Market Close Highlights: Sensex swings 1,200 pts, ends 636 pts down; Nifty below 24,550; banks drag

Sensex Today | Stock Market Highlights on Tuesday, June 3, 2025: The Nifty Private Bank index dropped over 1 per cent, followed by the Nifty PSU Bank index (down 0.59 per cent)

3:57 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: 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. Technically, very short-term support is placed at 24,500. A fall below this level may trigger an increase in short positions, potentially leading to a swift decline towards 24,000. On the other hand, if the Nifty holds above 24,500, it could see a recovery towards the 24,700–24,750 zone in the near term.

View by Rupak De, senior technical analyst, LKP Securities. 

3:51 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Markets edged lower in a volatile trading session, losing over half a percent amid weak cues. After an initial uptick, the Nifty oscillated sharply in early trade; however, a sharp decline below the short-term moving average (20 DEMA) in the latter half of the session kept the tone negative. Eventually, it closed near the day’s low at the 24,539 level. On the sectoral front, most key sectors ended in the red, with energy, financials, and IT among the top losers. The broader indices showed a mixed trend — the smallcap index closed almost flat, while the midcap index lost nearly half a percent.

 

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. Notably, the Nifty has decisively breached its short-term support zone (20 DEMA) for the first time in nearly one and a half months, which may lead to further downside toward the 24,200–24,400 zone. However, the relatively stronger performance in the banking space could help limit the pace of decline. We recommend maintaining caution in stock selection and trade management in the current environment.

View by Ajit Mishra – SVP, research, Religare Broking Ltd.

3:38 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap closed down 0.52 per cent and 0.07 per cent respectively.

3:36 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Except M&M, all constituents on Sensex ended in red. 

3:34 PM

Stock Market LIVE Updates: Nifty settles at 24,543, down 174 pts

Stock Market LIVE Updates: NSE Nifty50 was down 174.1 points or 0.7 per cent at 24,542.5.

 

3:32 PM

Stock Market LIVE Updates: Sensex closed at 80,737.51, down 636 pts

Stock Market LIVE Updates: BSE Sensex was down 636.24 points or 0.78 per cent at 80,737.51.

 

3:23 PM

Stock Market LIVE: Trump tariffs to shrink US economic growth to 1.6%, global to 2.9%: OECD

Stock Market LIVE: Amid rising trade tensions triggered by Donald Trump's tariff hikes, the Organisation for Economic Co-operation and Development (OECD) on Tuesday projected that US economic growth will slow to 1.6 per cent in 2025 - down from 2.8 per cent the previous year.

The Paris-headquartered organisation also indicated that the growth will further worsen to 1.5 per cent in 2026. READ MORE

3:13 PM

Stock Market LIVE: Rising costs, competition to dent margins for construction firms in FY26

Stock Market LIVE: Emerging diversified construction companies' revenues in FY26 are estimated to grow by 9–11 per cent - slower, compared with a 15 per cent compounded annual growth rate reported in the five financial years till 2025, according to a report by Crisil.

The moderated growth is backed by growing order books and the timely execution of projects, supporting their credentials. However, limited ability to pass on the impact of sharp commodity price fluctuations and stronger competition will limit the operating margins to 10–11 per cent, the report said. READ MORE

3:02 PM

Stock Market LIVE: MOIL achieves best May production; stock down 1%

Stock Market LIVE: Setting the tone for a promising FY'26, MOIL has begun the year with its highest-ever May performance, reflecting strong operational momentum, the company said in a BSE filing.

The company recorded 1.71 lakh tonnes of manganese ore production in May 2025, registering an impressive 18 per cent growth over the corresponding period last year (CPLY). This marks the highest-ever production for the month of May and the fourth-highest monthly production since inception, the release red.

Meanwhile, the stock was down 1.4 per cent on the BSE at ₹363.

2:53 PM

Stock Market LIVE: Markets stuck between rich valuation, tepid growth; SMIDs at risk: Report

Stock Market LIVE: The consolidation in the Indian stock markets may continue for the next few months as rich valuations, weak domestic consumption and investment, along with global uncertainty cap any meaningful upside, believe analysts at Kotak Institutional Equities.

In a report titled 'Indian Markets: All dressed up and nowhere to go’', Sanjeev Prasad of Kotak IE pointed out that the stock market (primarily the benchmark indices) is ignoring risks from a sluggish domestic outlook and a challenged global macroenvironment underscored by a likely low growth and possibly high inflation. READ MORE

2:41 PM

Stock Market LIVE: TCS, Virgin Atlantic expand partnership; stock down 1%

Stock Market LIVE: TCS, in an exchange filing, today said it has expanded its two-decade-long strategic partnership with Virgin Atlantic, to accelerate its digital transformation journey.

Under this renewed seven-year agreement, the two organizations will deepen their collaboration to strengthen the technological foundations of Virgin Atlantic, enable modern airline retailing, deliver greater operational resilience, and enhance customer experience.

The stock was trading 1 per cent lower at ₹3,416 on the BSE.

2:30 PM

Stock Market LIVE: FACT zooms 17% on heavy volume

Stock Market LIVE: Fertilizers and Chemicals Travancore (FACT) stock zoomed nearly 17 per cent to ₹1,038 on the BSE backed by heavy volume. The counter saw trades of around 6.64 lakh shares as against the 2-week average volume of around 31,000 shares on the BSE.

 

2:17 PM

Stock Market LIVE: Quess Corp announces launch of Origint; stock up 0.5%

Stock Market LIVE: Quess Corp in an exchange filing today announced a strategic business line capitalising on the surging Global Capability Center (GCC) ecosystem with the launch of Origint - Powered by Quess.

This is an end-to-end service-line to help global enterprises set up, scale, and operate high-performing capability centers across India and key international markets, the BSE release stated.

The stock was trading 0.5 per cent higher at ₹315 in an otherwise weak market.

2:06 PM

Stock Market LIVE: Here's why Waaree Renewable share is buzzing in trade today

Stock Market LIVE: Waaree Renewable Technologies shares were in demand on Tuesday, with the scrip rising up over 4 per cent to ₹1,068 after the company said it secured a Letter of Award (LOA) worth approximately ₹346.33 crore from a renewable generation company, for the execution of Engineering, Procurement and Construction (EPC) works. READ MORE

1:54 PM

Stock Market LIVE: Market breadth in favour of bears

Stock Market LIVE: More that 2,150 stocks declined on the BSE as against 1,749 advancing shares in intra-day deals on Tuesday.