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Sensex Today Tanks 703 Points | Nifty Below 24,600 | MMTC Dow 6%
Mon, 2 Jun 10:30 am

Sensex Today Tanks 703 Points | Nifty Below 24,600 | MMTC Dow 6%Image source: coffeekai/www.istockphoto.com

Asian shares market started the week cautiously due to uncertainty over US trade policies, and awaited key US job data and a potential European interest rate cut.

US shares dropped on Friday, after the US President Donal Trump accused China of breaking tariff agreement, escalating trade war tensions.

Here's a table showing how US stocks performed on Friday:

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet172.85-0.11-0.06%173.44168.53208.7142.66
Apple200.850.90.45%201.96196.78260.09169.21
Meta647.492.440.38%649.41632.78740.89442.65
Tesla346.46-11.97-3.34%363.68345.29488.54167.42
Netflix1207.2322.371.89%1211.811180.931215.91588.43
Amazon205.01-0.69-0.34%205.99201.7242.52151.61
Microsoft460.361.680.37%461.68455.54468.35344.79
Dow Jones42270.0754.340.13%42376.0841906.1645073.6336611.78
Nasdaq21340.99-22.96-0.11%21386.2921032.5622222.6116542.2
Source: Equitymaster

At present, the BSE Sensex is trading 703 points lower and NSE Nifty is trading 181 points lower.

Adani Ports, M&M, HUL among the top gainers today.

Tech Mahindra, HDFC Bank, HCL Tech on other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE Midcap index trading 0.3% higher and the BSE Smallcap index are trading 0.2% higher.

Sectoral indices are trading mixed today with stocks in IT sector and metal sector witness selling pressure. Meanwhile stocks in power sector and realty sector witnessing buying

The rupee is trading at Rs 85.4 against the US dollar.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of stock markets, Mitali Dhoke is a Sr. Research Analyst at Equitymaster, in her latest video delves into the Top 5 Defence Mutual Funds in India for 2025.

In this video, she explores each fund's historical performance, sector outlook, and portfolio strength, offering insights into how they are positioned within the evolving defence ecosystem.

Investors can discover which funds hold stronger potential for delivering substantial returns in the years ahead.

Adani Energy Secures Project & Raise Fund

Adani Energy Solution on Friday announced that it has secured a Rs 160 billion (bn) transmission project in Maharashtra.

The project involves 300 Mega Volt Amperes (MVA) substation capacity and related infrastructure, increasing its network to 26,969 circuit kilometres (ckm) and transformation capacity to 93.236 MVA.

This project will support renewable energy by evacuating green power from Maharashtra's Raigad region.

The project will enable transmission of 1.5 GW of green power from hydro pumped storage project in Raigad, supporting Mumbai and surrounding areas, with completion expected by January 2028.

Adani Energy Solution acquired WRNES Talegaon Power Transmission Ltd, which will execute the Rs 160 bn transmission project, for Rs 10 per share.

Also, Adani Energy Solution plans to raise fund of Rs 430 bn through a Qualified Institutional Placement (QIP) by selling shares to institutional investors.

The company are rebuilding investors confidence after facing challenges, having recently secured significant funding deal, including Rs 63.8 bn for an acquisition backing from BlackRock and a 12.8 bn loan from DBS group for their port units.

Adani Energy Solution founded in 2015, focuses on generating renewable energy, like solar and power, through its various subsidiaries.

Adani Energy Solution Share Price Chart (Rs) - 6 month

Mahindra & Mahindra Reports Strong May 2025 Sales

Mahindra & Mahindra (M&M) reported strong sales growth, with 84,110 vehicles sold in May 2025, representing 17% year-over-year increase, including domestic sales and exports.

Utility vehicles sales rose 21% to 52,341 units domestically, and 54,819 units overall, including exports. Commercial Vehicle domestic sales stood at 21,392 units.

Mahindra's CEO said that they achieved strong sales growth in May, with SUV sales up 21% to 52,431 units and total vehicle sales up to 17% due to high demand for their products.

M&M reported a significant increase in exports, with 3,652 units shipped in May 2025, representing a 37% growth compared to 2,671 units exported in May 2024.

M&M is a highly diversified Indian company, with presence in multiple sectors including vehicles, financial services, auto components and more, founded in 1945 by Ghulam Mohammad and the Mahindra Brothers.

Indian Oil Launches Major Hydrogen Project

Indian Oil Corporation has finalized the cost for setting up a green hydrogen unit at Panipat refinery in Haryana, aiming to produce 10,000 tonnes of clean hydrogen per year.

Indian Oil Corp is stepping into green hydrogen production with its largest ever project in India, marking a significant move towards clean energy.

The green hydrogen project is set to start by December 2027 and will help to reduce carbon emission by replacing fossil with clean hydrogen in refinery operations.

Hydrogen is a fuel with many users from powering vehicles to industrial processes. Green Hydrogen, produced using renewable is a clean fuel that only produces water what burned, making it a promising energy source.

The Panipat green hydrogen project will aligns with India's National Green Hydrogen Mission and is a key step in India Oil Corp plan to reduce carbon emission and achieve net-zero goals, promoting a sustainable energy future.

Indian Oil Corporation is a government-controlled company that operates across the entire oil and gas value chain, including refining, transportation, marketing and more, and is a leader in India's oil refining and petroleum marketing sector.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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