Indian markets in red on negative global cues

Indian markets are in red today. At 11:40 a.m. Indian standard time, 2^nd June, 2025 Nifty 50 is down by 113 points or 0.46%. Sensex is down by 406 points or 0.50%. Top gainers at Nifty 50 today are Eternal , Adani Ports and M&M. Top losers today at Nifty 50 are Hero Motors, Bajaj-Auto and JSW Steel.

Asian markets in red

Indian markets today are down largely due to negative cues from global markets. Other Asian markets are heavily in red today. This due to the adverse shock of President Trump imposing 50% tariff on steel imports into USA.

Oil prices jump as geopolitical risk increases

Another shock that has roiled the markets today is Ukraine launching a severe attack against Russia yesterday. More than 40 Russian fighter planes were destroyed in this attack. The attack has significantly increased geopolitical risks. Russia is now expected to go for a proportionate response. This has caused oil prices to jump on the expectation that  oil supply from Russia may get disrupted.

Among sectoral indices, Nifty 100 index is the top loser at this time. It is down by 0.42%. Some large cap stocks are seeing selling pressure today. Nifty smallcap 50 index is the top gainer today; it is up by 1.09% at this time. Among sectoral indices, Nifty Metal index is the top loser today. It is down by 1.14%. Nifty PSU bank index is the top gainer at this time; it is up by 1.95%.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE