On Monday, June 2, 2025, Indian equity markets experienced a volatile session, with benchmark indices recovering from early losses to close marginally lower. The BSE Sensex ended at 81,373.75, down by 77.26 points or 0.09 percent, while the Nifty 50 closed at 24,716.60, declining by 34.10 points or 0.14 percent.
Despite the overall decline, broader market indices showed resilience. The Nifty Midcap 100 index rose by 0.62 percent, and the Nifty Smallcap 100 index gained 1.19 percent, indicating strength in mid and small-cap stocks.
Sectoral performance was mixed. The Nifty Realty index emerged as the top sectoral gainer, reflecting strong buying interest in key real estate stocks. Conversely, the Nifty Metal and Nifty IT indices faced pressure, influenced by global trade concerns and sector-specific challenges.
Investor sentiment was influenced by global factors, including renewed concerns over U.S. trade tariffs and geopolitical tensions. However, domestic factors such as robust institutional inflows and selective sectoral strength provided support to the market, leading to a partial recovery in the latter half of the session.
Here are a few stocks to watch out for today:
1. Torrent Power Ltd
Leading Power stock, Torrent Power Ltd (TPL) has entered into a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global energy major BP, for the supply of up to 0.41 MMTPA of LNG. The agreement spans from 2027 to 2036, supporting TPL’s efforts to enhance energy security and diversify its fuel sources. On Monday, Torrent Power Ltd closed at Rs.1,394.80 per share, marginally up 1.51 percent from the previous close of Rs.1,374.00 apiece.
2. UPL Ltd
Leading chemical company UPL Ltd closed higher on Monday at Rs.634.25 per share, rising 1.01 percent from the previous close of Rs.627.90 apiece. After market hours, the company announced that its subsidiary, Advanta Seeds, has acquired key corn assets from K-Adriatica, enhancing UPL’s European portfolio. This acquisition will enable the company to expand its crop offerings and better serve European farmers.
3. Jindal Stainless Ltd
Steel manufacturing leader Jindal Stainless Limited has acquired an equity stake in a special-purpose vehicle established in partnership with Oyster Renewable Energy Private Limited to develop a 282 MW hybrid renewable energy project aimed at powering the company’s plant and to invest up to an amount of Rs.132 crores. On Monday, Jindal Stainless Limited closed at Rs.644.85 per share, marginally up 0.016 percent from the previous close of Rs.644.75 apiece.
4. Nitin Spinners Ltd
On Monday, June 2, 2025, Nitin Spinners Ltd closed at Rs.407.85 per share, up 4.67 percent from the previous close of Rs.389.65 apiece. The company approved the execution of a Power Supply Agreement and Share Purchase Agreement with CGE Hybrid Energy Private Limited, aimed at strengthening its energy infrastructure and supporting sustainable growth. This development has boosted investor confidence in the stock.
5. ISGEC Heavy Engineering Ltd
ISGEC Heavy Engineering Ltd has received a directive from the Commission for Air Quality Management in National Capital Region Adjoining Areas, New Delhi, to halt all industrial operations at its factory located in Village Nara, Meerut Road, Muzaffarnagar, Uttar Pradesh. The closure will remain in effect until further notice for the resumption of activities. On Monday, ISGEC Heavy Engineering Ltd closed at Rs.1,199.10 per share, down 1.14 percent from the previous close of Rs.1,212.90 apiece.
7. Frontier Springs Ltd
Frontier Springs Ltd, an auto-ancillary company, closed lower on Monday at Rs.3,544.20 per share, down 5.04 percent from the previous close of Rs.3,732.45 apiece. After market hours, the company announced it has secured orders for Air Springs Assembly totaling Rs.92.6 crores (including GST) from Rail Coach Factory, Kapurthala, and Modern Coach Factory, Raebareli.
Written by – Siddesh S Raskar
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