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China’s May Caixin Manufacturing PMI dropped to 48.3, below the expected 50.7, marking its lowest level since September 2022.

Morgan Stanley lists 3 reasons why Swiggy shares could rise by 22%.

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Morgan Stanley gives Coal India a neutral rating with a target price of ₹450 per share.

They expect weak demand and low global coal prices to affect the company’s earnings in the first quarter and fiscal year 2026.

#CNBCTV18Market | #Jefferies‘ buy call on #AdaniPorts: Target price at ₹1,700/sh, Co intends to provide integrated logistics solutions, leveraging network of 15 ports. #DomesticPort volume growth will largely be organic. Capital allocation remains a focus pic.twitter.com/KAYDqAGnFv

— CNBC-TV18 (@CNBCTV18Live) June 3, 2025

Morgan Stanley recommends buying Eternal shares, setting a target price of ₹320 per share and naming it a top pick.

#CNBCTV18Market | #MorganStanley‘s overweight call on #Swiggy: Target price at ₹405/sh, improving execution in food delivery. Duopoly mkt, improved execution by co & margin gap to close vs Zomato (#Eternal) in food deliveryRevising quick commerce TAM estimates higher to $57 Bn… pic.twitter.com/Yl6TK3u5TJ

— CNBC-TV18 (@CNBCTV18Live) June 3, 2025

Gold rises further as trade concerns boost demand for safe-haven assets.

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Yes Bank shares are in focus as the board is to meet to discuss fund-raising and clarify rumours.

More Information#TradeDeal | Very optimistic about prospects for a trade deal between the US & India, trade negotiations have started on a positive note

Want to bring down Indian tariffs from 100% in some sectors to reasonable levels

US Commerce Secy @howardlutnick at #USISPFSummit2025… pic.twitter.com/9keykql9z9

— CNBC-TV18 (@CNBCTV18Live) June 3, 2025

Tuesday Cues

US markets gain despite US-China trade concerns

Shares of US steel makers surge 10-22% on doubling of import tariffs

EU: Doubling of steel tariffs undermines trade negotiations with the US

European Commission finalising ‘expanded countermeasures’ against the US

Measures may be effective July 14 or earlier

Crude oil up 3% as OPEC+ announces steady output increase

Asian markets see modest gains after Monday’s slide

Flows: DII Net Buy 5,313.76 crore in Cash; FII Net Sell 2,589.47 crore in Cash

The cues from last night

SPX +0.41%, Nasdaq +0.67%

Dollar Index -0.79% to 98.57

Brent Oil +1.8% to $65.07

Silver jumped over 5%, Gold rose towards $3380

ISM data contracted for a 3rd consecutive

The White House said President Trump & Chinese President Xi may speak this week

Companies to Watch Today: Grasim Industries, Adani Group, Aptus Value Housing, Biocon, and others.

Details Here

 #CNBCTV18Market | #GIFTNifty higher, trading at a premium of more than 40 pts from Nifty Futures Monday close, indicates a start in the green for the Indian market pic.twitter.com/k562uoGD67

— CNBC-TV18 (@CNBCTV18Live) June 3, 2025

Oil rose for a second day as a weakening dollar boosted the appeal of commodities priced in the currency and geopolitical ructions limited the chance of more supply from Russia and Iran.

here

Asian shares were off to a tepid start at the open Tuesday after a rebound in big tech drove US stocks higher.

A regional stock index swung between small gains and losses while equity-index futures for the US dipped 0.2%. Bonds were steady in early Asian trading and the dollar was little changed after hitting its lowest since 2023 in the last session. Technology shares helped lift the S&P 500 0.4% at the start of what’s historically one of its quietest months for gains.

here

The market bulls had a simple toss of the coin to choose from at the start of Monday’s trading session. They chose to play with both.

Read today’s Trade Setup here

The first half of Monday’s trading session saw the Nifty react adversely to global cues and fall to the lows of the day with declines of over 200 points.

It is then that the bulls stepped in a lead a recovery from the lows, as has been the case over the last month. The Nifty has not closed below 24,500 since May 9 and the bulls would want to protect that base.

Another important day beckons for the Indian equities today as despite being stuck in a range, the Nifty has been giving opportunities to trade on both sides of the spectrum.

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