Market Closing Updates, 4th June, 2025: Sensex Ends 261 Points Higher, Nifty Closes Above 24,600

Indian benchmark stock market indices, Sensex and Nifty, ended Wednesday's trading session significantly higher, led by a tide of optimism from overseas markets and expectations of a possible trade breakthrough between US and China. The Sensex closed at 80,998.25 points, up by 260.74 points. The Nifty 50 settled at 24,620.20 points, gaining 77.70 points

Market Performance and Key Movers

The advance-decline ratio of the market heavily favoured buyers during the day, with 19 of the 30 Sensex stocks closing in the positive. Among Sensex constituents, Bharti Airtel, Eicher Motors, IndusInd Bank, Maruti, Tata Motors, and Bajaj Finance stood at the forefront. On the other hand, key losers were Tata Consultancy Services, UltraTech Cement, Titan, and ICICI Bank.

Despite the day's performance, foreign institutional investors (FIIs) continued their selling run for the third straight session on June 3, selling equities worth ₹2,853.83 crore. This was reflected in a wider insider selling in May, with promoters selling shares worth ₹43,400 crore even while the Nifty went up 12%.

Market Responses

Vedanta Ltd announced proposals to mobilize up to ₹5,000 crore via privately placed non-convertible debentures (NCDs) as it goes ahead with a demerger plan.

Bharat Electronics Ltd (BEL) bagged new defence and technology orders worth ₹537 crore.

Yes Bank revealed board approval to raise up to ₹16,000 crore through a mix of equity and debt issues in FY26.

Flipkart divested its entire 6% holding .

Vodafone Idea shares increased by 2.22% even after Ericsson sold its remaining 0.6 % holding for ₹428 crore.

Tata Technologies stocks declined on reports that private equity player TPG was looking to sell a 2.1% holding, a deal valued at approximately ₹634 crore.

Sun Pharma Advanced Research (SPARC) stocks tumbled 20% as a lead psoriasis drug failed Phase 2 trials and was subsequently dropped.

Garden Reach Shipbuilders and Engineers (GRSE) rose 6.90% following the signing of Memorandum of Understanding (MoU) for indigenous building of India's first-ever Polar Research Vessel.

Railway stocks such as Ircon, RVNL, and RailTel saw up to 12% jumps buoyed by new order wins.

Hyundai completely exited Ola Electric, and Kia cut its stake in a ₹689 crore share sale, as Ola Electric faced challenges.

Adani Enterprises' airport business raised a considerable $750 million funding from a group of foreign banks.

 IPOs and Market Outlook

The day also witnessed uneven performances from recently listed companies. Neptune Petrochemicals made its debut with an 8.8% listing premium on the NSE, while Scoda Tubes and  NR Vandana Textile listed at par with issue prices. The IPO of Ganga Bath Fittings opened for subscription with the goal of raising ₹32.65 crore.

Global Cues and Currency Movements

Across the world, markets followed a largely upbeat trend. Japan's Topix went up 0.5%, Hong Kong's Hang Seng increased 0.7%, and European equities rose 0.3%. Australia's shares closed in the green, as disappointing GDP data boosted expectations of a rate cut in July. In contrast, the Indian Rupee depreciated, falling by 19 paise to 85.80 against the US dollar. Oil prices fell slightly due to concerns of increasing OPEC+ supply and unresolved trade tensions. The US dollar slipped as investors waited for crucial employment figures and watched unfolding tariff talks. Gold prices held steady, weighing US-China trade tension against more resilient-than-expected US employment data.=

Current Market Update

• The Sensex is trading at 80,897.38 points, up by 159.88 points.

• The Nifty 50 is trading at 24,593.45 points, up by 50.95 points .

The market is gaining momentum driven by strong positive global cues, including overnight gains in U.S. and Asian markets, which have boosted investor confidence. Domestically, optimism is supported by expectations of a rate cut by the Reserve Bank of India later this week and robust macroeconomic fundamentals, alongside steady mutual fund inflows and growing participation from retail investors. However, cautiousness persists due to ongoing global uncertainties and recent profit-booking by promoters, keeping the market in a consolidation phase within the 24,000 to 25,000 Nifty range.

Top 5 Gainers in the Market

• Bharti Airtel

• Opening Price: ₹1855.00
• Current Market Price (LTP): 1872.50
• Percentage Change:1.69

Bharti Airtel gained today due to strong quarterly earnings that exceeded market expectations, coupled with optimistic guidance on subscriber growth and network expansion, driving positive investor sentiment.

• Eternal

• Opening Price: ₹237.10
• Current Market Price (LTP):241.60 
• Percentage Change:1.64

Eternal gained today as investors reacted positively to the company’s recent strategic partnership announcement, boosting confidence in its future growth prospects and driving the stock higher.

•  Shriram Finance 

• Opening Price: ₹649.95
• Current Market Price (LTP): 657.75
• Percentage Change:1.47

Shriram Finance surged today following upbeat quarterly results and optimistic guidance on loan growth, which boosted investor confidence and led to increased buying activity.

• Indusindbk 

• Opening Price: ₹807.80
• Current Market Price (LTP):812.40
• Percentage Change: 1.44

IndusInd Bank is up today , supported by renewed investor confidence as the bank showed signs of stabilizing after addressing past accounting irregularities. Positive sentiment is also driven by expectations of improved loan growth and asset quality in the upcoming quarters, helping lift the stock despite recent challenges

• Tata Motors

•   Opening Price: ₹701.80
•  Current Market Price (LTP):707.50 
• Percentage Change:1.38

Tata Motors is up today, snapping a three-day decline as Nomura sees nearly 14% upside potential despite challenges faced by its JLR subsidiary, boosting investor optimism. The stock also benefits from trading ex-dividend, adding to positive market sentiment.

Top 5 Losers in the Market

• JSW Steel

• Opening Price: ₹973
• Current Market Price (LTP): ₹964.65
• Percentage Change: -0.94

JSW Steel is down today  mainly due to concerns over the U.S. doubling tariffs on steel imports to 50%, which threatens Indian steel exporters like JSW Steel by potentially reducing their competitiveness and impacting demand. This tariff hike has led to sector-wide declines in metal stocks, weighing on JSW Steel’s share price.

• Titan

• Opening Price:₹3506.10
• Current Market Price (LTP): ₹3498.80
• Percentage Change: -0.60

Titan is down today on 4th June 2025 due to a recent bearish crossover in its 20-day moving average, which historically signals a downward trend, combined with a notable decline in quarterly revenue—the lowest in three years, leading to cautious investor sentiment.

•  Axis Bank 

• Opening Price: ₹1181.80
• Current Market Price (LTP): ₹1174.50
• Percentage Change: -0.59

Axis Bank is down today due to cautious investor sentiment following concerns over slower loan growth and rising non-performing assets. Additionally, profit-taking after recent gains and uncertainty around upcoming regulatory changes have contributed to the decline in the stock price.

• Sun Pharma 

• Opening Price: ₹1656
• Current Market Price (LTP): ₹1657.60
• Percentage Change: -0.59

Sun Pharma Advanced Research shares fell sharply today because its partner, Sun Pharmaceutical Industries, announced that the Phase 2 clinical trials for their key drug candidate Vibozilimod (SCD-044) failed to meet the primary endpoints for treating psoriasis and atopic dermatitis, leading to the discontinuation of further development of the drug. This setback on a major pipeline asset caused significant investor concern and a steep decline in the stock price.

• NTPC 

• Opening Price: ₹329
• Current Market Price (LTP): ₹326.40
• Percentage Change: -0.56

NTPC is down today  due to a slight decline in trading price amid a challenging market environment, with the stock falling below its previous close and reflecting cautious investor sentiment despite its relatively lower price-to-earnings ratio compared to the industry average. This mild drop is part of a broader correction in power sector stocks.

Mid-day Updates

Indian markets opened cautiously positive, supported by buying in autos, pharma, and PSU banks amid optimism over the Reserve Bank of India’s upcoming policy meeting, where a rate cut is widely expected. Global cues remain upbeat, but concerns over trade tensions and continued foreign institutional selling are keeping sentiment guarded. In this context.

As of 10.00am, the Nifty 50 was trading slightly higher at 24,578.45, up 0.14%, while the Sensex stood at 80,845.65, gaining 0.13%.

Global Cues

US stock markets showed cautious optimism with gains on June 3, 2025, driven primarily by strong performances in the technology sector, especially chipmakers like Nvidia, Broadcom, and Micron Technology. The S&P 500 rose by 0.58% to close at 5,970.37, the Dow Jones Industrial Average gained 214.16 points (0.51%) ending at 42,519.64, and the Nasdaq Composite advanced 0.81% to 19,398.96. Nvidia led the rally with nearly a 3% gain, surpassing Microsoft in market capitalization for the first time since January 2025

Asian markets opened higher, boosted by strong US tech gains, especially from chipmakers like Nvidia. South Korea’s Kospi surged 1.85% to a 10-month high after opposition leader Lee Jae-myung’s presidential win. Japan’s Nikkei and Australia’s ASX200 also rose ahead of key economic data.

Commodity Watch

Gold prices in India for various qualities 24 Karat Gold (999 purity) : ₹9,902 per gram. 22 Karat Gold (91.6% purity) : ₹9,078 per gram.gold prices in Bangalore with an emphasis on 18 carat, 22 carat, and 24 carat gold. Current as of the most recent data: 24 carat Gold: Purest type, 24 carat gold in Bangalore costs approximately ₹ 98,865 of 10 gram.

Crude oil futures traded at $60.79 a barrel. Brent crude oil futures traded at $62.78 a barrel. These are values indicating a slight dip in the oil market with WTI decreasing 0.25% and Brent decreasing 0.90%

US Dollar is 85.66 Indian Rupees. Today's predicted low - high USD to INR forecast rates is INR 85.58 - 85.6663. respectively. USD to INR rate changed from yesterday is +0.09%.

Stocks in Focus

Tata Technologies TPG will exit partially in a strategic block deal selling a 2.1% stake at a floor price of ₹744.5 apiece for ₹634 crore.

Zinka Logistics (BlackBuck) Institutional investors picked up stakes in BlackBuck as Peak XV Partners cut its stake, signaling a change in the investor mix of the logistics company.

Ola Electric Hyundai and Kia have completely withdrawn from Ola Electric, offloading their holdings at a total cost of ₹690 crore via block deals, drastically changing the ownership pattern.

Aditya Birla Fashion (ABFRL) Flipkart can offload its entire 6% shareholding in ABFRL for a ₹600 crore block deal, indicating a strategic rebalancing of its investment portfolio.

HDFC Bank / HDB Financial Services  cleared the IPO launching of HDB Financial Services, setting the stage for a public issue of HDFC Bank's critical subsidiary.

Yes Bank  board has okayed raising ₹7,500 crore through equity and ₹8,500 crore through debt in FY26 to strengthen its capital base.

Wipro  inked a multi-year agreement with Entrust to provide scalable, AI-powered tech services, with a focus to enable digital growth.

Sun Pharmaceutical  experimental SCD-044 drug did not hit major targets in mid-stage trials, impacting its R&D momentum.

Zydus Lifescience  American arm spent $16 million to purchase more than 2.1 million Agenus Inc. shares to increase its presence in biopharma.

Hyundai Motor  added a panoramic sunroof and Dual Tone Color choice to the Alcazar SUV to improve its market appeal.

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