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The Hindu
4 hours ago
- Business
- The Hindu
Markets extend losses for 3rd session amid broad-based selloff; Sensex and Nifty tumbled
Equity benchmark indices Sensex and Nifty tumbled nearly 1% on Tuesday (June 3, 2025) weighed down by a widespread selloff amid foreign fund outflows and growing geopolitical uncertainties. Domestic markets stayed on the back foot for the third straight session as investors offloaded energy, finance and IT stocks, traders said. In a volatile trading session, the 30-share BSE index tanked 636.24 points or 0.78% to settle at 80,737.51. During the day, it dropped 798.66 points or 0.98% to 80,575.09. The NSE Nifty plunged 174.10 points or 0.70% to 24,542.50. As many as 2,266 stocks declined, while 1,731 advanced and 147 remained unchanged on the BSE. "The domestic market remained in negative terrain amid mixed global cues, geopolitical issues and a volatile currency market led by a weak USD. Profit-booking is evident across sectors, except for real estate stocks, supported by expectations of an interest rate cut by the RBI. "Mid and small-cap stocks are experiencing relatively less consolidation than large caps due to better earnings growth & moderation in premium valuation. While short-term consolidation is likely to persist, strong domestic-oriented players are estimated to provide outperformance against external volatility," Vinod Nair, Head of Research, Geojit Investments Limited, said. From the Sensex firms, Adani Ports declined 2.42%. Bajaj Finserv, Bajaj Finance, Power Grid, Eternal, IndusInd Bank, Maruti, Tata Consultancy Services and UltraTech Cement were among the biggest laggards. Mahindra & Mahindra emerged as the only gainer in the pack. Adani Group's 11 listed companies ended lower. Adani Group on Monday said it does not handle any cargo coming from Iran or any Iranian-owned ship at any of its ports, as it denied any deliberate engagement in sanctions evasion. In a stock exchange filing, the group said reports of links between any of its entities and Iranian LPG are "baseless and mischievous". The BSE midcap gauge declined 0.52%, while the smallcap index dipped 0.07%. Among sectoral indices, power dropped 1.50%, utilities (1.42%), bankex (0.89%), energy (0.88%), capital goods (0.87%), financial services (0.80%) and teck (0.68%). On the other hand, commodities and realty were the gainers. "The Nifty has extended its consolidation phase for yet another day, showing no urgency in establishing a clear directional trend. It appears that investors are awaiting a decisive commentary following the RBI's interest rate decision," Rupak De, Senior Technical Analyst at LKP Securities, said. Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,589.47 crore on Monday, according to exchange data. "The ongoing foreign fund outflows, coupled with weak global cues such as geopolitical tensions and uncertainty over trade deals, are adding pressure to the markets," Ajit Mishra – SVP, Research, Religare Broking Ltd, said. In Asian markets, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in positive territory, while Japan's Nikkei 225 index ended lower. South Korean markets were closed. European markets were trading lower. US markets ended higher on Monday. Global oil benchmark Brent crude climbed 0.28% to $64.81 a barrel. After tumbling 796.75 points or 0.97% to 80,654.26 in intra-day trade on Monday, the 30-share BSE Sensex witnessed volatile trends and later ended 77.26 points or 0.09% lower at 81,373.75. The Nifty dipped 34.10 points or 0.14% to settle at 24,716.60.
India Today
8 hours ago
- Business
- India Today
Sensex down 150 points, Nifty below 24,700; Adani Ports falls 3%
Benchmark stock market indices opened lower on Tuesday, as they continued their consolidation phase without any fresh triggers, as investors remained cautious over global S&P BSE Sensex was down by 226.44 points to 81,147.31, while the NSE Nifty50 fell by 45.05 points to 24,671.55 as of 9:29 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that with a lot of uncertainty in geopolitics, tariffs and trade, the market will continue to remain "Therefore, investors may persist with the strategy of buying on dips. During a consolidation phase, where the market moves within a range, buy on dips is the ideal strategy. And this strategy is working well now," he surged 0.89%, while Mahindra & Mahindra rose with gains of 0.61%. Tata Steel also opened positively, climbing 0.47%, followed by IndusInd Bank, which rose 0.37%. Tata Motors rounded out the top five gainers with an increase of 0.26%.Adani Ports and Special Economic Zone was the worst performer, plunging 1.52% right after the opening bell. Larsen & Toubro also faced heavy selling, declining 1.35%, while Bajaj Finance retreated 1.31%. Hindustan Unilever opened lower by 1.01%, and Bharti Airtel completed the list of top five losers with a drop of 0.99%.Nifty Midcap100 opened marginally lower by 0.01%, while Nifty Smallcap showed resilience with gains of 0.40%. The India VIX rose 0.72%, suggesting some nervousness in the market at the start of sectors managed to open in positive territory, with Nifty Realty leading the gainers at 0.65%, followed by Nifty PSU Bank which climbed 0.62%. Nifty Metal also posted solid gains of 0.44%, while Nifty Pharma advanced 0.33% and Nifty Media rose 0.21%. Nifty Auto and Nifty Oil & Gas showed modest gains of 0.10% and 0.02% the other hand, several key sectors faced early selling pressure. Nifty Private Bank was the worst performer, declining 0.73%, while Nifty IT fell 0.40% and Nifty Consumer Durables dropped 0.34%. Nifty Healthcare retreated 0.30%, while Nifty FMCG edged lower by 0.16% and Nifty Financial Services declined 0.14%.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
Time of India
11 hours ago
- Business
- Time of India
Stock market today: Nifty50 gives up early gains; BSE Sensex down over 300 points
Market experts anticipate continued consolidation amidst unfavourable global indicators. (AI image) Stock market today: Nifty50 and BSE Sensex , the Indian equity benchmark indices, were volatile in opening trade on Tuesday. While Nifty50 went below 24,650, BSE Sensex was near 81,000. At 9:35 AM, Nifty50 was trading at 24,644.90, down 72 points or 0.29%. BSE Sensex was at 81,045.85, down 328 points or 0.40%. Market experts anticipate continued consolidation amidst unfavourable global indicators, though robust domestic economic factors and possible RBI interest rate reductions might provide support. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, 'During a consolidation phase, where the market moves within a range, buy on dips is the ideal strategy. And this strategy is working well now. With a lot of uncertainty in geopolitics, tariffs and trade the market will continue to remain volatile. Therefore, investors may persist with the strategy of buying on dips. 'The concern in the market now is the high valuation, particularly in the broader market. But the trends in money flows into the market and the healthy trend of retail investors persisting with their investment for longer periods, indicate that Indian equities will remain at higher valuations for an extended period of time. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Promoções imperdíveis de voos baratos Voos | Anúncios de Pesquisa Saiba Mais Undo Since the MPC is expected to cut policy rate by 25 bp in the policy meet on 8th, rate sensitives are likely to be favoured in the coming days. " The S&P 500 finished positively on Monday, with investors remaining hopeful about trade negotiations between the US and its partners, despite President Donald Trump's announcement to increase tariffs on steel and aluminium imports. Asian markets displayed a mixed opening on Tuesday, following US gains driven by technology sector recovery. Oil prices increased during early Asian trading on Tuesday, influenced by supply concerns as Iran prepares to decline US nuclear agreement proposals, whilst Canadian production faces disruption from wildfires. Gold prices reached a near four-week peak on Tuesday, benefiting from dollar weakness and increased uncertainty surrounding US-China trade relations. Foreign portfolio investors recorded net sales of Rs 2,589 crore on Monday, whilst domestic institutional investors showed net purchases of Rs 5314 crore. FII net short positions in futures trading increased from Rs 83,684 crore on Friday to Rs 89,066 crore on Monday. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
a day ago
- Business
- India Today
Sensex closes 77 points lower, Nifty below 24,700; Adani Ports gains 2%
Benchmark stock market indices rebounded after falling sharply in early trade to close marginally lower on S&P BSE Sensex was down by 77.26 points to close at 81,373.75, while the NSE Nifty50 lost 34.10 points to end at 24, Nair, Head of Research, Geojit Investments Limited, said that the domestic market continued its consolidation phase for the third consecutive week, influenced by renewed concerns over a potential tariff war and escalating geopolitical tensions between Russia and "While global uncertainties have led investors to adopt a risk-averse approach, the Indian market has demonstrated resilience, underpinned by robust institutional inflows and selective sectoral strength like FMCG, real estate, and financial stocks," he Ports and Special Economic Zone led the pack with a gain of 2.51%, followed by Mahindra & Mahindra which climbed 1.58%. PowerGrid Corporation of India also showed positive momentum, gaining 1.07%, while Eternal posted gains of 1.07%. Hindustan Unilever rounded out the top five gainers with an increase of 0.96%.Tech Mahindra was the worst performer, declining 1.47%, while Tata Steel also struggled with a drop of 1.21%. Tata Motors faced headwinds, falling 1.12%, and Titan Company Limited retreated 0.80%. HDFC Bank completed the list of top five losers, shedding 0.60% by the closing domestic macro indicators include a potential RBI rate cut, a better monsoon, Q4 GDP data and better GST collection. Under the current market landscape, investors are adopting a cautious short-term strategy, with a focus on domestically oriented and interest-sensitive sectors," said Nair. Nifty Midcap100 saw modest gains of 0.62%, while Nifty Smallcap outperformed with a rise of 1.19%. The India VIX, which measures market volatility, surged by 6.71%. Among the sectoral gainers, Nifty PSU Bank led the charge with an impressive rally of 2.15%, followed by Nifty Realty which climbed 2.31%. Other sectors that ended in positive territory included Nifty FMCG up 0.81%, Nifty Metal gaining 0.70%, Nifty Private Bank rising 0.34%, Nifty Media advancing 0.32%, Nifty Healthcare posting gains of 0.12%, and Nifty Auto edging higher by 0.01%.However, several sectors faced selling pressure during the session. Nifty IT was the worst performer, declining 0.70%, while Nifty Consumer Durables fell 0.48%. Nifty Pharma retreated 0.22%, Nifty Oil & Gas dropped 0.21%, and Nifty Financial Services closed marginally lower by 0.11%.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Time of India
a day ago
- Business
- Time of India
Stock market today: Nifty50 goes below 24,600; BSE Sensex tanks over 500 points
Market experts anticipate continued positive momentum through June. (AI image) Stock market today: Nifty50 and BSE Sensex , the Indian equity benchmark indices, opened in red on Monday. While Nifty50 went below 24,600, BSE Sensex tanked over 500 points. At 9:16 AM, Nifty50 was trading at 24,587.10, down 164 points or 0.66%. BSE Sensex was at 80,879.49, down 572 points or 0.70%. Market experts anticipate continued positive momentum through June, supported by robust Q4 GDP data, potential RBI rate reductions and steady institutional capital flows. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, 'The market structure favours continuation of the ongoing consolidation phase. There are global headwinds like renewed tariff concerns that will restrain a breakout rally. At the same time there are domestic tailwinds that will support the market at lower levels. President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets. On the domestic front the tailwinds are getting stronger with the latest Q4 GDP growth data coming at 7.4%, which is much better-than-expected.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo 'Trends in consumption expenditure and capital expenditure are promising. This along with low inflation and the expected continuation of the rate cutting policy provide the perfect setting for sustained economic growth in FY26. The only challenge is the tepid earnings growth. If leading indicators suggest a recovery in earnings growth there is a high probability of the market breaking out of the present range and moving higher. " Asian markets declined alongside US stock-index futures amidst escalating trade concerns, with investors showing reluctance towards risk assets. Safe-haven demand boosted gold prices. The S&P 500 finished Friday's volatile trading session nearly unchanged as U.S. President Donald Trump criticised China before expressing optimism about a trade deal. The index recorded its largest monthly gain since November 2023. Oil prices gained more than $1 per barrel on Monday following OPEC+'s decision to raise July production by an amount identical to the previous two months, meeting market predictions. Foreign portfolio investors sold shares worth Rs 6,450 crore net on Friday. Domestic institutional investors were net purchasers at Rs 9,096 crore. FIIs' futures market position increased to a net short of Rs 83,684 crore on Friday from Rs 77,963 crore on Thursday. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
