Banking stocks, oil & gas and consumer durables shares declined while realty and media shares advanced.

As per provisional closing data, the barometer index, the S&P BSE Sensex declined 636.24 points or 0.78% to 80,737.51. The Nifty 50 index dropped 174.10 points or 0.70% to 24,542.50. In the past three trading sessions, the Sensex and Nifty declined 1.1% and 1.17%, respectively.

In the broader market, the S&P BSE Mid-Cap index fell 0.52% and the S&P BSE Small-Cap index shed 0.07%.

The market breadth was negative. On the BSE, 1,738 shares rose and 2,257 shares fell. A total of 149 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.51% to 16.56.

New Listing:

Shares of Prostarm Info Systems settled at Rs 126.25 on the BSE, representing a premium of 20.24% compared with the issue price of Rs 105.

The scrip was listed at Rs 125, exhibiting a premium of 19.05% to the issue price.

The stock has hit a high of 130 and a low of 120. On the BSE, over 13.14 lakh shares of the company were traded in the counter.

Buzzing Index:

The Nifty Private Bank index declined 1.17% to 27,346.35. The index rose 0.34% in the past trading session.

Yes Bank (down 10.44%), IDFC First Bank (down 2.53%), Bandhan Bank (down 1.6%), IndusInd Bank (down 1.56%), RBL Bank (down 1.21%), Axis Bank (down 1.11%), Kotak Mahindra Bank (down 0.93%), ICICI Bank (down 0.83%) and HDFC Bank (down 0.43%) advanced.

Stocks in Spotlight:

Transrail Lighting rallied 5.97% after the company announced that it has secured fresh domestic and international orders worth Rs 534 crore.

Grasim Industries added 1.27% after the company announced that its finance committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to Rs 1,000 crore.

HCL Technologies shed 0.04%. The company announced a strategic partnership with UiPath, a leader in agentic automation, to accelerate agentic automation for UiPath customers globally.

Maruti Suzuki India declined 1.26%. The company's total production rose 1.38% to 195,882 units in May 2025 as against 193,207 units recorded in May 2024.

Larsen & Toubro (L&T) fell 1.12%. The company announced that its water & effluent treatment (WET) vertical has secured significant orders from the Public Health Engineering Department of Rajasthan. The value of the contract ranges from Rs 1,000 crore to Rs 2,500 crore.

MIC Electronics slipped 1.27%. The company said that it has received a letter of acceptance (LoA) worth Rs 1.11 crore from the Pandit Deen Dayal Upadhyaya Division of East Central Railway.

Global Markets:

US Dow Jones futures were down 157 points, signaling a weak start for Wall Street.

Most European markets declined despite inflation in the euro zone eased to 1.9% from 2.2% in May.

The drop was largely driven by, a steep monthly drop in services inflation from 4% in April to 3.2% in May, further builds the case for a widely anticipated interest rate cut from the European Central Bank when it meets on Thursday.

Most Asian stocks ended higher on Tuesday, tracking overnight gains across all three major U.S. stock indices, despite ongoing global trade tensions. South Korean markets remained closed due to polling day.

China responded to U.S. allegations of violating a temporary trade agreement, stating that the United States had failed to uphold its side of the deal. The exchange highlights increasing strain in trade negotiations between the two countries.

Separately, the European Union criticized U.S. President Donald Trump's proposal to raise steel tariffs to 50%, arguing that the move could disrupt ongoing EU-U.S. trade discussions. An EU spokesperson reportedly indicated that the bloc is prepared to implement countermeasures if necessary.

China's Caixin/S&P Global manufacturing purchasing managers' index (PMI) declined to 48.3 in May from 50.4 in April, marking its first drop below the 50-point threshold, indicating contraction, since September of the previous year.

In the U.S., stock indices closed higher on Monday, supported by gains in technology stocks and a surge in the energy sector following a rise in oil prices. Domestic steel and aluminum stocks also climbed on expectations of benefits from potential tariff increases. The S&P 500 rose 0.41%, the Nasdaq Composite gained 0.67%, and the Dow Jones Industrial Average edged up 0.08%.

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