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Zomato Re-rated, Adani Under Scrutiny, Defence Stocks Rise on Geopolitical Tensions
Zomato Re-rated, Adani Under Scrutiny, Defence Stocks Rise on Geopolitical Tensions
Written by - Fisdom Research
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June 3, 2025
2 minutes
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Market Snapshot
Benchmark indices ended lower on June 3, marking the third consecutive session of losses.
The Nifty 50 closed below the 24,550 level, reflecting broad-based selling pressure.
All major sectors closed in the red, except for realty, which rose by 1%, bucking the trend.
Banking, capital goods, consumer durables, IT, oil & gas, power, private banks, and PSU banks all declined by 0.5% to 1%, contributing to the weakness.
The session remained volatile, with cautious investor sentiment prevailing across sectors.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
1.2
NIFTY AUTO
-0.3
NIFTY MEDIA
0.5
NIFTY HEALTHCARE INDEX
-0.3
NIFTY METAL
-0.1
NIFTY FMCG
-0.5
NIFTY PHARMA
-0.2
NIFTY PSU BANK
-0.6
Top News
Zomato slipped nearly 2% despite Morgan Stanley reaffirming it as a top pick with a ₹320 target, citing leadership in food delivery, robust unit economics, and a $57 billion quick commerce TAM forecast by 2030.
Adani Group stocks fell up to 2.5% following a report that U.S. authorities are probing alleged Iranian LPG imports, which the company denied as “baseless and mischievous.”
Defence stocks gained amid escalating global tensions, particularly after Russia launched its largest drone strike on Ukraine, reigniting interest in the sector.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
GRASIM
1.3
ADANIPORTS
-2.3
SHRIRAMFIN
1.0
ADANIENT
-1.9
BAJAJ-AUTO
0.7
COALINDIA
-1.9
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,400
24,800
Bank Nifty
55,000
56,500
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