The BSE Sensex swung wildly in a 1,200-point range, reaching a high of 81,774 before dropping to a low of 80,575. It eventually settled at 80,737, down 636 points or 0.78%.
The NSE Nifty50 followed a similar trend, moving nearly 350 points throughout the day and closing at 24,543, a drop of 174 points or 0.7%.
The midcap and smallcap indices also saw mixed action. The Nifty MidCap index fell by 0.45%, while the Nifty SmallCap index eked out a small gain of 0.1%.
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Impact on the stock market
Sectoral indices showed a mixed picture:
- The Nifty Private Bank index fell over 1%, leading the losses.
- Nifty PSU Bank index dropped 0.59%.
- The Nifty IT index declined by 0.67%.
- The Nifty FMCG index fell 0.49%.
On the bright side, the Nifty Realty index stood out with gains of over 1%, suggesting some investor interest in the property space despite the broader market weakness.
| Sector/Index | Performance |
| IT & BPM sector | -0.67% |
| Healthcare sector | -0.32% |
| Oil & Gas sector | -0.77% |
| Real estate sector | 1.20% |
| PSU Bank in India | -0.59% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Grasim Share Price | 2,552.40 | 1.12 |
| Shriram Finance Share Price | 648.25 | 0.89 |
| M&M Share Price | 3,046.50 | 0.68 |
| Bajaj Auto Share Price | 8,563.00 | 0.58 |
| Cipla Share Price | 1,473.20 | 0.20 |
Top losers today
| Company | Price (in ₹) | Change % |
| Adani Ports Share Price | 1,432.30 | -2.43 |
| Adani Enterpris Share Price | 2,470.90 | -1.90 |
| Bajaj Finserv Share Price | 1,991.90 | -1.83 |
| Coal India Share Price | 392.85 | -1.71 |
| Power Grid Corp Share Price | 288.25 | -1.64 |
Market aftermath: Impact on stocks
Fertilizer stocks rally on monsoon hopes
Fertilizer shares jumped 8% to 18% despite a weak market. Key movers included Fertilizers and Chemicals Travancore (+18%), National Fertilizers (+9%), Rashtriya Chemicals (+8%), Deepak Fertilisers (+8%), Madras Fertilizers (+6%), and Paradeep Phosphates (+4%), with Deepak and Paradeep hitting all-time highs.
The rally is driven by forecasts of an early, above-normal monsoon boosting demand, plus rising tariffs on Russian and Belarusian imports, which may shift global demand to India. However, rising raw material costs and subsidy delays could pressure earnings. Fertilizer inventories are near six-year lows, adding supply concerns.
Also read: Key agriculture sector stocks to watch in 2024
Pharma stocks consolidate amid uncertainty
Pharma stocks stayed subdued, with the Nifty Pharma index down nearly 12% from its 2024 peak. Renewed COVID-19 waves have boosted diagnostics and hospitals, but pharma companies like Sun Pharma, Cipla, and Dr Reddy’s face margin pressures and fading COVID-era sales. Sun Pharma’s stock is down 14% from its high.
Growth is expected to be muted in fiscal 2026, pending uncertain US regulatory approvals. Midcaps like Ajanta Pharma (+13% YTD) and Glenmark have outperformed, and contract manufacturers such as Divi’s Labs attract interest for strong order books and margin growth, though caution is advised.
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Defence stocks rise on geopolitical concerns
The Nifty India Defence index rose 1.6% to around 8,833, bucking the overall market trend.
This comes amid rising tensions between Russia and Ukraine, with recent drone and missile attacks escalating the conflict.
Top gainers included:
- Cochin Shipyard, up over 5% to ₹2,019.
- Garden Reach Shipbuilders & Engineers (GRSE) and BEML both went up around 4%.
- Other defence stocks like Astra Microwave Products, Solar Industries India, Mishra Dhatu Nigam, DCX India, and Mazagon Dock Shipbuilders rose over 2%.
Investors seem to be anticipating increased defence spending due to the heightened global tensions.
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Crude oil prices edge higher amid supply fears
Energy markets saw small gains:
- June crude oil futures traded at ₹5,377 on the Multi Commodity Exchange, up slightly.
- Brent crude rose to $64.85 per barrel (+0.34%).
- West Texas Intermediate crude went up to $62.80 per barrel (+0.45%).
Geopolitical tensions, including a stalled US-Iran nuclear deal and escalating Russia-Ukraine conflict, have kept supply concerns alive.
Additionally, wildfires in Canada’s Alberta province have cut production by around 350,000 barrels per day, about 7% of the country’s output, adding to supply worries.
Other commodities like natural gas, jeera, and guargum showed minor price changes amid this complex backdrop.
Conclusion:
The Indian stock market’s sharp swings on June 3, 2025, were a reminder that markets rarely move in a straight line. While benchmark indices dropped amid global trade and expiry uncertainties, specific sectors painted a more nuanced picture.
Fertilizer stocks surged on monsoon optimism and global tariff shifts. Pharma shares held steady but await clear growth triggers. Defence stocks gained on rising geopolitical tensions. Crude oil prices ticked higher with supply concerns.
For investors, today’s action highlights the need to look beyond headline indices, understand sector-specific factors, and keep an eye on how global events influence local markets. That’s how you stay ahead, even on days full of twists and turns.
For more stock market insights, check out the StockGro blog.
