Stock Market Today:On Monday, June 2, 2025, Indian stock markets had a mixed session. The Nifty 50 index closed slightly lower at 24,716.60, dropping by 0.14%, while the Bank Nifty index gained 0.28%, ending at 55,903.40. The market showed choppy movements with no clear direction, reflecting cautious investor sentiment.

Stock Market Today:

Market Trend & Key Levels

According to experts, Nifty 50 is showing a weak but slightly positive trend in the short term. It may move up to 24,900 in the coming sessions. The immediate support level is at 24,500. For Bank Nifty, support lies between 55,000 to 55,200, with strong short-term support around 54,000 to 53,500.

Global Market Influence

Global markets are currently under pressure due to worries about trade tensions and the Russia-Ukraine conflict. These concerns have made investors cautious worldwide. Indian markets show strength, supported by buying from institutional investors and gains in FMCG, real estate, and financials.

Other supportive factors include:

Hopes for an RBI interest rate cut

Good monsoon forecasts

Improved Q4 GDP data

Better GST collections

Top Stock Picks for June 3

Experts from various broking firms have shared their top stock recommendations for Tuesday:

1. Intellect Design Arena Ltd (INTELLECT)

Buy at ₹1192.80

Target: ₹1276

Stop Loss: ₹1150

Strong uptrend with new 52-week high and bullish momentum.

2. Valor Estate Ltd (DBREALTY)

Buy at ₹203.15

Target: ₹218

Stop Loss: ₹196

Breakout from a consolidation range with good volume.

3. Bharat Heavy Electricals Ltd (BHEL)

Buy at ₹261

Target: ₹267

Stop Loss: ₹257

Holding above support level; continues bullish pattern.

4. Oberoi Realty Ltd

Buy at ₹1770

Target: ₹1830

Stop Loss: ₹1735

Positive price action with upside potential.

5. Sona BLW Precision Forgings Ltd (SONACOMS)

Buy at ₹545

Target: ₹565

Stop Loss: ₹535

Bullish reversal pattern suggesting short-term gains.

6. Federal Bank Ltd

Buy at ₹206

Target: ₹220

Stop Loss: ₹202

Triangle breakout and bullish volume indicate upward trend.

7. Housing & Urban Development Corporation Ltd (HUDCO)

Buy at ₹247.65

Target: ₹262

Stop Loss: ₹242

Positive candlestick formation and rising RSI support further upside.

8. Escorts Kubota Ltd

Buy at ₹3383

Target: ₹3500

Stop Loss: ₹3330

Recovering from correction, showing strong chart patterns.

Global uncertainty continues. India’s strong domestic indicators and sector-specific gains show a hopeful outlook. Traders should keep a close watch on support levels and enter trades with proper risk management.

Disclaimer: The above views are based on market experts’ analyses. Please consult a certified financial advisor before making any investment decisions.

Also Read:Yes Bank Share Price Soars in 2025: Key Reasons Behind the Rally

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