NEWS UPDATE 3 JULY 2025
📉 Market Performance
- Nifty 50 declined by ~0.70% to close at 24,542.50, and Sensex dropped around 0.78% to 80,737.51, marking a third straight day of losses groww.inmarketwatch.com+65paisa.com+6groww.in+6.
- The drop was driven by continued weakness in the financials and IT sectors, with private banks down ~0.7% and IT falling ~0.4% reuters.com.
🔍 Sector & Stock Movers
- Adani Enterprises and Adani Ports declined ~1.9% and ~2.4% respectively, following reports of a potential U.S. probe into LPG imports reuters.com+15paisa.com+1.
- Among bright spots, Grasim (+1.1%), Shriram Finance (+0.9%), and M&M (+0.7%) ended positive reuters.com+105paisa.com+10groww.in+10.
- Banking names like State Bank of India (−0.45%) and ICICI Bank (−0.90%) underperformed, with elevated trading volumes marketwatch.com+1marketwatch.com+1.
📊 Market Breadth & Technicals
- Small-cap (+0.5%) and mid-cap (+0.1%) indices outperformed, showcasing underlying domestic strength moneycontrol.com+3reuters.com+3reuters.com+3.
- Technical patterns suggest increasing weakness: Nifty closed below its 20-day SMA (~24,700), forming a bearish candlestick. Analysts are watching key support at 24,450–24,550, with immediate resistance near 24,600–24,700 marketwatch.com+9livemint.com+9moneycontrol.com+9.
🌐 Global & Sentiment Drivers
- The global backdrop—U.S.–China trade tension, geopolitical pressures, and FPI outflows—added pressure on the market economictimes.indiatimes.com+3reuters.com+3groww.in+3.
- Despite this, domestic sentiment was bolstered by expectations of an RBI rate cut and resilient macro fundamentals (strong monsoon, GDP growth) livemint.com+1economictimes.indiatimes.com+1.
📝 Summary
Markets faced a pullback on June 3, led by heavy losses in financials, IT, and Adani stocks—driven by global trade concerns and regulatory noise. Yet, mid- and small-cap stocks held up better, indicating pockets of resilience. Traders are fixated on technical thresholds: 24,450–24,550 support, and resistance near 24,600–24,700, while awaiting triggers like RBI’s policy decision, global trade news, and confirmation of outflows/inflows.
