Closing Bell 03 June 2025: Nifty Slips Below 24,600; Bank Nifty, Sensex Extend Losses Amid Weak Global Cues
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
The Indian stock market wrapped up the first Monday of June with modest gains, as bulls managed to push the Nifty and Sensex higher into the close. Despite volatility in the financial index, broad-market sentiment remained cautiously optimistic.
The Indian stock market witnessed a broad-based sell-off on Tuesday, June 3, 2025, amid weak global cues and sustained profit booking across key sectors. Benchmark indices closed in the red, with Nifty breaching the crucial 24,600 mark, while Bank Nifty and Sensex also extended their losses.
📉 Market at Close: Major Indices
| Index | Open | Close | Change (Points) | % Change |
|---|---|---|---|---|
| Nifty 50 | 24,786 | 24,542.50 | -243.50 | -0.98% |
| Bank Nifty | 56,104 | 55,599.95 | -504.05 | -0.90% |
| Sensex | 81,492 | 80,737.51 | -754.49 | -0.93% |
| Fin Nifty | 26,620 | 26,254.95 | -365.05 | -1.37% |
🌍 Global Cues Drag Market Lower
The Indian equity market opened on a cautious note, tracking negative global cues. Wall Street closed in the red on Monday after a hotter-than-expected US manufacturing PMI reignited fears of prolonged high interest rates. Asian markets echoed similar concerns, with Nikkei and Hang Seng shedding over 1% each.
The dollar index strengthened above 105, while US 10-year bond yields moved closer to 4.5%, causing further risk-off sentiment. Brent crude held above $81/barrel, adding inflationary concerns for import-heavy economies like India.
🧭 Sectoral Performance on NSE
The selling pressure was broad-based. Here’s how key sectors performed:
🔴 Worst Performing Sectors
- Nifty Financial Services (-1.45%): Dragged by HDFC Bank, Bajaj Finance, and ICICI Bank.
- Nifty Realty (-1.22%): DLF and Godrej Properties saw profit booking.
- Nifty Auto (-1.10%): M&M and Bajaj Auto lost ground amid weaker sales data.
- Nifty Metal (-0.95%): Hindalco and Tata Steel corrected after weak Chinese demand data.
🟢 Resilient Sectors
- Nifty Pharma (+0.30%): Defensive buying was seen in Sun Pharma, Cipla, and Dr. Reddy’s.
- Nifty FMCG (+0.15%): Hindustan Unilever and Nestle held firm amid volatile market.
🔍 Top 5 Active Stocks for Intraday – 03 June 2025
| Stock | Price Movement | Volume Analysis | Intraday Note |
|---|---|---|---|
| HDFC Bank | ↓ 0.39% | High volume | Broke 1,930 support zone, weak momentum |
| Reliance Ind. | ↓ 0.60% | Heavy institutional action | Rejected 1,420 level, signs of supply zone |
| Tata Motors | ↓ 1.09% | Aggressive short buildup | Failed at swing resistance of ₹725 |
| Sun Pharma | ↓ 0.42% | Healthy accumulation | Strong buying interest, likely swing trade |
| Adani Ports | ↓ 2.43% | Spike in delivery volumes | Closed above short-term resistance ₹1,475 |
📊 Technical Outlook: Nifty & Bank Nifty
✅ Nifty 50 Technical View
- Support: 24,400 / 24,250
- Resistance: 24,750 / 24,900
- Indicators: RSI at 48 shows fading momentum; MACD shows early bearish crossover.
- Outlook: Further correction possible if 24,400 is broken; watch global signals.
✅ Bank Nifty Technical View
- Support: 55,200 / 54,950
- Resistance: 56,100 / 56,400
- Indicators: RSI below 50, indicating loss of bullish strength. Price action suggests more downside risk.
- Outlook: Weak structure; only a close above 56,100 could reverse the short-term trend.
🔮 What to Expect Tomorrow?
- Global cues will continue to dominate sentiment, especially ahead of US Fed Chair’s speech and upcoming job data.
- Volatility may rise due to monthly services PMI numbers and FII flows.
- Traders should keep a close watch on levels mentioned and avoid over-leveraging in uncertain times.
📌 Key Takeaways
- Indian stock market closed sharply lower amid negative global cues and selling in financials and autos.
- Defensive sectors like Pharma and FMCG offered some cushion.
- Technical indicators suggest a possible continuation of consolidation to bearish phase if key supports are breached.
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CapitalKeeper’s Takeaway
Today’s market closing suggests cautious optimism among investors. While global cues and FII flows will be closely monitored, sectoral rotation remains active. Traders should focus on technical confirmations and volume participation before entering fresh positions.
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