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POST MARKET
Indian equity indices ended on a flat note, as Nifty and Sensex slipped back into the red, ending marginally lower after a brief recovery, as selling pressure resurfaced in the final stretch.
At close, the Sensex was down 77.26 points or 0.09 percent at 81,373.75, and the Nifty was down 34.10 points or 0.14 percent at 24,716.60. About 2065 shares advanced, 1903 shares declined, and 159 shares remained unchanged.
Adani Ports, M&M, Eternal, Tata Consumer, Power Grid Corp were among major gainers on the Nifty, while losers included Hero MotoCorp, Tech Mahindra, JSW Steel, HDFC Life, and Tata Steel.
Among sectors, PSU Bank and Realty gained 2 percent each, while Consumer Durables, IT, and Metal indices were down 0.5 percent each.
Broader indices outperformed the main benchmarks, with the BSE midcap index 0.6 percent higher, and the smallcap index gaining 0.4 percent.
STOCKS TODAY
YES Bank
Shares of YES Bank increased by over 8 percent. This happened after the lender announced that its Board of Directors will meet on Tuesday, June 3, 2025, to consider a proposal for raising capital through the issuance of equity shares, debt securities, or other eligible financial instruments.
Mphasis
The multinational information technology services company’s shares tanked over 2.5 percent after a news report cited that the company has lost its business arrangement with FedEx, one of its oldest and longest-standing clients, who contribute over 8 percent of its total revenue.
JSW Steel
This steel share sank nearly 2 percent after U.S. President Donald Trump announced that tariffs on imported steel would double to 50 percent from the previous 25 percent, beginning June 4, 2025, onwards. Along with JSW Steel, Tata Steel, and SAIL have also seen a decrease, as a result of this, Nifty Metal decreased 0.7 percent.
Tata Motors
The Indian automotive company’s shares slipped 1.1 percent to Rs 711.55 on June 2 after the company’s vehicle sales went down 8.6 percent year-on-year in May 2025, as weakness in the domestic market weighed on overall performance. The automaker sold 70,187 vehicles across domestic and international markets last month, compared to 76,766 units in May 2024.
Reliance Power
The company’s share price extended its gain for the third consecutive session on Monday, surging nearly 6%. The stock closed at Rs 61.56 per share. Reliance NU Energies, a Reliance subsidiary, has secured a project from SJVN Ltd to develop a 350 MW ISTS-connected solar plant with a 175 MW/700 MWh battery storage system.
Source – Money Control
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