The Indian stock market began the day on a cautious tone and quickly turned negative by mid-session. The Nifty 50 struggled around the 25,450 mark, while the Sensex slipped below 83,400, reflecting continued selling pressure in heavyweight counters despite stable global indicators.
SBI Life Drops Nearly 3% on Weak Sentiment
SBI Life Insurance Company Ltd fell 2.87% to ₹1,803.60, marking one of the biggest losses on the Nifty today. The drop came amid profit booking in the insurance space after recent highs.
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- Market Cap: ₹1,80,784 Cr | P/E Ratio: 77.12
- 52-week range: ₹1,372.55 – ₹1,936.00
- Sector: Life Insurance
Kotak Mahindra Bank Declines Over 2%
Kotak Bank slipped 2.03% to close at ₹2,125.00, extending its correction from recent highs. Banking stocks were broadly under pressure due to sectoral rotation and muted lending data.
- Market Cap: ₹4,22,518 Cr | P/E Ratio: 22.61
- 52-week range: ₹1,679.05 – ₹2,301.90
- Sector: Private Sector Bank
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Bajaj Finserv Slides 1.4% Amid Volatility
Bajaj Finserv Ltd ended lower by 1.40%, closing at ₹1,979.80. The holding company witnessed subdued investor interest as sentiment remained weak in financials.
- Market Cap: ₹3,16,335 Cr | P/E Ratio: 18.29
- 52-week range: ₹1,523.25 – ₹2,135.00
- Sector: Holding Company
JSW Steel Falls Over 1% on Profit Taking
JSW Steel Ltd dropped 1.26% to close at ₹1,046.50, as metal stocks faced pressure after a short recovery rally. The company continues to trade below its 52-week high.
- Market Cap: ₹2,55,916 Cr | P/E Ratio: 63.19
- 52-week range: ₹854.15 – ₹1,074.90
- Sector: Iron & Steel
The broader market witnessed a pause in recent upward momentum. Analysts expect the short-term direction to remain choppy ahead of corporate earnings and global data releases.
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Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: JSW Energy Subsidiary Signs 12-Year BESS Agreement with RVUNL at ₹2.24 Lakh/MW Monthly
Published on: July 3, 2025 / M Vishnu
Markets Reverse as Profit Booking Hits | UltraTech, Maruti End in Green Despite Drop
The Sensex dropped over 500 points on July 2, 2025, despite gains in Tata Steel, Asian Paints, and UltraTech Cement.
एष तेऽभिहितः सांख्ययोगः।
The one who does not follow the wheel of creation set of going in this world, sinful and sensual, lives in pain.
