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Date: 02-jun-2025 | By: Nuztrend Team
India's benchmark indices showed signs of resilience on Monday, June 2, 2025, despite starting on a sluggish note. The Nifty 50 index rebounded from its intraday lows to hover around the 24,700 mark, while the BSE Sensex remained mostly flat, reflecting cautious investor sentiment amid global economic uncertainties.
The broader market's cautious mood came amid weak cues from Asian peers, impacted by lingering concerns over potential U.S. trade tariffs and a slowdown in Chinese manufacturing activity. However, select domestic sectors bucked the trend and provided support to the indices.
Real estate stocks were among the standout performers of the day. The Nifty Realty index surged over 2%, fueled by renewed investor interest in housing and commercial real estate segments. Strong pre-sales numbers reported by leading developers and optimistic guidance for FY2025 supported the rally.
Public sector banks also saw strong buying interest. The Nifty PSU Bank index jumped nearly 2.5%, led by gains in stocks such as Bank of Baroda, Canara Bank, and Union Bank of India. Analysts attribute the rally to improving asset quality and positive commentary from recent quarterly earnings.
Multiple factors influenced today’s market direction:
With the Reserve Bank of India’s policy announcement just days away, the market is likely to remain range-bound in the near term. Experts suggest that sectors such as banking, infrastructure, and real estate could remain in focus as the central bank outlines its economic roadmap for the next quarter.
Investors are advised to adopt a stock-specific approach and watch for cues from both domestic policy and international developments.
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