Sensex falls 77 pts, Nifty slips below 24,800 as IT, Metal stocks drag

The domestic share market indices traded lower on Monday dragged down by declines in metal and IT sectors, despite strong domestic economic indicators. At close, the Sensex was down 77.26 points or 0.09 percent at 81,373.75, and the Nifty was down 34.10 points or 0.14 percent at 24,716.60. About 2065 shares advanced, 1903 shares declined, and 159 shares unchanged.
Adani Ports, M&M, Eternal, Tata Consumer, Power Grid Corp were the top gainers on on the Nifty, while losers included Hero MotoCorp, Tech Mahindra, JSW Steel, HDFC Life, Tata Steel.On the sectoral front,PSU Bank and Realty gained 2 percent each, while Consumer Durables, IT and Metal indices down 0.5 percent each.The BSE midcap index rose 0.6 percent and smallcap index added 0.4 percent.
Rupee Close:
On 2 June'25,the Indian rupee ended 20 paise higher to cl9se at 85.38 against the US dollar on Monday, supported by weakness in the U.S. dollar and modest dollar inflows that helped the local currency begin the week on a positive note.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,the domestic market continued its consolidation phase for the third consecutive week, influenced by renewed concerns over a potential tariff war and escalating geopolitical tensions between Russia and Ukraine. While global uncertainties have led investors to adopt a risk-averse approach, the Indian market has demonstrated resilience, underpinned by robust institutional inflows and selective sectoral strength like FMCG, real estate, and financial stocks.Supportive domestic macro indicators include a potential RBI rate cut, a better monsoon, Q4 GDP data and better GST collection. Under the current market landscape, investors are adopting a cautious short-term strategy, with a focus on domestically oriented and interest-sensitive sectors.
Market experts recommended recommended three stocks to buy  - HDFC Bank, Pidilite Industries and DLF shares.

(Business Correspondent)