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