Domestic indices trade in red in late morning deals

Indian equity markets were trading in red in late morning deals on account of selling in Bajaj Finserv, Adani Ports, Bajaj Finance, NTPC and Larsen & Toubro. Traders were cautious amid rising geopolitical and trade tensions. Rising crude oil prices also weighed on the domestic sentiments. Prices rose on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer, and with production in Canada hit by wildfires. Besides, cautiousness also prevailed in the markets as India reported five deaths due to Covid-19 in the last 24 hours, with active caseload rising to 4,026 as of Tuesday, June 3, up from 3,961 reported the previous day. This marks an increase of 65 new cases within a 24-hour span.

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Back home, on the BSE sectoral front, traders were seen pilling up positions in Basic Materials, Metal, Realty and Healthcare, while selling was witnessed in Power, Utilities, Bankex, Capital Goods and TECK.

The BSE Sensex is currently trading at 80993.47, down by 380.28 points or 0.47% after trading in a range of 80843.92 and 81774.23. There were 4 stocks advancing against 26 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index was down by 0.11%, while Small cap index up by 0.35%.

The top gaining sectoral indices on the BSE were Basic Materials up by 0.67%, Metal up by 0.37%, Realty up by 0.34% and Healthcare up by 0.01%, while Power down by 0.88%, Utilities down by 0.84%, Bankex down by 0.59%, Capital Goods down by 0.57% and TECK down by 0.45% were the losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 0.35%, HDFC Bank up by 0.29%, Mahindra & Mahindra up by 0.18% and Tata Steel up by 0.09%. On the flip side, Bajaj Finserv down by 2.17%, Adani Ports down by 1.71%, Bajaj Finance down by 1.31%, NTPC down by 1.28% and Larsen & Toubro down by 1.24% were the top losers.

Meanwhile, India’s coal production and dispatch witnessed steady growth in May 2025, compared to the same period last year. This reflects the continued efforts of the Ministry of Coal to ensure consistent supply and operational stability in the sector. The overall coal production in India during May 2025 reached 86.24 MT (Provisional), marking an 2.72% increase over the 83.96 MT produced in the corresponding period of the previous year. In FY26, cumulative coal production (upto May 2025) stood at 168.21 MT as compared to 162.67 MT in same period last year. 

Production from captive/commercial mines during May 2025 stood at 16.93 MT (Provisional), registering a significant rise from 13.83 MT recorded during the same period last year. This surge highlights the growing contribution of captive/commercial mining to India’s overall coal output.

As on May 31, 2025, the coal stock held by coal companies witnessed a remarkable growth of 29.18%, reaching 122.69 MT, as compared to 94.98 MT during the corresponding period of the previous year. This increase stands as a testament to the significant rise in coal production across the country. The Ministry of Coal remains committed to achieving sustainable growth, improving coal availability, and reducing dependence on imports. With the positive momentum, the coal sector continues to play a pivotal role in powering India's growth story.

The CNX Nifty is currently trading at 24618.30, down by 98.30 points or 0.40% after trading in a range of 24571.60 and 24845.10. There were 11 stocks advancing against 39 stocks declining on the index.

The top gainers on Nifty were Hindalco up by 0.83%, Grasim Industries up by 0.65%, HDFC Bank up by 0.32%, Bharat Electronics up by 0.31% and JSW Steel up by 0.27%. On the flip side, HDFC Life Insurance down by 2.22%, Bajaj Finserv down by 2.18%, Coal India down by 1.63%, Adani Ports down by 1.51% and Apollo Hospital down by 1.33% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 283.15 points or 1.22% to 23,441.12, Shanghai Composite strengthened 11.14 points or 0.33% to 3,358.63, Nikkei 225 surged 37.74 points or 0.1% to 37,508.41 and Taiwan Weighted added 124.22 points or 0.59% to 21,126.93. However, Jakarta Composite plunged 0.86 points or 0.01% to 7,064.21 and Straits Times fell 10.41 points or 0.27% to 3,880.18.