage Change: 1.58

Adani Ports is up today, due to positive investor sentiment supported by its strong market position in port infrastructure and steady volume activity, reflecting confidence in its growth prospects and operational strength.

• M&M 

• Opening Price: ₹2976.80
• Current Market Price (LTP): 3022.50
• Percentage Change: 1.54

Mahindra & Mahindra (M&M) is up today,  driven by strong demand outlook for its electric vehicle lineup and strategic initiatives in sustainable mobility, boosting investor confidence in the company’s future growth potential.

• Eternal

• Opening Price: ₹237.31
• Current Market Price (LTP): 241.88
• Percentage Change: 1.50

Eternal Ltd is up today, supported by steady trading volumes, reflecting growing investor interest amid its consistent profit reporting and recent earnings conference call disclosures. This positive sentiment is driving the stock’s upward movement in the market.

• Tata consum

•   Opening Price: ₹1100
•  Current Market Price (LTP): 1116.90
• Percentage Change: 0.96

Tata Consumer Products is up today, on the back of positive market sentiment fueled by steady institutional buying and optimism around the company’s strong brand portfolio and growth prospects amid a broadly cautious market environment. This has helped the stock outperform despite overall market volatility.

Top 5 Losers in the Market

• Hero Motoco

• Opening Price: ₹4310.10
• Current Market Price (LTP): ₹4202.50
• Percentage Change: -2.48%

Hero MotoCorp is down today, due to concerns over slower-than-expected sales growth and cautious investor sentiment amid broader market volatility affecting the auto sector.

• Bajaj Auto

• Opening Price:₹8621.50
• Current Market Price (LTP): ₹8437
• Percentage Change: -1.98

Bajaj Auto is down today, as the stock reacted negatively to its Q4 FY25 results which, despite showing profit and revenue growth, missed market expectations for double-digit revenue growth, leading to a decline of over 2% in early trade. The relatively subdued domestic motorcycle performance and cautious investor sentiment amid broader market weakness also contributed to the dip.

• JSW Steel

• Opening Price: ₹987
• Current Market Price (LTP): ₹975
• Percentage Change: -1.86

JSW Steel is down today, as concerns over rising input costs and weaker global steel demand weighed on investor sentiment, leading to profit booking in the stock amid broader market caution in the metal sector.

• Titan

• Opening Price: ₹3525.10
• Current Market Price (LTP): ₹3494.70
• Percentage Change: -1.70

Titan is down today, as investors reacted to softer-than-expected quarterly sales and profit figures, raising concerns about near-term demand challenges in the consumer discretionary segment.

• HDFC Life

• Opening Price: ₹771.75
• Current Market Price (LTP): ₹764.85
• Percentage Change: -1.54

HDFC Life is down today, due to a slight revenue contraction reported recently and cautious investor sentiment reflected by a Black Spinning Top candlestick pattern, indicating indecision and potential near-term weakness despite the company's strong fundamentals.

The Indian equity markets opened in the red , with the Sensex falling 601.24 points (0.74%) to 80,849.77 and the Nifty 50 down 169.30 points (0.68%) at 24,581.40. This negative start followed a volatile week where the Nifty remained in a tight range and ended with a slight loss.

Global concerns over trade tariffs, especially potential increases on steel and aluminium imports, weighed on sentiment. However, strong domestic factors like better-than-expected Q4 GDP growth and robust GST collections provided support. Domestic Institutional Investors continued buying aggressively, helping offset foreign selling, while markets await the RBI’s policy decision and further updates on global trade tensions.

As of 10.00AM, the Sensex declined 182.01 points, or 0.22%, to close at 81,451.01, while the Nifty 50 closed 82.90 points, or 0.33%, lower at 24,750.70.

Asia Markets Slip Amid US Tariff Concerns

Asian stocks opened the week mostly lower, weighed down by renewed US-China trade tensions. President Donald Trump accused China of breaching last month’s trade pact and announced a doubling of tariffs on steel and aluminum imports to 50% from June 4. The move spooked regional investors, dragging most markets into the red after a weak close on Wall Street Friday.

Wall Street Ends Mixed After Trade Jitters

US markets closed little changed Friday, recovering from early losses sparked by Trump’s fresh accusations against China over trade. The Dow rose 0.13% to 42,270.07, while the Nasdaq fell 0.32% and the S&P 500 ended flat. Trade concerns kept investors cautious heading into the weekend.

Nikkei Sinks Below 37,450 as Sell-off Deepens

Japanese stocks continued their slide, with the Nikkei 225 falling sharply below the 37,450 level. Broad-based weakness gripped the market, led by tech and heavyweight shares. The decline follows Friday’s choppy Wall Street session and escalating US-China trade tensions.

RBI Monetary Policy Decision

Investors are closely watching the Reserve Bank of India's upcoming monetary policy meeting this week. Expectations of a potential rate cut are influencing market dynamics.

Robust Q1 GDP Growth

India's economy grew 7.4% in Q1 2025, surpassing the forecast of 6.7%. The National Statistics Office (NSO) has pegged India’s GDP growth at 6.5% for FY2024-25, with the economy expanding a strong 7.4% in the March quarter. This marks a sharp rebound and aligns closely with earlier estimates, which had projected growth at 6.4% and 6.5% in the first and second advance estimates, respectively.

However, the streak of upward GDP revisions seen over the past three years may be drawing to a close. Economists suggest that growth is now stabilizing around its pre-pandemic decadal average of 6.6%, indicating a return to the economy’s long-term trajectory.

Crude Oil Prices Rebound on Supply Concerns, OPEC+ Stance

Oil prices climbed in early trade, buoyed by supply concerns and OPEC+ maintaining its production strategy. Brent crude futures rose 1.9% to $63.97 a barrel, while U.S. WTI gained 2.14% to $62.09.

The rally follows OPEC+’s decision to stick with a 411,000 barrels-per-day output hike for July — marking the third consecutive month of steady increases. Tight U.S. fuel inventories and forecasts of an above-average hurricane season are adding to supply-side worries.

Gold, Silver Prices Edge Higher 

Gold and silver prices opened firm on June 2. The MCX Gold Index was trading in the green at ₹95,239 per 10 grams as of 9 AM, according to official exchange data. MCX Silver was quoting at ₹97,189 per kilogram.

Meanwhile, 24-carat gold was priced at ₹96,190 per 10 grams, as per data from the Indian Bullion Association (IBA).

Rupee Opens Steady at ₹85.58/USD Amid Dollar Weakness

The Indian rupee opened flat at around ₹85.58 against the US dollar on Monday, with an intraday trading range projected between ₹85.55 and ₹85.64.

Support for the rupee comes from a weaker greenback, pressured by renewed US tariff tensions and rising fiscal concerns. Analysts expect the currency to trade within a broader range of ₹85.50 to ₹85.70 in the near term.

Stocks in Focus:

Vodafone Idea posted a Q4 FY25 net loss of ₹7,166 crore, narrowing 6.62% YoY but rising 8.42% QoQ due to reduced expenses.

Nykaa (FSN E-Commerce) reported a 193% YoY jump in net profit to ₹20.28 crore, with revenue rising 23.6% to ₹2,062 crore.

AstraZeneca Pharma saw a 48% YoY rise in net profit to ₹58.25 crore and recommended a ₹32/share dividend.

Apollo Hospitals reported a 54% YoY increase in Q4 FY25 profit to ₹389.6 crore, with a modest 4.65% QoQ rise.

Brightcom Group tripled its profit to ₹120.68 crore on revenue growth to ₹987.48 crore in Q4 FY25.

Genus Power posted a 406.5% surge in Q4 profit to ₹123.3 crore, with revenue up 123% to ₹936.8 crore.

Titagarh Rail reported an 18.4% YoY drop in profit to ₹64.5 crore and a 4.5% revenue decline to ₹1,005.6 crore.

Coffee Day Enterprises narrowed its Q4 loss to ₹114.16 crore from ₹296.4 crore YoY.

Puravankara widened its Q4 FY25 loss to ₹88 crore as revenue fell 40.4% YoY.

Adani Energy Solutions approved a ₹4,300 crore stake sale and won a ₹1,660 crore transmission project in Maharashtra.

Mahindra & Mahindra saw a 17% YoY increase in May sales, with utility vehicle sales up 21% and tractor sales up 10%.

IRCON International received a ₹1,068.34 crore EPC order from East Central Railway for bridge construction.

Infosys BPM launched AI invoice agents via Infosys Topaz.

Cipla received one USFDA Form 483 observation at its Bommasandra plant.

Indian Oil Corp finalized pricing for India’s largest green hydrogen unit at Panipat, set for December 2027 launch.

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