India’s share market indices, Sensex and Nifty50, ended the day’s trade in red on Monday, June 2, 2025. The Sensex (index with top 30 firms) tumbled 77.26 points to close at 81,373.75 on Monday. Meanwhile, Nifty50 (index with top 50 firms) was down 34.10 points to close at 24,716.60 points.
In the morning, the Sensex tumbled 236.59 points to open at 81,214.42. Moreover, Nifty50 was also down 81 points to open at 24,669.70 points.
Indian share market was weighed down by global concerns despite strong domestic GDP figures. The benchmark indices were impacted by investor sentiment dampened by renewed tariff threats from US President Donald Trump. The pressure came amid Trump’s announcement to revise tariffs on steel and aluminium, reigniting fears of a trade war and economic strain.
What Else For Share Market?
Market experts noted that while India’s macroeconomic fundamentals remain strong, as reflected in the robust GDP numbers, the external headwinds triggered by the US tariff revision have overshadowed the domestic positives. The threat of a wider impact on global trade and capital flows has made investors cautious.
Ajay Bagga, Banking and Market Expert, told ANI, “Asian markets are down as tariff tantrums and tax uncertainty rule sentiments. China-US public spat is not being taken seriously, given the rollback they did a month back after posturing. The 50% Steel and Aluminium tariffs announced by Trump from July 4th are a bit of a 1% type dampener.”
He further added, “Ukraine Russia conflict widening is a risk, but markets are ignoring it for now. Indian markets should have done well today on the back of a superb March quarter GDP print and expectations of a rate cut and further monetary easing at the RBI MPC later this week. However, the global weakness is holding the Indian markets also in its grip today.”
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