Nifty 50 remains above 24,700 despite global jitters, with PSU banks and realty stocks leading gains
India’s stock markets showed resilience on June 2, 2025, as the Nifty 50 managed to hold above 24,700, despite global jitters and geopolitical concerns. The Sensex remained flat, closing at 81,373.75, while PSU banks and realty stocks emerged as the top gainers. Investors closely monitored global trade developments, including U.S. tariff hikes and European interest rate cuts, which influenced market sentiment.
Table of Contents
Market Performance Overview
The Nifty 50 ended the session at 24,716.60, down 34.10 points (0.14%), while the Sensex slipped 77.26 points (0.09%). Despite early losses, the indices recovered in the second half, supported by buying in FMCG, PSU banks, and realty stocks.
Among sectoral indices:
- PSU Bank and Realty gained 2% each.
- Consumer Durables, IT, and Metal declined 0.5% each.
- Nifty Bank traded near record-high levels.
Key Stock Movements
Major gainers included:
- Adani Ports (+2.99%)
- Mahindra & Mahindra (+1.75%)
- Tata Consumer Products (+1.44%)
Top losers were:
- Hero MotoCorp (-1.96%)
- Tech Mahindra (-1.63%)
- JSW Steel (-1.39%)
Global Factors Influencing Markets
The global market sentiment remained cautious due to:
- U.S. President Donald Trump’s tariff hike on steel and aluminium imports to 50%, effective June 4.
- European markets awaiting interest rate cuts, impacting investor confidence.
- India’s GDP growth reaching 7.4% in Q4 FY25, signaling economic resilience.
Conclusion
Despite global uncertainties, India’s stock markets held firm, with PSU banks and realty stocks driving gains. Investors remain cautious yet optimistic, watching global trade policies and economic indicators for future market direction.
Also read – Indian Stock Market & Gold Price Update: Sensex, BSE SmallCap, Nifty Trends & Citywise Gold Rates