Sensex Falls 400 pts, Nifty Under 24,650 | YES Bank, Ola Shares Drop Up to 7%

On June 3, 2025, the Indian stock market experienced a notable downturn, with the Sensex falling over 300 points and the Nifty slipping below the 24,650 mark. This decline was influenced by global trade tensions, particularly between the U.S. and China, which dampened investor sentiment. Key sectors such as financials and IT faced pressure, while specific stocks like Adani Ports and Larsen & Toubro emerged as significant drags on market performance.

Among individual stocks, YES Bank and Ola Electric Mobility witnessed declines of up to 7%. YES Bank’s drop was notable despite a recent surge, indicating potential profit-booking by investors. Ola Electric’s shares fell amid ongoing challenges, including unresolved consumer complaints and regulatory scrutiny, which have raised concerns about the company’s operational practices.

Despite the overall market downturn, certain stocks bucked the trend, with some on the BSE surging over 10%, highlighting selective bullish trends in specific counters.

Looking ahead, market participants will closely monitor global developments, especially trade negotiations and economic indicators, to gauge future market directions. Domestic factors, including corporate earnings and policy decisions, will also play a crucial role in shaping investor sentiment.