The Indian stock market experienced a three-day decline starting June 2, 2025, with key indices Sensex and Nifty falling sharply amid weak global cues and sectoral pressures. On June 2, Sensex tumbled as much as 800 points, and Nifty slipped below the 24,600 level, driven by losses in IT, metal, and financial stocks. The India VIX, a measure of market volatility, rose by up to 8% during the day. Bank Nifty initially hit a record high above 56,100 but later retreated significantly. On June 3, the downward trend continued with Sensex dropping over 700 points to fall below 81,000 and Nifty hovering around 24,550. The declines were attributed to weak global sentiment, tariff hikes, and sector-specific issues including a US probe into Adani Group stocks, which weighed on financial shares. Despite the broader market weakness, mid and small-cap stocks, as well as sectors like realty and fertilizers, showed relative strength. The market volatility was also reflected in the fluctuating India VIX, which cooled by 4% on June 3. Key contributors to the Nifty's decline included Bajaj FinServ and Coal India, while some realty and PSU bank stocks provided support near the close of trading.