
FundedVix
June 3, 2025 at 02:03 PM
📉 Sensex and Nifty Decline: The Sensex fell by 636 points to close at 80,737.51, while the Nifty dropped 174 points, ending at 24,542.50. This marks the third consecutive day of losses, driven by global trade tensions and investor caution ahead of the RBI policy decision.
🏦 Bajaj Twins Slide: Shares of Bajaj Finance and Bajaj Finserv declined by over 2% each, contributing significantly to the market's downturn.
🏗️ Texmaco Rail Secures Order: Texmaco Rail received a ₹122 crore order from Western Railway for traction transformers and related works, to be completed within 30 months.
🏢 RITES Emerges as Lowest Bidder: RITES Ltd became the lowest bidder for a ₹28.5 crore project from Gujarat Urban Development Company, focusing on infrastructure development.
📉 Yes Bank Shares Plummet: Yes Bank's stock dropped over 10% to an intraday low of ₹21.05 following reports of a 3% equity change through block deals.
🏠 Realty Stocks Outperform: Despite the broader market decline, real estate stocks showed resilience, with the Nifty Realty index posting gains amid the downturn.
📈 India VIX Declines: The India VIX, a measure of market volatility, decreased by over 4%, indicating reduced market anxiety despite the day's losses.
💼 Nifty PSU Bank Stocks Under Pressure: Public sector bank stocks traded with cuts, reflecting investor concerns over the sector's performance amid economic uncertainties.
🌐 Global Market Concerns: Weak global cues, including escalating trade tensions and rising U.S. debt levels, contributed to the negative sentiment in Indian markets.
📊 Market Breadth Negative: Out of all traded stocks, 1,701 advanced, 2,148 declined, and 134 remained unchanged, indicating a bearish market breadth.
