Sensex Fell ~200 Points to 81,258: Tata Motors, Ultratech Tumbled Heavily

Indian benchmark indices — the BSE Sensex and NSE Nifty — were trading in the red on Monday, pressured by a confluence of global and domestic concerns. Investor sentiment took a hit following fresh U.S. tariffs on steel imports announced by President Donald Trump. Adding to the pressure were rising COVID-19 cases within the country, persistent foreign institutional investor (FII) outflows, escalating geopolitical tensions between Russia and Ukraine, and market jitters ahead of the Reserve Bank of India’s upcoming monetary policy announcement.

As of 1 PM, the Sensex had declined by 193 points or 0.24%, settling at 81,258, while the Nifty slipped 61 points or 0.25%, to trade at 24,689.

Also Read: Nifty 50 Slips 0.61% on June 2 Amid Mixed Sectoral Cues

Top Gainers and Losers

Among the major drags on the indices were Ultratech Cement, Tech Mahindra, HDFC Bank, Titan, Tata Steel, Tata Motors, NTPC, Reliance Industries, Infosys, and TCS — all of which fell up to 1.4%.

On the other hand, Adani Ports, Mahindra & Mahindra, Eternal, Hindustan Unilever, Power Grid Corporation, and State Bank of India were the top gainers.

Reliance Power Shares Soared 8%

Shares of Reliance Power surged 8% on the BSE during Monday's intra-day session, reaching a seven-year high of ₹62.80, defying the broader market weakness. This marks the stock’s highest level since January 2018, underscoring renewed investor interest.

The rally follows a significant development on May 28, 2025, when Reliance Power’s subsidiary, Reliance NU Energies Private Limited, secured a major project win. The company received a Letter of Award (LoA) from SJVN Limited — a Navratna Central Public Sector Enterprise — for the development of a 350 MW inter-state transmission system (ISTS)-connected solar power project, integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS).

The project aligns with India’s growing push for renewable energy and battery storage infrastructure, and the award is seen as a key milestone in Reliance Power’s clean energy ambitions.

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