Transrail Bags ₹534 Cr Order; OECD Cuts Global Growth Outlook & More
- Share.Market
- 8 min read
- 03 Jun 2025
Highlights
Indian markets closed lower for the third consecutive session today, pressured by weak global cues, concerns over high valuations, and renewed trade tariff fears linked to US policy developments. Most sectoral indices ended in the red, with Nifty Realty and Media being the only sectors to close in positive territory.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty RealtyNIFTY REALTY | +1.20%+11.65 | 982.90 |
 Nifty MediaNIFTY MEDIA | +0.54%+9.35 | 1726.10 |
 Nifty MetalNIFTY METAL | -0.07%-6.25 | 9122.30 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
*Prices shown may have delay up-to 15 minutes
INDIA VIX
Put Call Ratio of Nifty 50 (expiry: 05th Jun) is 0.50
What Made Headlines?
The Fertilisers and Chemicals Travancore and other fertiliser stocks rallied as the European Parliament approved steep tariff hikes on Russian and Belarusian fertiliser imports, potentially boosting Indian exports. Domestically, early monsoon forecasts lifted sentiment.
TRANSRAILLTransrail Lighting secured fresh orders worth ₹534 crore, including its biggest substation job in Africa, pushing its FY26 order intake beyond ₹1,600 crore.
SANSERASansera bags ₹160 crore contract from Airbus to manufacture and support airborne ICU modules for transport aircraft, marking its first selection as an Indian supplier for this program.
BIOCONBiocon and its unit, Biocon Pharma, have received CDSCO approval for Liraglutide, a generic version of Victoza, for treating Type 2 diabetes in patients aged 10+
WAAREERTLWaaree Renewable Technologies received a Letter of Award to develop a 300 MW AC / 435 MW DC solar power project, worth ₹346.33 crore.
What’s Happening Beyond Our Markets?
- US-India Trade Deal Not Too Far Off, Says US Commerce Secretary, citing mutual benefits, but flags India’s high tariffs as a key hurdle.
- India held talks with Japan and Singapore to boost maritime ties, focusing on shipbuilding, port digitisation, seafarer training, and trade collaboration under Maritime Vision 2047.
- The OECD expects global growth to slow to 2.9% in 2025 and 2026, citing rising trade uncertainty under Trump’s policies. Tariffs may hit jobs, incomes, and raise inflation.
- China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) fell to 48.3 in May, signaling contraction for the first time since September 2022 amid shrinking output, weak demand, falling exports, and cautious business sentiment.
Back to Basics
Terms that put you one step ahead – every day.
What is PMI?
PMI (Purchasing Managers’ Index) is a monthly economic indicator that measures the health of the manufacturing and services sectors.
It’s based on what actual business managers are seeing on the ground — like how many new orders came in, whether production is rising, or if they’re hiring or cutting back.
Here’s the cheat code:
- Above 50 = growth
- Below 50 = slowdown
PMI gives early clues before GDP or big headlines hit.
So if PMI is rising, it usually means businesses are busy, confidence is high, and the economy’s on the move. If it dips, it might be time to buckle up.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Jindal Saw Ltd. | 05 Jun 2025 | 05 Jun 2025 | Final Dividend | ₹2.00 |
| Rallis India Ltd. | 05 Jun 2025 | 05 Jun 2025 | Final Dividend | ₹2.50 |
Before You Go…
Markets aren’t just charts and tickers, they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
