Nifty, Sensex Sell off in the Absence of Triggers – Tuesday Market Report
Moneylife Digital Team 03 June 2025
On Tuesday, 1731 stocks advanced, 2266 declined and 147 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.76 indicating a negative closing in the broader market. The trend of the major indices on Tuesday’s trading is given in the table below.
 
 
On NSE, 68 securities advanced and closed at a new 52-week high whereas 38 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Energy, Nifty Infrastructure and Nifty IT were among the biggest losers. In sectoral indices, Nifty Media was the only gainer.
 
Sansera Engineering (Sansera) (+1.75%) entered a long-term contract worth around Rs 160 crore ($18.80 million) with Airbus Defence and Space for the manufacture, supply, and support of the Airborne Intensive Care Transport Module (ICTM) for light and medium transport aircraft programs.
 
Tech Mahindra (-0.34%) signed multi-year partnership with Hanab to modernize their IT infrastructure. The partnership aims to streamline operations and implement next-generation technologies to support Hanab’s growth aspirations. This partnership comes at a critical juncture for Hanab as the organization establishes its operational independence post its recent acquisition by Triton Partners, one of Europe’s leading Private Equity firms. Hanab will leverage Tech Mahindra’s extensive expertise in digital IT transformation and IT-carve outs to create a secure, scalable, and future-ready IT infrastructure.
 
Indoco Remedies (+7.78%) subsidiary -- Indoco Remedies UK launched Ticagrelor film-coated tablets 90mg in the United Kingdom. This significant addition to the company’s portfolio will be marketed and distributed by Clarity Pharma, across the United Kingdom. Ticagrelor film-coated tablets are indicated to reduce the chances of heart attack, stroke, myocardial infarction (MI) or diseases related to the heart or blood vessels.
 
Grasim Industries (+1.12%) received approval from Finance Committee of the Board of Directors for issuance of fully paid, unsecured, listed, rated, redeemable, rupee denominated, non-convertible debentures of Rs1,00,000 per debenture aggregating up to Rs1,000 crore, in one or more tranches, on private placement basis.
 
Waaree Renewable Technologies (+0.75%) was awarded letter of award (LoA) worth Rs346.33 crore for the execution of engineering, procurement and construction (EPC) works of solar power project of 300 MW AC/435 MW DC capacity. The project is scheduled to be completed in the financial year 2025-26, as per the terms of the order.
 
Transrail Lighting (+4.87%) secured new orders worth Rs534 crore across domestic and international geographies. The company’s order intake has crossed Rs 1,600 crore in FY26 , driven by core Transmission & Distribution (T&D) segment.
 
Torrent Power (TPL) (+0.49%) signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte, a subsidiary of global integrated energy company bp, for supply of up to 0.41 MMTPA of LNG from 2027 to 2036. The LNG procured under this agreement will be strategically utilized by TPL, including to operate its 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) in India to meet the country’s rising power demand, peak demand periods’ support, and balancing the Renewables. It will also support the Torrent Group’s City Gas Distribution (CGD) arm - Torrent Gas’ (TGL), growing requirement of LNG to ensure reliable supply of gas for households, commercial and industrial consumers and CNG vehicles.
 
Royal Orchid Hotels (ROHL) (-0.91%) signed a new Regenta branded hotel, in the picturesque town of Dehradun, Uttarakhand. The new property Regenta Resort Dehradun will operate under a management contract model aligning with ROHL’s asset-light expansion strategy. With the addition of this hotel, ROHL will have 8 hotels in Uttarakhand.
 
Poonawalla Fincorp (-1.19%) received approval from Finance Committee, as authorized by the Board of Directors, to raise Rs300 crore through issuance of unsecured, redeemable, rated, listed, non-convertible subordinated debentures Tier II (NCDs) in dematerialized form, through private placement.
 
Adani Ports and Special Economic Zone (-2.43%) board at its meeting held on May 31, 2025 has approved a, tender offer of its outstanding senior notes upto $1 billion, in one or more tranches, over the next six financials quarters. The board has approved to buyback of company’s USD bonds.
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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