Finance
Stock Market Close Highlights Today, June 2, 2025: The domestic stock markets mounted a smart rebound today, finishing slightly lower on Monday. The BSE Sensex index closed at 81,374 points, down 77 points or 0.09 percent, after recovering 719 points from the day’s low of 80,654. The NSE Nifty50, however, closed at 24,717, down 34 points or 0.14 per cent. This index, too, was well off the day’s low of 24,526.
Market sentiment was negative in the early hours of the morning after US President Donald Trump announced new tariffs on steel imports. Higher tariffs of 50%, compared to 25% previously, are likely to be applied beginning June 4.
In addition, increasing tensions between Russia and Ukraine, India’s soaring Covid-19 caseload, volatility in FII flows, and uncertainty about the Reserve Bank of India’s (RBI) monetary policy outcome all weighed on mood.
Investing in Adani Ports, M&M, Eternal (Zomato), PowerGrid, HUL, Bajaj Finserv, ITC, ICICI Bank, Asian Paints, and Nestle India helped the benchmarks recover their losses. These stocks were up between 0.4% and 2%.
Meanwhile, in the broader markets, the Nifty MidCap and Nifty SmallCap indices erased all gains, finishing 0.62 percent and 1.1% higher, respectively.
The Nifty IT and Nifty Metal indices were the biggest losers on the NSE, falling 0.7% each amid Trump’s tariff threat. The Nifty Realty and Nifty PSU Bank indices rose more than 2% each.
Source: BS
