Market opened with a decrease on the very first day of the week, breaking 500 points as soon as it is open, nifty below 24600

The Indian stock market opened on the first trade session of June, ie, Monday (June 2), amid mixed signals of Asian markets. Metal supplies have dropped due to US President Donald Trump’s announcement to increase the tariff on steel imports from 25% to 50%. Its direct dependence is also more of market concept. The measure Index Sensex and Nifty are likely to be affected by several factors on the first trading day of the month, ie Monday, June 2, 2025. This includes the strong GDP data in the fourth quarter, Trump Steel tariff, the final US for May and Indian manufacturing of PMI data, foreign investors (FIIs) and signs of global markets. Earlier, the Indian stock market closed in the last trade session of the week on Friday (May 30). Thirty -Share BSE Sensex closed 82.01 points or 0.22% to close at 81,451.01. Similarly, the National Stock Exchange (NSE) Nifty-50 82.90 points or 0.33% were lower to close at 24,750,70. The GDP growth in the March quarter was 7.4% According to the data released by the National Statistics Office (NSO) on Friday, India’s actual GDP (GDP) in the fourth quarter (Q4) of FY 2024-25 (FY 25) rose with a rate of 7.4 percent. The figure in the fourth quarter was more than an estimate of the Reserve Bank of India (RBI). This reflects faster speed than expected in the economy. However, GDP growth in the full year for FY 2025 was 6.5 percent, slightly lower than the estimate of 6.6 percent of RBI. As he moved forward, RBI estimated a 6.5 percent GDP increase for the current financial year (FY 26). What’s going on in global markets? The Asian markets had a mixed trend after US President Donald Trump announced a major increase in rates on steel imports. Trump said late Friday night with steel workers at the US Steel’s Irwin Works facility in Western Miflin, Pennsylvania, that he would increase the tariff on steel imports from 25 percent to 50 percent on Wednesday. He said the move is aimed at further strengthening the US steel industry. The president also confirmed the date of the beginning of June 4 for the new tariff in a post on Truth Social. In response, Nikkei fell 1.21 percent. While the broad subject index fell by 0.83 percent. ASX200 dropped by 0.1 percent. On the other hand, Kanspi overturned this tendency and increased by 0.3 percent. The markets of China, Malaysia and New Zealand remained closed due to the public holiday. The US stock futures dropped before the first trade in June. Both S&P 500 and Nasdaq-100 futures dropped by 0.3 percent. While Dow Jones futures also fell 0.3 percent. There was a mixed session in Wall Street on Friday. There was almost no change in S&P 500, it dropped by only 0.01 percent. Nasdaq fell by 0.32 percent, while Dow Jones contracted 0.13 percent.