NEWS UPDATE 2 JUNE 2025

🇮🇳 Indian Market Highlights

• Benchmarks slightly down:
  • Nifty 50 closed at 24,716.60 (−0.14%)
  • BSE Sensex ended at 81,373.75 (−0.09%) moneycontrol.com+15reuters.com+155paisa.com+15
    Markets started the day with sharp losses but recovered mid-session before closing in negative territory timesofindia.indiatimes.com+25paisa.com+2timesofindia.indiatimes.com+2.
• Sectoral performance:
  • IT and metals led the declines (~−0.7%), reflecting global trade tensions reuters.com+1economictimes.indiatimes.com+1.
  • Realty and PSU banks outperformed (+2–2.3%) while consumer goods gained ~0.8% moneycontrol.com.
• Top stocks:
  • Gainers: Adani Ports, M&M, Power Grid, Indian Bank (new highs) livemint.com+4business-standard.com+4moneycontrol.com+4.
  • Losers: Tech Mahindra, Tata Steel, Tata Motors, HDFC Life business-standard.com+1moneycontrol.com+1.
• Volatility drivers:
  • Renewed U.S.–China tariff threats (steel/aluminum hike) weighed on markets en.wikipedia.org+9reuters.com+9investopedia.com+9.
  • Domestic growth was strong (India GDP at 7.4% for Q4), but global trade worries subdued sentiment reuters.com.
  • Investors are cautious ahead of RBI’s scheduled June 6 rate decision livemint.com+3reuters.com+3timesofindia.indiatimes.com+3.

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🌍 Global Market Snapshot

• U.S. markets closed mixed but mostly positive:
  • S&P 500 modest gains, Nasdaq +0.7%, Dow flat reuters.com+1investopedia.com+1.
  • Trade tensions between U.S. and China, as well as rising dollar, were key themes .
• Global cues:
  • Metals and IT stocks under pressure due to tariff uncertainty reuters.com+1economictimes.indiatimes.com+1.
  • ECB is likely to cut rates, and markets await crucial PMI & payroll data spglobal.com.

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📊 Trading Setup & Technical Outlook

• Key technical range for Nifty:
  • Support: ~24,650
  • Resistance: ~25,000 reuters.com+15livemint.com+15moneycontrol.com+15
    Expect sideways movement between these levels until fresh triggers emerge.
• FII/DII activity:
  • FIIs were net sellers (₹6,449 cr), DIIs bought (₹9,095 cr) epaper.indiatimes.com+155paisa.com+15business-standard.com+15.

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🔮 Summary

Markets showed resilience despite global headwinds—starting low, recovering, and closing slightly down. The session was marked by sector rotations: while metals/IT lagged, defensive segments like realty and PSU banks led.

Focus ahead:

• Watch for RBI’s June 6 policy decision, U.S. trade tensions, and global economic data (PMIs, payrolls).
• Traders should monitor 24,650–25,000 as the primary trading corridor for Nifty.