Post Market Update- Markets trim losses in late recovery

Stocks in the news-

1. Power Mech Projects bagged order worth Rs. 266.3 cr from Adani Infrastructure.

2. TCS expands partnership with Euroclear to modernize Sweden's central securities depository.

3. Capacite Infra arm gets LoI for a contract worth Rs. 589 cr from Ten X Realty.

Economic News-

1. HSBC/S&P Global May Final Services PMI came in at 59.8 Vs. 58.8 in April.

Indian indices-

The benchmark indices recovered most of their intraday losses in a volatile session on June 03, 2026. The markets opened weak and saw sharp selling pressure, dragged down by sectors like IT and broader negative breadth. The rebound in the market was supported by value buying in large-cap stocks, selective sector strength. At close, the Sensex was down 303.67 points or 0.41% at 74,346.17, and the Nifty was down 77.95 points or 0.33% at 23,405.60.

Rupee ended at 95.71/$ Vs. June 02, 2026, close to 95.27/$.

Buzzing stocks on BSE-

1. Borosil Renewables jumped 8.31% to Rs. 543.10, as government imposed countervailing duty on textured tempered glass.

2. Concord Biotech jumped 2.86% to Rs. 1,200.20, after company gets USFDA nod for organ rejection drug in transplants.

3. Dee Development Engineers fell 1.19% to Rs. 648, after board approved Rs. 300 crore preferential issue.

4. Granules India gained 2.08% to Rs. 793, after US unit gets EIR from USFDA.

Global Signals-

Asia-Pacific markets rose, as investors appeared to look past uncertainty over US-Iran negotiations aimed at ending the Middle East conflict.

European stocks dipped, as investors weighed U.S. proposals for sweeping new tariffs on 60 countries.