Markets extend losses for 3rd session amid broad-based selloff; Sensex and Nifty tumbled

Domestic markets decline as investors sell energy, finance, and IT stocks; Sensex and Nifty plummet nearly 1%.

Equity benchmark indices Sensex and Nifty tumbled nearly 1% on Tuesday (June 3, 2025) weighed down by a widespread selloff amid foreign fund outflows and growing geopolitical uncertainties.

Domestic markets stayed on the back foot for the third straight session as investors offloaded energy, finance and IT stocks, traders said.

In a volatile trading session, the 30-share BSE index tanked 636.24 points or 0.78% to settle at 80,737.51. During the day, it dropped 798.66 points or 0.98% to 80,575.09.

The NSE Nifty plunged 174.10 points or 0.70% to 24,542.50.

As many as 2,266 stocks declined, while 1,731 advanced and 147 remained unchanged on the BSE.

"The domestic market remained in negative terrain amid mixed global cues, geopolitical issues and a volatile currency market led by a weak USD. Profit-booking is evident across sectors, except for real estate stocks, supported by expectations of an interest rate cut by the RBI.

"Mid and small-cap stocks are experiencing relatively less consolidation than large caps due to better earnings growth & moderation in premium valuation. While short-term consolidation is likely to persist, strong domestic-oriented players are estimated to provide outperformance against external volatility," Vinod Nair, Head of Research, Geojit Investments Limited, said.