HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Post Session: Quick Review
Jun-02-2025

Indian equity benchmarks pared initial losses to close flat with negative bias amid weak global cues. Indices made a gap-down opening, as rising tensions between Russia and Ukraine. Additionally, sentiments remained downbeat amid the outflow from foreign institutional investments (FIIs). However, in the final leg of the trading session, markets recovered from their day’s low point, but ended in negative terrain.

Some of the important factors in today’s trade:

India’s manufacturing activity slows down in May: Traders were cautious as India’s manufacturing sector experienced a slight slowdown in May 2025, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) dipping to 57.6 from 58.2 in April. 

Doubling tariff on steel, aluminium by US to impact Indian exporters: Some cautiousness came as think tank GTRI said that US President Donald Trump's announcement to double tariffs on imported steel and aluminium will impact Indian exporters, as it would hurt their profitability. 

India's GDP growth slowed to 7.4% in the March quarter: The government data showed that India’s real GDP growth for the January-March quarter of financial year 2024-25 stood at 7.4%. The growth in Q4FY25 was lower than the 8.4% expansion in the year-ago quarter.   

Global front: European markets were trading in red as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions. Asian markets ended mostly in red amid escalating Russia-Ukraine tensions and disappointing manufacturing data from China, Japan and South Korea for May. 

The BSE Sensex ended at 81373.75, down by 77.26 points or 0.09% after trading in a range of 80654.26 and 81474.26. There were 11 stocks advancing against 19 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.58%, while Small cap index up by 0.36%. (Provisional)

The top gaining sectoral indices on the BSE were Realty up by 2.38%, FMCG up by 0.65%, Utilities up by 0.57%, PSU up by 0.53% and Power up by 0.35%, while Metal down by 0.58%, IT down by 0.57%, TECK down by 0.45%, Consumer Durables down by 0.40% and Basic Materials down by 0.18% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Adani Ports and Special Economic Zone up by 2.14%, Mahindra & Mahindra up by 1.53%, Power Grid Corp up by 1.03%, Hindustan Unilever up by 0.96% and Eternal up by 0.94%. On the flip side, Tech Mahindra down by 1.47%, Tata Steel down by 1.09%, Tata Motors down by 1.06%, Infosys down by 0.71% and HDFC Bank down by 0.69% were the top losers. (Provisional)

Meanwhile, the Gross GST collections has grown 16.4 per cent in May to over Rs 2.01 trillion as compare to Rs 1.72 trillion in May 2024. It has remained above the Rs 2 trillion mark for the second month in a row. Meanwhile, April 2025 recorded the highest Gross Goods and Services Tax (GST) collection of Rs 2.37 trillion. According to government data, the total gross GST revenues stood at Rs 2,01,050 crore in May, 2025. The data showed an uptick of 13.7 per cent in gross revenues from domestic transactions touching Rs 1.50 trillion in May this year. Besides, the GST revenue from imports grew 25.2 per cent to Rs 51,266 crore, during the same period. 

According to the data, Gross Central GST revenues stood at Rs 35,434 crore, State GST revenues at Rs 43,902 crore and Integrated GST at about Rs 1.09 trillion, in the month of May. Meanwhile, revenues from Cess were at Rs 12,879 crore during the same period. The Total refunds issued during the month dipped 4 per cent to Rs 27,210 crore. Further, the Net GST mop-up stood at about Rs 1.74 trillion in May, exhibiting a year-on-year growth of 20.4 per cent.

In April 2025, the Gross GST collection increased 12 per cent to an all-time high of Rs 2.37 lakh crore. According to the government data, the total gross GST revenue was Rs 2.10 lakh crore in April of the current year. The data also showed an uptick of 10.7 per cent in GST revenue from the domestic transactions, reaching to about Rs 1.9 lakh crore. It suggested an increase of 20.8 per cent in revenue from imported goods, to Rs 46,913 crore.

The CNX Nifty ended at 24716.60, down by 34.10 points or 0.14% after trading in a range of 24526.15 and 24754.40. There were 20 stocks advancing against 30 stocks declining on the index. (Provisional)

The top gainers on Nifty were Adani Ports and Special Economic Zone up by 2.46%, Mahindra & Mahindra up by 1.65%, Tata Consumer Products up by 1.27%, Eternal up by 1.21% and Power Grid Corp up by 1.14%. On the flip side, Hero MotoCorp down by 1.79%, Tech Mahindra down by 1.58%, JSW Steel down by 1.48%, HDFC Life Insurance down by 1.31% and Tata Steel down by 1.23% were the top losers. (Provisional) 

European markets were trading lower; France’s CAC fell 49.02 points or 0.63% to 7,702.87, Germany’s DAX lost 149.61 points or 0.62% to 23,847.87 and UK’s FTSE 100 decreased 4.92 points or 0.06% to 8,767.46.

Asian markets settled mostly down in thin trade on Monday amid both mainland China and Malaysian markets were closed for holidays. Market sentiments weakened by renewed Sino-US trade tensions as China accused the US of violating the Geneva trade truce over chip curbs and the Trump administration announced it will double the current tariff rate on steel and aluminum imports from 25% to 50%. Moreover, escalating Russia-Ukraine tensions and disappointing manufacturing data from China, Japan and South Korea also kept traders on edge. Japanese shares fell as a stronger yen weighed on export-related shares such as automakers.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

--

--

--

Hang Seng

23,157.97

-131.80

-0.57

Jakarta Composite

7,065.07

-110.75

-1.57

KLSE Composite

--

--

--

Nikkei 225

37,470.67

-494.43

-1.32

Straits Times

3,890.59

-4.02

-0.10

KOSPI Composite

2,698.97

1.30

0.05

Taiwan Weighted

21,002.71

-344.59

-1.64
  RELATED NEWS >>
Most Viewed >>
May 22 , 2025
27 equity mutual funds offer over 25% CAGR in
May 27 , 2025
RBI easing may spur FPI participation corporat
May 22 , 2025
How are investors being lured into stock marke
May 22 , 2025
Morgan Stanley sees Sensex hitting 89,000 by J
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.