Synopsis : Indian markets opened the week on a cautious note as global tariff tensions and domestic consolidation weighed heavy. Sensex plunged over 600 points and Nifty broke below 24,600, with metals and IT leading the decline.
Market Recap: June Kicks Off with a Slide
India's equity benchmarks started the new week—and new month—on shaky ground. On Monday, the Sensex fell over 660 points to 80,790, while the Nifty dropped below 24,600, marking a muted start to June amid global tariff tensions and profit booking.
Key Market Highlights:
Sensex: Opened at 81,165.34, down 0.35%
Nifty: Opened at 24,621.45, down 0.52%
Nifty Bank: Down 0.47%
Nifty Auto: Down 0.62%
The steepest declines were seen in IT and metal stocks, while FMCG, realty, and PSU banks offered minor relief, gaining between 0.4% and 1.5%.
Global Pressure: Tariffs Cloud Outlook
Markets reeled under the pressure of renewed tariff threats, particularly after U.S. President Donald Trump announced 50% tariffs on steel and aluminium imports, starting Wednesday. This announcement added to global uncertainty and rattled investor sentiment.
In Asia, the reaction was mixed:
Nikkei 225: -0.89%
Topix: -0.65%
Kospi: +0.16%
ASX 200: Flat
Expert Insight
“The market structure favours continued consolidation. While global headwinds like tariffs curb breakout rallies, domestic growth, robust consumption, and low inflation support long-term optimism,”
— Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments
India’s Q4 GDP growth at 7.4% and easing inflation offer hope, but global trade tensions may limit near-term gains.
Top Gainers (Sensex-30):
Hindustan Unilever
Nestle India
Adani Ports
PowerGrid
Top Laggards:
Tata Steel
HCL Tech
Tata Motors
Tech Mahindra
Reliance Industries
Gold Holds Ground Near Record Highs
Despite the market turmoil, gold prices remain stable:
24-carat: ₹95,940 per 10g
22-carat: ₹87,945 per 10g
18-carat: ₹71,955 per 10g
Gold dipped 0.49% weekly, but investors continue to treat it as a safe-haven.
🇺🇸 Wall Street Futures Mixed
S&P 500 futures: -0.4%
Nasdaq-100 futures: -0.4%
Dow Jones futures: +54 pts (+0.13%)
U.S. investors are also navigating early-June uncertainty, with markets cautious ahead of economic data and Fed cues.
Disclaimer : This article is for informational purposes only. Market investments are subject to risks. Please consult a certified financial advisor before making any investment decisions.
