Indian Stock Market: 10 Key Developments Shaping Trade This Week – From Trump’s Tariffs to Gift Nifty Cues

Sensex and Nifty 50 may open flat as investors track RBI policy, global trade tensions, macro data, and ongoing Russia-Ukraine war updates.

June-2, 2025: The Indian stock market indices Sensex and Nifty 50 are expected to open flat on Monday, as investors digest a slew of global and domestic factors that could shape trading this week. Gift Nifty was trading near 24,870, just a point below Nifty futures’ previous close, reflecting muted sentiment.

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Global Cues and Domestic Triggers
Asian markets opened mixed after a volatile session on Wall Street. Japan’s Nikkei 225 was down 0.89%, while South Korea’s Kospi added 0.16%. Hong Kong’s Hang Seng looked set to open lower. China, Malaysia, and New Zealand markets were closed for holidays.

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In the US, President Donald Trump’s announcement to double steel tariffs from 25% to 50%—effective June 4—rattled global trade sentiment. Meanwhile, the S&P 500 and Nasdaq wrapped up May with their biggest monthly gains since November 2023.

US stock indices had a subdued close on Friday:

• Dow Jones rose 0.13%
• S&P 500 was flat, up 0.01%
• Nasdaq fell 0.32%
  Notable movers included Nvidia (-2.92%), Tesla (-3.34%), Apple (+0.45%), and Microsoft (+0.37%).

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Russia-Ukraine Escalation
In Eastern Europe, Ukraine’s drone strikes deep into Russia destroyed over 40 aircraft, while Russia retaliated with missile and drone attacks ahead of new peace talks in Istanbul.

Domestic Updates

• India’s Q4 GDP slowed to 7.4%, pulling FY25 annual growth to 6.5%.
• Fiscal Deficit for FY25 stood at ₹15.77 lakh crore, just above estimates, but lower than FY24’s ₹16.54 lakh crore.
• GST Collections surged to over ₹2.01 lakh crore in May, after a record ₹2.37 lakh crore in April.
• Crude Oil Prices rose amid OPEC’s restrained output increase and geopolitical concerns. Brent rose 2.09% to $64.09/barrel, WTI up 2.3% to $62.19.

Expert Insight
“Strong institutional inflows and a positive domestic outlook continue to buoy investor sentiment,” said Vikram Kasat of PL Capital. “However, global uncertainties and sector-specific challenges may cap gains. Stay diversified and watch key macro indicators and policy signals,” he added.

With RBI’s MPC meeting and global trade risks on the horizon, market participants are bracing for a potentially volatile week.

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Indian stock market, Sensex, Nifty 50, Gift Nifty, RBI MPC meeting, Donald Trump tariffs, Russia Ukraine war, Asian markets, Wall Street, crude oil prices, India GDP, fiscal deficit, GST collections, Nifty futures, macroeconomic data, global market cues