Trendlyne Marketwatch
Trendlyne Marketwatch
03 Jun 2025
Market closes lower, Adani Ports' cargo volumes rise 17% YoY in May
By Trendlyne Analysis

 

Nifty 50 closed at 24,542.50 (-174.1, -0.7%), BSE Sensex closed at 80,737.51 (-636.2, -0.8%) while the broader Nifty 500 closed at 22,711.30 (-123.2, -0.5%). Market breadth is in the red. Of the 2,454 stocks traded today, 999 were on the uptick, and 1,423 were down.

Indian indices closed lower after paring gains in the morning session. The Indian volatility index, Nifty VIX, fell 3.5% and closed at 16.6 points. Waaree Renewable closed higher as it secured an engineering, procurement, and construction (EPC) order worth Rs 346.3 crore to develop a 300 MW AC / 435 MW DC solar power project.

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed lower. BSE Power and Nifty Private Bank were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 7.1%.

European indices are trading in the red, except Germany’s DAX and Portugal’s PSI indices, which are trading flat. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session as investors await US employment figures later this week.

  • Relative strength index (RSI) indicates that stocks like Pfizer, Central Depository Services India, Intellect Design Arena, and Jubilant Pharmova are in the overbought zone.

  • Texmaco Rail & Engineering receives an order worth Rs 122.3 crore from Mumbai Railway Vikas Corporation (MRVC). The order is for the design, supply, construction, installation, testing, and commissioning of traction transformers and related works for Western Railway.

  • Sansera Engineering is rising as it secures a Rs 160 crore contract from Airbus Defence and Space to manufacture and support airborne intensive care transport modules (ICTM). The ICTM enables critical care patient transport on light and medium aircraft.

  • IDBI Capital maintains its 'Buy' call on Lemon Tree Hotels with a higher target price of Rs 177 per share. This indicates a potential upside of 27%. The brokerage remains positive on the stock due to the management’s positive outlook on inventory expansion and ongoing balance sheet strengthening through debt repayment. It expects the company's revenue to grow at a CAGR of 14.7% over FY26-27.

  • Shailesh Chaturvedi, MD & CEO of Arvind Fashions, says the company added 120 stores and closed around 70 in FY25, along with retail inventory "clean-up" involving higher discounts, which led to weak margins. Despite the closures, the company plans to expand its retail footprint by 1.5 lakh sq ft through large-format stores for key brands like US Polo Association and Calvin Klein.

  • Reliance Infrastructure falls as the Mumbai bench of National Company Law Tribunal (NCLT) puts it under the corporate insolvency resolution process. Reliance Infra clarifies it has fully paid Rs 92.7 crore to Dhursar Solar and will appeal to National Company Law Appellate Tribunal (NCLAT), seeking withdrawal of the order.

  • Union Bank of India is falling as its Chief Executive Officer (CEO) and Managing Director (MD), A. Manimekhalai, steps down effective June 3.

  • Man Industries' board of directors approves raising Rs 300 crore through a preferential issue of equity shares and convertible warrants. The company will issue 79.3 lakh equity shares worth Rs 260 crore and 12.2 lakh convertible warrants worth Rs 40 crore at an issue price of Rs 328 each.

  • Ridham Desai, Managing Director at Morgan Stanley suggests that India is unlikely to face significant impact from US tariffs, as its trade with the US constitutes only about 2% of its GDP. This relatively low trade exposure could shield India from adverse effects compared to other economies with higher US trade dependencies. However, specific tariff policies and their broader implications could still influence investor sentiment or supply chains.

  • Adani Ports and Special Economic Zone handles 41.8 million metric tonnes (MMT) of cargo in May, driven by a 22% YoY rise in container volumes and a 17% increase in dry cargo. Its logistics rail volume grows 13% YoY during the month.

  • Zinka Logistics Solutions is rising as 1.6 crore shares (9.2% stake) worth approximately Rs 692 crore reportedly change hands in a block deal at an average price of Rs 423 per share. Quickroutes International is likely the seller in this transaction.

  • Larsen & Toubro’s water and effluent treatment (WET) unit receives a significant order worth Rs 1,000–2,500 crore from the Public Health Engineering Department of Rajasthan. The work involves developing 5,251 km of transmission and distribution water pipelines.

  • UBS raises India’s FY26 GDP growth forecast to 6.4% from 6%, citing resilient economic momentum and a strong March 2025 quarter. Tanvee Gupta Jain, the Chief India Economist, attributes the upgrade to robust domestic demand, easing global trade tensions, and lower crude oil prices.

  • Aptus Value Housing falls as 6.7 crore shares (13.4% stake) worth approximately Rs 2,063 crore reportedly change hands in a block deal at an average price of Rs 307 per share.

  • Morgan Stanley initiates coverage on Swiggy with an 'Overweight' rating and sets a target price of Rs 405. The brokerage projects Swiggy’s quick-commerce total addressable market (TAM) to reach $57 billion by 2030 and expects the company to improve its food delivery margins through better execution.

  • Prostarm Info Systems’ shares debut on the bourses at a 14.3% premium to the issue price of Rs 105. The Rs 168 crore IPO received bids for 97.2 times the total shares on offer.

  • Vipul Mathur, Managing Director & CEO of Welspun Corp, highlights the company’s current order book at Rs 19,500 crore, with no impact so far from US tariffs. He notes that domestic steel availability in the US limits the effect of import duties. Mathur highlights that the Longitudinal Submerged Arc Welding (LSAW) segment is highly remunerative, offering 12–15% EBITDA margins and potential revenue of Rs 3,000 crore.

  • Waaree Renewable is rising as it secures an engineering, procurement, and construction (EPC) order worth Rs 346.3 crore to develop a 300 MW AC / 435 MW DC solar power project.

  • Adani Enterprises falls as reports emerge alleging that US prosecutors are investigating Adani entities for importing Iranian liquified petroleum gas (LPG) into India through the Mundra Port. However, the company responds to the reports, denying any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG.

  • Ola Electric Mobility falls as 14.2 crore shares (3.2% stake) worth approximately Rs 731 crore reportedly change hands in a block deal at an average price of Rs 51.4 per share. Hyundai Motor is likely the seller in this transaction.

  • JP Morgan upgrades United Spirits to 'Overweight' with a higher target price of Rs 1,760. The brokerage cites regulatory tailwinds such as reopening in Andhra Pradesh, expanded retail reach in UP, improved excise policy in MP, and retail privatization in Jharkhand. It also raises FY26/27 EBITDA estimates by 3%/7% on better margins and growth in the Prestige & Above segment.

  • Yes Bank falls as 9.4 crore shares worth approximately Rs 2,022 crore reportedly change hands in a block deal at an average price of Rs 21.5 per share.

  • Maruti Suzuki India's wholesales increase 1.4% YoY to 2 lakh units in May, helped by an 11.4% YoY growth in utility vehicle sales.

  • Biocon is rising as it receives approval from CDSCO in India for its Liraglutide drug substance, while its subsidiary Biocon Pharma gets clearance for the 6 mg/ml injection. This is the generic version of Victoza, used to treat Type 2 diabetes in adults and children aged 10 and above.

  • Transrail Lighting is rising as its transmission & distribution (T&D) segment secures new orders worth Rs 534 crore across domestic and international markets.

  • Nifty 50 was trading at 24,680.70 (-35.9, -0.2%), BSE Sensex was trading at 81,492.50 (118.8, 0.2%) while the broader Nifty 500 was trading at 22,836.30 (1.8, 0.0%).

  • Market breadth is overwhelmingly positive. Of the 1,982 stocks traded today, 1,320 were gainers and 595 were losers.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (468.75, 3.4%), Jindal Stainless Ltd. (663.90, 3.2%) and Prestige Estates Projects Ltd. (1,584.60, 2.9%).

Downers:

Largecap and midcap losers today include YES Bank Ltd. (20.86, -10.4%), Suzlon Energy Ltd. (68.15, -4.3%) and Indian Overseas Bank (40.55, -3.6%).

Crowd Puller Stocks

19 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included India Cements Ltd. (351.70, 6.7%), Rashtriya Chemicals & Fertilizers Ltd. (160.32, 6.7%) and Cochin Shipyard Ltd. (2,034.70, 5.8%).

Top high volume losers on BSE were YES Bank Ltd. (20.86, -10.4%), Aptus Value Housing Finance India Ltd. (307, -8.8%) and Ingersoll-Rand (India) Ltd. (3,800, -3.6%).

Finolex Cables Ltd. (962.65, 0.3%) was trading at 10.6 times of weekly average. Gujarat State Fertilizer & Chemicals Ltd. (208.42, 4.1%) and KIOCL Ltd. (315.10, 5.6%) were trading with volumes 8.7 and 8.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks made 52 week highs,

Stocks touching their year highs included - City Union Bank Ltd. (202.28, 1.8%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,540.10, 4.1%) and Indian Bank (632.40, -2.1%).

22 stocks climbed above their 200 day SMA including India Cements Ltd. (351.70, 6.7%) and Rashtriya Chemicals & Fertilizers Ltd. (160.32, 6.7%). 16 stocks slipped below their 200 SMA including Aptus Value Housing Finance India Ltd. (307, -8.8%) and ICICI Prudential Life Insurance Company Ltd. (640.90, -3.5%).

 
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