Benchmark equity indices, Sensex and Nifty, on Monday morning (May 30, 2025) tumbled following weak trends in Asian markets and renewed global trade concerns.
Moreover, foreign fund outflows also dented investors’ sentiment, experts noted.
The 30-share BSE Sensex tanked 762.24 points to 80,688.77 in early trade. The NSE Nifty dropped 212.25 points to 24,538.45.
From the Sensex firms, HDFC Bank, HCL Tech, Reliance Industries, Infosys, Tech Mahindra, Bajaj Finance, Larsen & Toubro, Titan, Tata Consultancy Services and Tata Steel were among the biggest laggards.
Hindustan Unilever, Adani Ports, Mahindra & Mahindra, IndusInd Bank and Nestle were among the gainers.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading lower.
U.S. markets ended on a mixed note on Friday (May 30, 2025).
Foreign Institutional Investors (FIIs) offloaded equities worth ₹6,449.74 crore on Friday (May 30, 2025), according to exchange data.
U.S. President Donald Trump on Friday (May 30, 2025) said he is doubling the tariff on steel imports to 50%.
“The market structure favours the continuation of the ongoing consolidation phase. There are global headwinds like renewed tariff concerns that will restrain a breakout rally. At the same time, there are domestic tailwinds that will support the market at lower levels. President Trump’s 50% tariffs on steel and aluminium are a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets.
“On the domestic front, the tailwinds are getting stronger with the latest Q4 GDP growth data coming at 7.4%, which is much better-than-expected,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
Indian economy expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal, helping clock a 6.5% growth rate in the year that elevated its size to $3.9 trillion and held promise of crossing the world’s fourth-largest economy, Japan, in FY26.
The Indian economy grew at 7.4% in January-March — the fourth and final quarter of April 2024 to March 2025 fiscal (FY25) — reflecting a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and manufacturing.
Vikas Jain, Head of Research at Reliance Securities, said, “Negative cues from global markets could cap gains. Asian markets and U.S. index futures have come under pressure due to rising geopolitical tensions between Russia and Ukraine, as well as renewed trade frictions following U.S. President Donald Trump’s decision to double tariffs on steel and aluminium to 50%.”
Global oil benchmark Brent crude jumped 2.20% to $64.16 a barrel.
On Friday (May 30, 2025), the BSE Sensex declined by 182.01 points or 0.22% to settle at 81,451.01. The Nifty dipped 82.90 points or 0.33% to 24,750.70.
Published - June 02, 2025 10:57 am IST
