Post-Market Update: Market Closing today (June 03, 2025)

Nifty Extends Losses for Third Straight Day; Sensex Down 650 Points, Nifty Slips Below 20-DMA

On June 3, Indian equity benchmarks closed lower, marking the third consecutive session of losses. The indices slipped into the red from the day's open and extended previous losses. 

At the closing bell, the Nifty 50 ended down by 174.10 points or 0.70%, at 24,542.50. The Nifty 50 index ended below its important short-term moving average of 20-DMA for the first time after April 15.  The Sensex dropped by 636.24 points or 0.78% to 80,737.51.

The possible reasons for the market fall could be many factors, as Foreign Institutional Investors (FIIs) have been selling equities over the last two trading sessions. Brent crude rose 3.27% to $65 a barrel in the last three trading sessions, raising concerns for oil-import-reliant India. Rising geopolitical tensions and renewed US-China trade issues. 

Investors are watching U.S. jobs data, the ECB rate decision, and the RBI’s MPC outcome on June 6. Meanwhile, the OECD lowered India’s GDP forecast for FY26 to 6.3%, expecting further RBI rate cuts by end-2025.

On Tuesday, Realty stocks witnessed a rally with a 1.2% sectoral gain. The Nifty Media index advanced by 0.54%, aided by stock-specific gains. Only 2 out of 13 key sectoral indices registered gains. 

A mixed action was seen in the broader markets with the Nifty Mid-cap closed negative, while the Nifty Small-cap index closed in positive territory.

Stock-Specific Highlights

Among individual stocks,

• Adani Group stocks saw a decline of more than 2% following reports of U.S. investigations linked to alleged imports of Iranian LPG. 
• Yes Bank witnessed a sharp drop of over 10% after the bank denied a report stating, “Sumitomo Mitsui Banking Corporation to seek RBI approval for licence to operate wholly owned arm – move seen as part of a plan to acquire controlling stake in Yes Bank.”
• Ola Electric also faced pressure, with its shares falling over 5% after a 3.2% stake changed hands in a block deal, as per reports. 

Nifty Realty - Top Gainer of the Day

The Nifty Realty index surged by 1.2% on Thursday. Sobha jumped over 5.51%, leading gains among Realty stocks and lifting the Nifty Realty index.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Mahindra & Mahindra: +5.36 points
• Grasim: +2.88 points
• Bajaj Auto: +1.75 points

On the other hand, these stocks weighed on the index:

• ICICI bank: -23.80 points
• TCS: -12.55 points
• L&T: -11.42 points

Broader Markets Mixed

The broader market indices ended mixed, with the Mid-cap 100 index declining by 0.45% and the Small-cap 100 index advancing by 0.1%, while two out of 13 major sectoral indices ended in the positive territory.

Market Breadth

As of June 3, 2025, the Indian stock market witnessed negative market breadth. Out of 2,999 stocks traded on the NSE, 1,224 advanced, 1,696 declined, and 79 remained unchanged. 

A total of 60 stocks touched their 52-week highs, while 25 hit their 52-week lows. Additionally, 103 stocks were locked in their upper circuits, whereas 71 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.