Indian stock markets opened on a positive note today, June 4, 2025, continuing a range-bound movement amid mixed global cues after a three-day losing streak. Early trading saw both the Sensex and Nifty indices making gains, although market experts anticipate continued consolidation due to weak global indicators.
The BSE Sensex initially rose by approximately 100 points. After opening flat at 80,777.65, the Sensex climbed 169.13 points, a 0.21% increase, reaching 80,906.64 by 9:16 am. However, earlier on June 3rd, the Sensex had settled 636 points lower.
The NSE Nifty 50 also mirrored this upward trend. The Nifty 50 was up 44.35 points, or 0.18%, reaching 24,586.85. At pre-open, the NSE Nifty 50 was trading 0.07% higher at 24,560.45, and the BSE Sensex was trading 0.05% higher at 80,777.65. Market analysts suggest that the Nifty's immediate support lies at 24,500, while it faces resistance in the 24,900–25,000 range. Yesterday, the Nifty 50 index ended 174 points lower at 24,542.
Bharti Airtel is one of the stocks in focus. Recent data indicates mixed performance for Bharti Airtel. On June 3, 2025, the stock experienced intraday volatility and traded close to its 52-week high after reversing a three-day decline. However, it also showed a minor decline of 0.5% during the day, trading at Rs 1844.9. Over the past year, Bharti Airtel has outperformed the Sensex. Meanwhile, Singapore Telecommunications, Southeast Asia's largest telecom firm, saw a 9% profit increase driven by Optus and Airtel's strong performance.
Eternal Ltd, the parent company of Zomato, has demonstrated significant momentum recently. The stock closed at ₹243.45 on June 3, 2025, reflecting a 0.93% gain. Over the past 15 days, Eternal's stock has surged by approximately 21%, fueled by consistent buying interest and strategic trades, with BNP Paribas Financial Markets making substantial acquisitions. The stock's 52-week high is ₹304.70, recorded on December 9, 2024, while its 52-week low is ₹146.30, which was hit almost a year ago on June 4, 2024. In related news, Eternal shares rose 5% on Friday, following a substantial acquisition by BNP Paribas Financial Markets, which invested Rs 1,484 crore in the food delivery firm.
Global market cues present a mixed picture. Asian markets are trading higher, taking cues from a tech stocks-driven rally on Wall Street. However, concerns persist regarding global trade tensions and U.S. fiscal stability. U.S. job openings increased in April, but layoffs also picked up.
Other key factors influencing the market:
In addition to the above, other stocks to watch today include Aditya Birla Fashion & Retail, Indegene, YES Bank, and Waaree Renewable.
