📉 Markets Tumble for 3rd Day; Realty Stands Tall Amid Sector-Wide Selloff

📰Daily Market Wrap-Up by Stock Whisperers-03 June 2025

Author

thestock whisperers
June 03, 2025

03-June-2025

📈 Market Overview:

Summary of the Day's Market Performance

Market Overview

  • The Sensex dropped 636.24 points (-0.78%) to close at 80,737.51, marking a third consecutive decline.

  • The Nifty fell 174.10 points (-0.70%) to 24,542.50, slipping below 24,550.

  • Midcap index shed 0.5%, while Smallcap index ended flat, showing relative resilience.

  • Realty rose 1%, while Bank, Capital Goods, Consumer Durables, IT, Oil & Gas, Power, Private Bank, and PSU Bank indices fell 0.5-1%.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): Sold ₹2,853.83 crore

  • Domestic Institutional Investors (DII): Bought ₹5,907.97 crore

Strong DII buying cushioned the market, despite continued FII outflows.

📊📑 Important Observations and Market Sentiments: Editor Special

  • Markets remained in the red for the third straight session, driven by mixed global cues, geopolitical tensions (Russia-Ukraine), and a volatile currency market with a weak USD. Profit booking was evident across most sectors, except Realty, which gained on expectations of an RBI rate cut.

  • Midcaps and Smallcaps showed less consolidation than large caps, supported by better earnings growth and moderating premium valuations. While short-term consolidation may persist, domestically oriented players are expected to outperform amid external volatility.

  • Domestic macros remain supportive with a 7.2% Q4 GDP growth, better monsoon, and strong GST collections—focus on RBI’s upcoming policy for rate cut cues.

❓ DO YOU KNOW?

The USD weakened to a 3-month low against the INR at 83.45 today, driven by expectations of a dovish Fed policy, boosting FII interest in emerging markets despite outflows.

📰Stock News:

Key Stock Movements and News

  • Top Gainers: Grasim Industries, Shriram Finance, M&M, Bajaj Auto, and Cipla

  • Top Losers: Adani Ports, Bajaj Finserv, Adani Enterprises, Coal India, and Power Grid

  • Yes Bank cracked 10% after 9 crore shares (3% equity) changed hands; reports suggest a PE firm was the seller.

  • Adani Group stocks fell, with Adani Enterprises hit by a US Justice Department probe into potential Iranian LPG imports via Mundra port.

  • Man Industries gained interest as its board approved raising up to ₹500 crore, boosting infrastructure sentiment.

  • Jio Financial Services dipped due to profit-taking, despite SEBI approval for its mutual fund venture with BlackRock.

  • Ola Electric fell 8% after 14.2 crore shares (3.2% equity) were traded; Hyundai India was the likely seller.

  • Swiggy was in focus as Morgan Stanley initiated coverage, projecting a 21% upside.

  • Indian Hotels rose as Mirae Asset Sharekhan’s ‘Buy’ pick, driven by strong hospitality demand and Q4 results.

Your Weekly Stock Markets Rundown: 🌀 Markets in a Holding Pattern: All Eyes on RBI, Trade Talks & Global Turmoil

June 2-6, 2025

The week of June 2-6, 2025, will be shaped by the RBI’s policy decision, India-US trade talks, and global trade developments. With Sensex and Nifty expected to trade within 81,000–82,500 and 24,700–25,100, respectively, investors remain cautiously optimistic, supported by India’s 7.4% Q4 FY25 GDP growth and FII inflows. However, US tariff concerns and bond yields may limit gains, driving mid-week volatility. Banking, infrastructure, and renewable energy sectors offer opportunities, while a stock-specific approach is advised to navigate the uncertainty.

👀Stocks to Focus:

  • Grasim Industries: Outperformance amid downturn to monitor.

  • Adani Enterprises: US probe impact to watch.

  • Yes Bank: Stake sale fallout to observe.

📝Summary:

Indian markets fell 0.7%, with Nifty below 24,550, marking a third straight decline amid profit booking, geopolitical tensions, and a weak USD. Reality gained on RBI rate cut hopes, while Midcaps/Smallcaps showed resilience. DII buying supported sentiment—expect consolidation, focus on domestic sectors!

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Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.