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ensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 4 June 2026
Indian shares ended flat on Thursday as escalating U.S.-Iran hostilities and conflicting truce signals kept investors cautious ahead of a high-stakes central bank meeting, with war-fuelled inflation risks high on policymakers’ minds.
The benchmark Nifty 50 ended up 0.05% at 23,416.55, while the BSE Sensex gained 0.02% to 74,360.01.
The indexes have lost 2.6% and 2.8%, respectively, over seven sessions.
Among stocks, edtech major Physicswallah surged 15.7% after scrapping plans to lend directly to students and opting to partner with regulated non-bank lenders instead.
The rupee dropped 0.08% versus the U.S. dollar to 95.78, ahead of Friday’s all-important Reserve Bank of India monetary policy review, where traders are widely anticipating steps to support the currency.
Market Highlights
📈 Sensex: 74,360.01 ▲ 13.84 pts (+0.019%)
📈 Nifty: 23,416.55 ▲ 10.95 pts (+0.047%)
- June 4, 2026 16:06
Rupee closes marginally weaker ahead of crucial central bank rate review
The Indian rupee dipped on Thursday, extending a two-session decline, ahead of Friday’s all-important Reserve Bank of India monetary policy review, where traders are widely anticipating steps to support the currency.
Rupee closes marginally weaker ahead of crucial central bank rate review
Rupee closes slightly weaker at 95.7850 per dollar ahead of the Reserve Bank of India's pivotal rate review.
- June 4, 2026 15:47
BSE launches new index for 5-year Indian sovereign bonds
BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, today announced the launch of a new Index - BSE India 5 Year Sovereign Bond. The Index seeks to measure the performance of the Benchmark 5 Year Indian Sovereign Bond.
The BSE India 5 Year Sovereign Bond Index has a base value of 100, first value date is 27th April 2018, and it is reconstituted Monthly.
This new index can be used for running passive strategies such as ETFs and Index Funds. It can also be used for benchmarking of PMS strategies, MF schemes and fund portfolio.
- June 4, 2026 15:45
Stock market
After a negative opening, benchmarks ended flat. Sensex was up 13.84 pts or 0.02% to end at 74,360.01, Nifty 50 inched up 10.95 pts or 0.05% to 23,416.55.
- June 4, 2026 15:44
Commodities
Lead futures can rise to ₹212
Lead futures (₹207/kg) has been range-bound for nearly three weeks. Nevertheless, the broader uptrend stays valid and the likelihood for another leg of uptick is high.
Lead futures can rise to ₹212
Lead futures are poised to rise to ₹212; traders advised to maintain long positions with strategic stop-loss.
- June 4, 2026 15:43
Companies
Reliance traders said to game plan in case RBI raises rates
Traders in Reliance Industries Ltd.’s treasury department are strategising over where to park the company’s cash in case the Reserve Bank of India starts raising interest rates in the coming months.
Reliance traders said to game plan in case RBI raises rates
Reliance traders strategize to shift cash holdings amid potential RBI interest rate hikes, aiming for capital gains and reduced risk.
- June 4, 2026 15:43
Companies
Vedanta says no penalty imposed following ED search
The Enforcement Directorate (ED) has not imposed any penalty or restriction following searches conducted at Vedanta’s premises, the company said on Thursday.
Vedanta says no penalty imposed following ED search
“There is no impact on financial, operation or other activities of the company,” the miner said today.
- June 4, 2026 15:38
Meesho’s AI discovery engine PRISM now drives over 75% of orders
Meesho’s AI discovery engine PRISM now drives over 75% of orders
Meesho's AI engine PRISM now drives over 75% of orders, revolutionizing online shopping for India's next wave of consumers.
- June 4, 2026 15:36
Anil Godara, Founder and Managing Director, J Estates on RBI MPC expectations
We expect the RBI to keep the repo rate unchanged, as stability in borrowing costs remains important for the real estate sector. A steady interest rate environment supports buyer confidence by ensuring greater predictability in home loan repayments, which is particularly important for end-user demand.
For developers, policy continuity helps in financial planning, project execution and investment decisions without the uncertainty of fluctuating financing costs. At a time when the housing market continues to witness healthy demand, maintaining the current rate cycle could help to sustain momentum across the real estate market and support the sector’s long-term growth trajectory.
- June 4, 2026 15:35
Mr Aman Sharma, Managing Director and Founder, Aarize Group on RBI MPC
- We anticipate the RBI is likely to keep the repo rate unchanged as stability is important for sustaining economic momentum and long-term investment confidence.
- Policy consistency has a major role in supporting investment decisions, project planning and overall market sentiment. Over the past few years real estate has emerged as one of the most preferred asset classes. It is driven by strong end-user demand, rising aspirations for buyers and increasing interest from investors seeking stable and long-term returns. The sector has demonstrated resilience despite various economic challenges reflecting the fundamental strength.
- Holding rates at current levels would help to maintain the confidence in buyers and demand that continue to drive the sector forward.
- June 4, 2026 15:34
Kotak Mahindra Life Insurance Company Ltd. (“Kotak Life”) announced that it has appointed Amit Palta as Deputy Managing Director - Designate, subject to regulatory approval.
- June 4, 2026 15:31
Nokian Tyres advances IT transformation with AI‑led modernization in collaboration with TCS
Combining advanced AI capabilities with deep manufacturing domain expertise, TCS will support Nokian Tyres in driving innovation and sustainable business outcomes
- June 4, 2026 15:31
CMR Green Tech IPO was subscribed 7.55 times at 3.24 pm. QIBs: 0.12 times; NIIs: 18.56 times; Retail: 7.10 times; Employee portion: 6.01 times
- June 4, 2026 15:31
Ceigall India Signs Definitive Pact with Neo Infra Fund for CMASH Divestment
Transaction is valued at approximately ₹177 crore, marking a strategic asset divestment
- June 4, 2026 15:30
Raise Financial Services launches Millions - an investing focussed app for Gen Z and first-time investors
- June 4, 2026 15:29
Liberty General Insurance (LGI) recently launched Liberty Cyber Resolution™ in India
It is a comprehensive cyber insurance solution designed to help organisations address the growing complexity of cyber threats with greater confidence, clarity and long-term support. Liberty Cyber Resolution™ is a flexible, claims-led cyber insurance solution backed by 24/7 incident response support, dedicated cyber risk engineering capabilities, and specialised underwriting and claims expertise.
- June 4, 2026 15:28
Ms. Priya Agarwal Hebbar, Chairperson, Hindustan Zinc on World Environment Day 2025:
“At Hindustan Zinc, we believe the future of mining is about producing the metals the world needs while leaving a lighter footprint on the planet.
As India advances towards a Viksit Bharat, zinc and silver will play a vital role in enabling infrastructure, clean energy, and economic growth. Our responsibility is to ensure that this future is built on innovation, resource efficiency, and environmental stewardship.
From becoming one of the world’s most water-positive metals companies to scaling renewable energy, circular solutions, electric mobility, and low-carbon products, we are reimagining what sustainable mining can look like.
Because mining is not just about extracting resources—it is about creating lasting value. Value for the environment, for communities, and for the generations that will inherit the world we help shape.”
- June 4, 2026 15:27
RBI MPC expectations by Sameer Sawant, Research Analyst at Mirae Asset ShareKhan
- We believe that the RBI is likely to keep the repo rate unchanged while maintaining a neutral stance that shall allow it to have flexible approach in dealing with dynamic domestic and global macro environment.
- Retail inflation remains below the RBI’s 4% target; however, challenges emerge from concerns over rupee depreciation, recent fuel price hikes, potential food inflation from weather-related risks, and global commodity volatility.
- The central bank is expected to closely monitor the rupee and liquidity conditions rather than use interest rates aggressively to defend the currency. Inflation projections could be revised marginally upward while alterations to growth estimates would be monitorable, the emphasis is likely to remain on balancing growth support with price stability.
- Overall, the policy is expected to be status quo on rates, vigilant on inflation, and supportive of financial stability and growth
- June 4, 2026 15:15
Air India, Riyadh Air ink initial pact for codeshare partnership
Air India, Riyadh Air ink initial pact for codeshare partnership
Air India and Riyadh Air sign a codeshare agreement to enhance seamless travel between India and Saudi Arabia.
- June 4, 2026 15:08
"India important strategic ally; pretty close to getting trade agreement done": Marco Rubio
- June 4, 2026 15:06
Indri Whisky maker Piccadily launches travel retail-exclusive ‘Ilika’ at $80
Indri Whisky maker Piccadily launches travel retail-exclusive ‘Ilika’ at $80
Piccadily launches travel retail-exclusive Indri Ilika whisky, matured in unique casks, priced at $80 for global travelers.
- June 4, 2026 15:00
TVS SCS, Italy’s ALA Group form aerospace and defence JV; target ₹2,000 crore revenue in 3-5 years
TVS SCS, Italy’s ALA group form aerospace JV, eyes ₹2,000 Cr revenue
TVS SCS and Italy’s ALA Group form a joint venture in aerospace and defense, targeting ₹2,000 crore in revenue.
- June 4, 2026 14:58
Kings Infra Ventures has allotted NCDs aggregrating to Rs 49 lakh
- June 4, 2026 14:47
Maruti Suzuki launches India's 1st Flex Fuel car
Shares flat at Rs 13,110 on the NSE.
- June 4, 2026 14:47
Shree Refrigerations has secured two purchase orders total amounting to Rs. 2.54 crore.
- June 4, 2026 14:47
BHEL (Bharat Heavy Electricals Limited) shares experienced a sudden drop of over 4% to ₹388
The decline was driven by a rating downgrade from brokerage firm UBS and general profit-booking. This dip occurred despite the state-owned engineering giant announcing a major international awarded of INR 3K CR contract
- June 4, 2026 14:40
Tata Group-owned bigbasket elevates Seshu Kumar Tirumala as COO
Tata Group-owned bigbasket elevates Seshu Kumar Tirumala as COO
Seshu Kumar Tirumala is appointed COO of bigbasket, leading operations to enhance quick commerce and customer experience.
- June 4, 2026 14:40
Tata Communications stock rises 2%; new study exposes AI infrastructure gap in global enterprises
Tata Communications stock rises 2%; new study exposes AI infrastructure gap in global enterprises
Tata Communications stock rises 2% as a study reveals significant AI infrastructure gaps in global enterprises, impacting adoption and growth.
- June 4, 2026 14:32
Symphony Ltd has completed the transfer of 100 per cent equity stake in Bonaire USA LLC and intellectual property rights from Climate Technologies Pty Limited (CTPL),
- The company said the transaction was completed through execution of the relevant agreements. An aggregate consideration of AUD 7.6 million, or around ₹52 crore, was remitted to CTPL during the current week.
- Of the total amount, AUD 4.3 million, or about ₹30 crore, was paid towards acquisition of the entire stake in Bonaire USA LLC, while AUD 3.3 million, or around ₹22 crore, was paid for transfer of intellectual property rights.
- Shares inched up 0.99% on the NSE to Rs 696.90.
- June 4, 2026 14:22
BIS studying implementation challenges for mandatory silver hallmarking, says DG
BIS studying implementation challenges for mandatory silver hallmarking, says DG
BIS explores challenges of mandatory silver hallmarking, aiming for a gradual implementation to ensure purity verification for buyers.
- June 4, 2026 14:20
2:15 p.m. Market Update
📈 Sensex: 74,382.01 ▲ 35.84 pts (+0.048%)
📈 Nifty: 23,424.65 ▲ 19.05 pts (+0.081%)
- June 4, 2026 14:16
Westlife Foodworld launches new brand campaign - ‘Let’s Family at McD’
Westlife Foodworld, which owns and operates McDonald’s India restaurants across West and South India, has unveiled an all-new brand campaign - ‘Let’s Family at McD’, anchored in a vibrant brand anthem, written by renowned writer and lyricist Prasoon Joshi.
- June 4, 2026 14:14
L&T to invest ₹18,600 cr in Tamil Nadu, signs MoU in presence of CM Vijay
L&T to invest ₹18,600 cr in Tamil Nadu, signs MoU in presence of CM Vijay
L&T signs ₹18,600 crore MoU with Tamil Nadu, promising over 8,000 jobs and boosting the state's economic growth.
- June 4, 2026 14:09
Meesho's PRISM Brings Intent-Driven Discovery to 264 Million Indians.
Meesho, India’s largest e-commerce platform by Annual Transacting Users and Placed Orders, revealed the growing impact of PRISM (Personalised Ranking & Intent Signal Module), its proprietary AI intelligence system designed to transform how millions of Indians discover products, shop online, and engage across the platform.
- June 4, 2026 14:07
Marcellus Investment Managers GIFT launch Global Equities Fund NFO for Indian Retail Investors
Marcellus Investment Managers Private Limited-GIFT IFSC, regulated by the International Financial Services Centres Authority (IFSCA), today announced the launch of the Marcellus Global Equities Fund, a retail scheme designed to give Indian investors direct access to world-class global businesses. The New Fund Offer (NFO) opens on June 8, 2026, and closes on June 19, 2026.
Indian investors today earn in rupees but increasingly live, aspire, and plan in dollars — from foreign education and global travel to technology and luxury goods. Yet most Indian portfolios remain entirely domestic, with little to no exposure to the world’s largest and most resilient equity markets. The Marcellus Global Equities Fund enables Indian residents and corporates to build dollar-denominated wealth within a regulated Indian framework, without routing money abroad individually.
- June 4, 2026 14:07
Vodafone Idea And Meta Partner To Deliver Safer, Faster Verification For Vi Users Across Meta Platforms
Vodafone Idea And Meta Partner To Deliver Safer, Faster Verification For Vi Users Across Meta Platforms- Statement
(Reuters)
Shares up 1% on the NSE to Rs 15.04.
- June 4, 2026 14:07
Silver drops in futures trade on weak global cues, inflation worries
Silver drops in futures trade on weak global cues, inflation worries
On the MCX, the white metal for July delivery depreciated by ₹621, or 0.24%, to ₹2,62,337 per kg in a business turnover of 11,830 lots.
- June 4, 2026 14:02
InfoBeans Tech received ISO certification
InfoBeans Technologies has officially received the ISO/IEC 42001:2023 certification - the world’s first international standard for Artificial Intelligence Management Systems (AIMS).
Shares traded at Rs 167.54 on the NSE, down 2%
- June 4, 2026 14:01
Hindalco Industries launches Eternia experience centre in Lajpat Nagar, New Delhi
Hindalco Industries announced the launch of its flagship Eternia experience centre in Lajpat Nagar, New Delhi. It is also strengthening its manufacturing presence in North India with the Bilaspur manufacturing facility.
Shares traded at Rs 1,124.60 on the NSE, down 1%
- June 4, 2026 13:27
Stock Market Live: ESAF Small Finance Bank appoints G Narasimha Murthy as Chief Risk Officer for three years, effective August 1
ESAF Small Finance Bank has appointed G Narasimha Murthy as Chief Risk Officer, Senior Management Personnel of the Bank, for a period of three years with effect from August 01, 2026
- June 4, 2026 13:25
Stock Market Live: Satin Creditcare to issue ₹100 crore convertible warrants to promoters at ₹260 each
Satin Creditcare Network board approved Issue and allotment of Fully Convertible Warrants to entity belonging to “Promoter & Promoter Group” category, on a preferential basis, aggregating up to Rs 100.10 crore at an issue price of Rs 260 each.
- June 4, 2026 13:23
Stock Market Live: Rajesh Exports clarifies SEBI order has no adverse findings; stock remains at lower circuit
Rajesh Exports, in a clarification issued to stock exchanges, said the interim order issued by the SEBI does not contain any adverse conclusion and asserted that the revenues declared by the company are correct. Stock continues to trade at the lower circuit.
- June 4, 2026 13:18
Vibhor Steel Tubes approves wholly-owned subsidiary for infrastructure steel products
Vibhor Steel Tubes approves wholly-owned subsidiary for infrastructure steel products
Vibhor Steel Tubes launches Viyom Steel Infra to produce infrastructure steel products, enhancing its market presence.
- June 4, 2026 13:12
Stock in focus: PhysicsWallah scraps in-house lending plan, stock surges 15%
Physicswallah shares jump 15% after pivoting from in-house lending to NBFC partnerships
Physicswallah shelved its lending arm FinZ Finance, shifting to NBFC partnerships for student loans. Stock surged over 15% on NSE amid strategy reversal.
- June 4, 2026 12:56
Share market live: Markets claw back losses by midday; IT drags, energy and pharma gain
Markets claw back losses by midday; IT drags, energy and pharma gain
Market rebounds by midday with IT struggling, while energy and pharma sectors gain; RBI policy decision looms ahead.
- June 4, 2026 12:52
NFO Updates: Marcellus launches Global Equities Fund for Indian investors; NFO opens June 8
Marcellus Investment Managers Private Limited-GIFT IFSC, regulated by the International Financial Services Centres Authority (IFSCA), today announced the launch of the Marcellus Global Equities Fund, a retail scheme designed to give Indian investors direct access to world-class global businesses. The New Fund Offer (NFO) opens on June 8, 2026, and closes on June 19, 2026.
- June 4, 2026 12:48
Stock Market Live: Ceigall subsidiary inks share purchase deal with Neo Infra Income Opportunity Fund worth Rs 177 crore
Ceigall Malout Abohar Sadhuwali Highways Private Limited, a step-down subsidiary of Ceigall India Limited held through Ceigall Infra Projects Private Limited, a wholly owned subsidiary of Ceigall India Limited, have entered into a Share Purchase Agreement with Neo Infra Income Opportunity Fund, managed by Neo Alternative Asset Managers Private Limited.
Consideration + Cash surplus: Rs. 177 crores subject to adjustments as agreed between the parties.
- June 4, 2026 12:43
Stock Market Live: L&T signs MoU for ₹18,600 crore projects in Tamil Nadu; shares steady at Rs 3,948 on NSE
Larsen & Toubro (L&T) shares flat at Rs 3,948 on the NSE.
An MoU was signed in the presence of Tamil Nadu CM Vijay, for the implementation of three projects by Larsen & Toubro (L&T) in Tamil Nadu. The projects involve a committed investment of Rs 18,600 crore and are expected to generate employment opportunities for 8,200 people.
- June 4, 2026 12:39
Stock Market Live: Persistent Systems partners with Databricks, MSOE for AI engineering talent initiative
Persistent Systems and Enterprise Modernization leader, collaborated on an AI engineering talent initiative with Databricks and the Milwaukee School of Engineering (MSOE) to help strengthen the next generation of enterprise-ready AI talent.
- June 4, 2026 12:39
Stock Market Live: Jubilant Agri & Consumer Products jumps 8% as Vadodara unit begins partial polymer production
Jubilant Agri & Consumer Products stock traded 8% higher at Rs 1,876 on the NSE at 12.33 pm, hitting a high of Rs 1,917.60. The company partially commenced commercial production of polymer (adhesive) at its Vadodara unit
- June 4, 2026 12:29
Stock Market Live: CMR Green Tech IPO subscribed 4.85 times by midday on Day 2; strong demand from NIIs and retail investors
CMR Green Tech IPO has been subscribed 4.85 times at 12.24 pm on Day 2. QIBS: 0.06 times; NIIs: 11.25 times; Retail: 4.84 times ;employee portion 4.94 times
- June 4, 2026 12:29
Stock Market Live: Angel One appoints Ajit Narayanan as Chief Technology Officer, effective June 8
Angel One informed the appointment of Ajit Narayanan as ChIef Technology officer of the company w.e.f. Jun 08, 2026
- June 4, 2026 12:22
Weather updates: Indian monsoon reaches Kerala, three days later than usual
Monsoon rains hit the coast of India’s southernmost state of Kerala on Thursday, three days later than usual, the weather office said, offering respite from a gruelling heatwave that had raised power demand to a record high.
The June-September monsoon rains, critical for economic growth in Asia’s third-largest economy, usually begin to lash Kerala around June 1 before covering the entire country by mid-July, allowing farmers to plant crops such as rice, corn, cotton, soybeans and sugarcane. - Reuters
- June 4, 2026 12:21
Titan, Kalyan Jewellers, Thangamayil, Vedanta, Hindustan Zinc in focus for second session after silver import curbs
Titan, Kalyan Jewellers, Thangamayil, Vedanta, Hindustan Zinc in focus for second session after silver import curbs
Shares of listed jewellery makers and metal companies remained in focus for the last two trading sessions after the government tightened silver import regulations by making Directorate General of Foreign Trade (DGFT) authorisation mandatory for eligible importers.
- June 4, 2026 12:20
Stock Market Live: Sensex, Nifty edge higher in midday trade
Sensex inched up 143.78 pts or 0.19% to 74,489.95 at 12.17 pm, and Nifty 50 inched up 37.95 pts or 0.16% to 23,443.55.
- June 4, 2026 12:19
Stock Market Live: BW LPG Shipping exits Confidence Petroleum India; completes full stake divestment
BW LPG Shipping FZCO (formerly BW LPG Infrastructure DMCC) (”Investor”) has divested and transferred its entire shareholding/investment in Confidence Petroleum India Limited.
- June 4, 2026 12:19
Stock Market Live: Vibhor Steel Tubes to set up wholly-owned subsidiary Viyom Steel Infra
Vibhor Steel Tubes: Approved the Incorporation of Wholly-Owned Subsidiary Company in the name and style of Viyom Steel Infra Private Limited.
- June 4, 2026 12:16
Stock Market Live: Indri launches Ilika single malt whisky for travel retail, showcasing subtle peat and cask craftsmanship
Indri Single Malt Indian Whisky announced the launch of Indri Ilika, an exclusive travel retail expression that celebrates the art of subtle peat, layered complexity and exceptional cask craftsmanship.
- June 4, 2026 12:14
Share market live: Money market volumes hit record high as bank lending booms
Money market volumes hit record high as bank lending booms
India's money market hits record high of 5.5 trillion rupees as bank lending surges amid strong credit demand.
- June 4, 2026 12:04
Share market live: RateGain Travel Technologies partners with BoxPay to simplify travel and hospitality payments and reconciliation through RG Pay
- June 4, 2026 12:04
Commodities update: Aluminium futures fall on low demand
Aluminium prices declined marginally to Rs 392.55 per kilogram in futures trade on Thursday as participants trimmed their positions amid a weak trend in spot markets.
On the Multi Commodity Exchange, aluminium for delivery in June fell by 45 paise, or 0.11 per cent, to Rs 392.55 per kg in 4,117 lots.
Analysts said the cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower. - PTI
- June 4, 2026 11:59
Commodities update: Zinc edges lower in futures trade on profit-booking
Zinc prices slipped by 35 paise to Rs 372.95 per kilogram in futures trade on Thursday as traders booked profits after recent gains, despite a positive trend in the overseas markets.
On the Multi Commodity Exchange (MCX), the most-traded contract for June fell by 35 paise, or 0.09 per cent, to Rs 372.95 per kg in a business turnover of 2,847 lots.
Market participants said the decline was largely driven by profit-booking at prevailing levels, although firm global trend limited the downside. - PTI
- June 4, 2026 11:50
Associated Alcohols & Breweries Expands East India Presence with Strategic Entry into Odisha
Associated Alcohols & Breweries Limited (AABL) (BSE: 507526 | NSE: ASALCBR), the flagship alco-beverage company of the Associated Kedia Group, has announced its strategic entry into the Odisha market, marking the company’s presence in its 13th state across India. This expansion further strengthens AABL’s growth strategy focused on high-potential and rapidly evolving alco-beverage markets in the country.
Odisha is emerging as one of India’s fastest-growing alco-beverage markets, with consumption levels exceeding the national average and strong demand witnessed across key cities including Bhubaneswar, Cuttack, Rourkela, and Sambalpur. Factors such as rapid urbanisation, increasing disposable incomes, and a rising preference for premium spirits are driving sustained market growth in the state
- June 4, 2026 11:49
Stock Market Live: 360 ONE Mutual Fund launches DynaSIF Equity Ex-Top 100 Long-Short Fund; NFO opens June 5
360 ONE Mutual Fund today announced the launch of the DynaSIF Equity Ex-Top 100 Long-Short Fund, under its Specialised Investment Fund (SIF) segment, DynaSIF. It is an open-ended Equity SIF strategy designed with an aim to generate long-term capital appreciation through structural, cyclical, and tactical investing opportunities primarily in mid- and small-cap equities. It also offers the flexibility to take limited short exposure to equities through derivatives of stocks other than large-cap stocks. The NFO opens on 5th June, 2026 and closes on 19th June, 2026.
- June 4, 2026 11:49
Stock Market Live: Thangamayil Jewellery opens new Chennai branches; shares surge 7% on NSE
Thangamayil Jewellery announced opening of New Branches at Neelankarai and Pallavaram, Chennai, Tamil Nadu
Shares traded 7% higher at Rs 5,161 on the NSE
- June 4, 2026 11:49
MPC Expectations: Ajitabh Bharti, Co-founder and Executive Director of CapitalXB
The upcoming policy is likely to deliver a status quo on rates, accompanied by a distinctly hawkish tone. While growth remains reasonably resilient, the balance of risks on the inflation front argues against premature easing. Food price volatility, uneven monsoon distribution risks, and still-elevated core inflation momentum suggest that disinflation is neither broad-based nor durable enough to warrant policy accommodation.
Currency dynamics add another layer of caution. Recent rupee depreciation, in the context of a firm dollar and shifting global rate expectations, raises the risk of imported inflation—particularly through energy and other traded commodities. Geopolitical uncertainties, including ongoing conflicts and supply disruptions, further complicate the outlook by keeping commodity prices volatile and risk premia elevated. In such an environment, a premature easing could exacerbate external vulnerabilities and destabilize capital flows.
From a macro-financial perspective, liquidity conditions have been tighter than headline measures imply, and transmission from past rate hikes is still unfolding through credit markets. Bank credit growth remains strong but increasingly concentrated, raising concerns about localized overheating.
A hawkish hold therefore balances competing objectives: preserving credibility on inflation, managing external risks, and retaining policy flexibility. Communication is likely to stress vigilance, data dependence, and readiness to respond to both inflation surprises and external shocks, rather than signaling any near-term easing bias.
- June 4, 2026 11:41
RBI likely to maintain status quo with neutral stance amid inflation and currency risks: Analyst opinion
Sameer Sawant, Research Analyst at Mirae Asset ShareKhan
RBI Monetary Policy expectation: We believe that the RBI is likely to keep the repo rate unchanged while maintaining a neutral stance that shall allow it to have flexible approach in dealing with dynamic domestic and global macro environment. Retail inflation remains below the RBI’s 4% target; however, challenges emerge from concerns over rupee depreciation, recent fuel price hikes, potential food inflation from weather-related risks, and global commodity volatility. The central bank is expected to closely monitor the rupee and liquidity conditions rather than use interest rates aggressively to defend the currency. Inflation projections could be revised marginally upward while alterations to growth estimates would be monitorable, the emphasis is likely to remain on balancing growth support with price stability. Overall, the policy is expected to be status quo on rates, vigilant on inflation, and supportive of financial stability and growth.
- June 4, 2026 11:34
Stock Market Live: Tata Communications-Bloomberg report finds enterprises face hurdles in scaling AI due to tech debt
New report from Tata Communications and Bloomberg Media Studios reveals that enterprises aren’t struggling to adopt AI — they are struggling to scale it due to foundational tech debt.
- June 4, 2026 11:33
Stock Market Live: Nokian Tyres partners with TCS for AI-driven IT transformation; TCS shares steady at Rs 2,228.80 on NSE
Nokian Tyres advances IT transformation with AI-led modernization in collaboration with TCS
TCS shares flat at Rs 2,228.80 on the NSE.
- June 4, 2026 11:30
Stock Market Live: Kirloskar Ferrous gets NCLT nod for Oliver Engineering, Adicca Energy merger; shares flat at Rs 425.10 on BSE
Kirloskar Ferrous Industries stock traded flat at Rs 425.10 on the BSE. NCLT approved the merger of Oliver Engineering and Adicca Energy with the company
- June 4, 2026 11:28
Stock Market Live: Ramco Cements gets relief as excise duty dispute dropped; shares rise 1% to Rs 872 on NSE
Ramco Cements informed that the matter pending before the Original Authority relating to the disputed levy of Excise Duty based on MRP for bagged cement amounting to Rs.1.60 crores has been dropped vide Order dated 3rd June 2026
Shares up 1% on the NSE to Rs 872.
- June 4, 2026 11:28
Stock Market Live: TVS Supply Chain inks JV with A.L.A Corporation; shares up 2.5% on NSE
TVS Supply Chain Solutions has approved the execution of a Joint Venture Agreement with A.L.A Corporation for the purpose of further investment of up to Rs 10.19 crore in TVS Packaging Solutions Private Limited.
Shares rise 2.5% to Rs 119.83 on the NSE
- June 4, 2026 11:27
Stock Recommendation: UBS on PB Fintech
Recommendation Sell; Target ₹1660
Management stated potential commission caps could significantly affect distributor economic
Regulatory overhang persists- 1% lower take rate impacts 3-4% profitability
While unclear, they may consider becoming a manufacturer or operating as an MGA
- June 4, 2026 11:27
Stock Recommendation: UBS on Shaily Engineering Plastics
Recommendation Buy; Target ₹4000
Readacross for Shaily from Delhi High Court direction to CDSCO on Zydus semaglutide approval
Potential change in vendor could open opportunity for Shaily
After a diabetes patient alleged that Zydus had departed from global practice of pre-filled, precalibrated pen devices
Opportunity could open up with some pharma majors
- June 4, 2026 11:27
Stock Recommendation: ICICI Securities on Aarti Industries
Recommendation Add; Target ₹520
Has integrated business model and structural capabilities to scale adjacent chemistries
Compelling pipeline of long-term contracts and pivot to high-margin products
Competitive pressures from China stabilising and healthier capital discipline, the worst appears is behind
Key volume driver is MMA, a clean octane booster
See asset optimisation and capital discipline as key re-rating catalyst
- June 4, 2026 11:27
Stock Recommendation: Morgan Stanley on Grasim
Recommendation Overweight; Target ₹3900
Plans to continue scaling up the business given its capital-light model
Discounting is being rationalized gradually, while dealer incentives stay higher
1Q-F27 should see some inventory gains
Plant stabilization, product ramp-up, dealer deepening, price hikes/narrowing of the gap vs. industry should drive strong revenue growth in F27
- June 4, 2026 11:26
Stock Recommendation: Morgan Stanley on Lodha Developers
Recommendation Equal-Weight; Target ₹1130
Expects FY27 collection growth to be stronger than pre-sales
Lodha generates 10-12% of its sales from NRIs, one third of which used to come from the Middle East, which has seen some impact
Guidance of FY27 pre-sales of Rs 240 billion (+17% year-on-year) is maintained
- June 4, 2026 11:26
Stock Recommendation: Morgan Stanley on Prestige Estates
Recommendation Overweight; Target ₹1920
Investors are concerned about rising gearing (F26 net debt/equity ratio of 65%)
Pending capex (on IP business) of Rs72 billion over the next 3-4 years
Less than 10% of the pre-sales (Rs300bn) in F26 is from NRIs and a very small percentage is from the Middle East
No major impact on macro-slowdown
IP Net Operating Income to grow from Rs 9 billion in F26 to Rs45 billion by F30
- June 4, 2026 11:26
Stock Recommendation: Morgan Stanley on Phoenix Mills
Recommendation Overweight; Target ₹2000
April/May (2MF27) consumption growth is tracking well and similar to 4QF26 (+31% YoY), without any signs of slowdown from macro concerns or lower gold prices
F27 rental growth should benefit from 90%+ PMC mall occupancy and 2msf of office completions starting 2QF27
Retail rentals could grow at a mid-teens rate
Net debt/EBITDA is capped at 2x (F26 at 1.19x)
- June 4, 2026 11:26
Stock Recommendation: Morgan Stanley on OMCs
Believe India’s fuel retailers should outperform
HPCL remains top pick
Energy security is paramount and policymakers are acting in ways that surprised consensus
See more surprises ahead as the playbook of last decade realigns in favour of dependable energy
Indian fuel retailers are most levered plays to improving energy supplies beyond the oil shock
Staggered fuel price increases during energy shocks have marked the bottom of P/B valuation
- June 4, 2026 11:25
Sectoral Recommendation: CLSA on Indian IT
For Infosys, the proportion of junior employees has reduced to 30% of the overall employee pool in FY26
Similarly, the proportion of young employees (<30 years) for Infosys has been declining for the last three years and stood at 51% of the total employee pool as of FY26, down from 60% in FY23
Fresher hiring targets remain the same for next year and are similar to last year
TCS plans to hire 40k freshers, Infosys 20k and Cognizant 20k in FY27
AI is creating the need for more specialised talent at higher salaries across employee levels
Infosys now hires new engineers with higher skillsets at salaries up to Rs 2.1 million
TechM has categorised its employees into white, blue, brown and black belts around their reskilling efforts
Hiring practices are evolving due to AI with IT service companies also hiring via hackathons
- June 4, 2026 11:24
Stock Recommendation: Morgan Stanley on Healthcare
Rising NCD burden, bed shortages and fragmentation drive growth for corporate hospitals
Apollo targets mid-teens growth via expansion, clusters, integration
CDMO outlook remains strong with 15-20% revenue CAGR and ~28-30% margins, supported by capacity expansion, diversified pipelines and large-pharma partnerships
Indian pharma growth remains driven by domestic chronic therapies, specialty products and biosimilars, with companies continuing to outperform IPM growth
US growth is shifting toward complex generics, specialty drugs and biosimilars
R&D investments remain focused on differentiated pipelines
- June 4, 2026 11:24
Stock Recommendation: Motilal Oswal on RR Kabel
Maintains Neutral rating with a revised target price of ₹2,020 (up from ₹1,620)
Reports healthy demand across key end-user segments despite expected near-term moderation due to the West Asia crisis
Projects near-term revenue growth to be price-led, fueled by elevated copper and aluminum costs
Continues investment phase for the FMEG segment, focusing on kitchen appliances and premium categories with a breakeven target by FY27
Anticipates strong C&W revenue growth supported by higher raw material prices
Expects rising competitive intensity in the sector following the anticipated entry of Ultratech by 4QFY27
Upgrades FY27/28E EPS estimates by 9%/12% respectively, factoring in improved raw material pricing and better margins
- June 4, 2026 11:24
Stock Recommendation: Nuvama on Bluestone Jewellery
Targets ₹12,000 crore revenue by FY30, implying around 50% CAGR
Growth plan driven by 30% same-store growth and aggressive store network expansion
Current network of 340 stores is targeted to more than double
Lifestyle jewellery remains the primary growth focus, outpacing wedding jewellery
Over 50% of existing stores are under three years old, with older cohorts delivering stronger profitability and return ratios
Future earnings to be driven by increasing store maturity
Customer repeat rates improved significantly via structured savings programs
Average order values increased sharply, reflecting stronger spending trends
E-commerce, physical stores, and omnichannel capabilities continue scaling in tandem
95% of manufacturing is done in-house, supporting operational control and efficiency
Existing manufacturing infrastructure is sufficient to support FY30 revenue targets without major expansion
- June 4, 2026 11:23
Asian market trends: -Indonesian stocks sink to 2020 lows, rupiah breaches 18,000
Indonesian stocks plunged 5% to their lowest in more than five years on Thursday, while the rupiah breached the 18,000 level as a shrinking trade surplus due to elevated oil prices exacerbated concerns over the country’s already deteriorating fundamentals. - Reuters
- June 4, 2026 11:05
Share Market Live: Suven Life Sciences gets positive safety review for Masupirdine Phase 3 trial; study to continue as planned
Suven Life Sciences Reports Positive DSMB Safety Review and Interim Analysis from Ongoing Global Phase 3 Study of Masupirdine in Alzheimer’s Disease Agitation at 50% study completers Study to Continue Unchanged
- June 4, 2026 11:04
Stock market updates: How the markets could react to RBI's policy call
How the markets could react to RBI's policy call
Explore potential market reactions to the RBI's upcoming rate decision amid rising oil prices and inflation concerns.
- June 4, 2026 10:55
Stock market updates: J&K Bank wins Finacle award for AI-driven analytics platform
J&K Bank wins Finacle award for AI-driven analytics platform
J&K Bank wins a Gold award for its AI-driven analytics platform at the Finacle Innovation Awards 2026 in Mumbai.
- June 4, 2026 10:55
Stock Market Live: JBM Auto, Force Motors, IIFL, Data Patterns lead smallcap gainers; Zensar Tech, Meesho among top losers
Smallcap movers: Gainers - JBM Auto (+5.81%), Force Motors (+5.38%), IIFL (+5.08%), Data Patterns (+4%)
Top losers: Zensar Tech (-4.84%), Meesho (-3.11%), Anand Rathi (-2.38%), BLS (-2.27%)
- June 4, 2026 10:49
Nifty today: Top gainers, losers at this hour of trade
Top gainers of Nifty midcap 100: Hitachi Energy (+5.13%), Voltas (+4.84%), Blue Star (+4.16%), ATGL (+3.54%)
Top losers: National Aluminium (-3.73%), SAIL (-2.58%), VMM (-1.49%), SBI Cards (-1.10%)
- June 4, 2026 10:48
India Inc. Posts 14% Profit Growth Despite Energy Shock, FY27 Outlook Remains Strong: Emkay Global Financial Services.
Emkay Global in its latest India Strategy report on Q4FY26 earnings cited that Indian corporates closed FY26 on a resilient note, posting a second consecutive quarter of strong earnings growth despite escalating geopolitical tensions and energy market volatility. Robust topline expansion, broad-based sectoral participation, healthy cash flows, and resilient balance sheets have strengthened the earnings outlook for FY27, positioning Indian equities for another year of growth.
Seshadri Sen, Head of Research and Strategist at Emkay Global , said, “The Q4FY26 earnings season reinforces the strength and resilience of Corporate India. Despite a challenging global backdrop marked by geopolitical uncertainty and elevated energy prices, Indian companies have delivered another quarter of healthy earnings growth supported by strong fundamentals and improving business activity. What is particularly encouraging is the broad-based nature of this recovery, with multiple sectors and market segments contributing to growth. Healthy cash generation, strong balance sheets and improving profitability provide a solid foundation for FY27. While external risks remain, the overall earnings trajectory continues to support confidence in India’s long-term growth story and the attractiveness of Indian equities.”
Despite these positives, the report flags a slowdown in corporate capital expenditure as an area of concern. Capex growth moderated sharply to 9% in FY26 from 18% in FY25, even as cash generation improved. The slowdown was most pronounced in Energy and Utilities, raising questions around the pace of investment-led growth in the near term.
- June 4, 2026 10:41
Stock Market Live: South West Pinnacle empanelled by Oil India for seismic data services; shares gain 3% on NSE
South West Pinnacle Exploration has been empanelled by Oil India Limited for providing 2D/3D Seismic Data Acquisition Services across OIL’s onshore acreages in India
Shares traded 3% positive at Rs 270.’
- June 4, 2026 10:36
IEX shares rise 2% after May electricity trade volumes jump
Shares of Indian Energy Exchange (IEX) rose 2 per cent on the BSE to ₹125.75 after the company reported an 18.6 per cent year-on-year increase in electricity trade volumes for May.
IEX shares rise 2% as May electricity volumes surge
Shares of Indian Energy Exchange (IEX) rose 2% on the BSE to ₹125.75 after the company reported an 18.6% YoY increase in electricity trade volumes for May
- June 4, 2026 10:32
Nifty Prediction Today – June 4, 2026: Nifty futures: Intraday rally on the cards, go long
Nifty 50 opened with a gap-down at 23,282 today versus Wednesday’s close of 23,406. However, the index recouped the loss in the first hour of the trade and is now hovering around 23,430, up 0.1 per cent.
Nifty Prediction Today – June 4, 2026: Nifty futures: Intraday rally on the cards, go long
Nifty futures show potential for an intraday rally, recommending long positions with targets at 23,640 today.
- June 4, 2026 10:31
Audio book platform Kuku files confidential papers for up to ₹3,500-cr IPO
Kuku Technologies Ltd, which operates vernacular audio platform Kuku FM and short-video streaming app Kuku TV, has filed confidential draft papers with Sebi for an IPO to raise up to ₹3,000 crore, according to sources.
Audio book platform Kuku files confidential papers for up to ₹3,500-cr IPO
Kuku Technologies Ltd, which operates vernacular audio platform Kuku FM and short-video streaming app Kuku TV, has filed confidential draft papers with Sebi for an IPO to raise up to ₹3,000 crore, according to sources.
- June 4, 2026 10:27
India EV bus registrations fall 7% in May; JBM Auto captures nearly half the market
India’s electric bus registrations declined 7.2 per cent month-on-month in May 2026, reflecting persistent infrastructure and financing bottlenecks in the country’s public transport electrification push even as JBM Auto emerged as the strongest performer with a sharp jump in deployments.
India EV bus registrations fall 7% in May; JBM Auto captures nearly half the market
India's EV bus registrations fell 7% in May, with JBM Auto capturing nearly half the market amid persistent infrastructure challenges.
- June 4, 2026 10:26
Rupee trades in narrow range against US dollar in early trade
The rupee traded in a narrow range against the US dollar in early trade on Thursday as rising equity outflows and dimming prospects of US-Iran truce renewed pressure on the domestic unit.
Rupee trades in narrow range against US dollar in early trade
Rupee trades narrowly against the dollar at 95.70, amid rising equity outflows and concerns over the West Asia crisis.
- June 4, 2026 10:24
BHEL shares dip; announces Nigeria contract win worth up to ₹2,500 crore
Shares of Bharat Heavy Electricals Limited (BHEL) opened higher on Thursday but reversed course in early trade even as the state-owned engineering giant disclosed a major international contract with Nigeria’s Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise.
BHEL shares dip despite ₹2,500 Cr Nigeria contract win
BHEL shares dip despite winning a ₹2,500 crore contract in Nigeria, revealing mixed investor sentiment and strong annual performance.
- June 4, 2026 10:23
Titan shares up 1.5% after CEO signals premium watch focus
Shares of Titan Company Limited were trading up 1.47 per cent at ₹4,149 on the NSE on Thursday morning, hitting an intraday high of ₹4,154 against a previous close of ₹4,088.80. Buy orders accounted for 55 per cent of early trade volume, with the stock having returned 18.61 per cent over the past year against the Nifty 50’s negative 5.15 per cent in the same period.
Titan shares rise 1.5% as CEO Bets Big on Premium Watches
Titan shares rise 1.5% as CEO invests in premium watches and expands Helios retail chains to boost growth.
- June 4, 2026 10:22
Physicswallah revamps lending strategy; ties up with leading third-party NBFCs to enable student lending needs
Physicswallah has informed the exchanges that it is restructuring its lending strategy and has tied up with multiple leading regulated third-party NBFCs to enable student lending needs.
Physicswallah had recently announced investment of approximately ₹120 crore through an equity-infusion in its fully-owned subsidiary FinZ Finance Private Ltd.
Its shares are up 1% to Rs 92.96 on the NSE
- June 4, 2026 10:20
Mangal Electrical said Pawan Mendiratta has resigned as Chief Financial Officer of the company with effect from June 3, 2026 Shares traded at Rs 315.50 on the NSE, down 1%
- June 4, 2026 10:13
*Researchbytes Analyst App *
Recent Interview...
As of 18:34 PM Wednesday 03 June 2026
Borosil .: Pradeep Kheruka, Chairman
Solar Glass Imports From Malaysia Face Fresh Duties | Borosil Sees Positive Impact
https://www.youtube.com/watch?v=pZOmS2l90y0
KEI Industries: Anil Gupta, CMD
Copper Volatility, Competition & Capex Boom: KEI Industries’ Big FY27-FY28 Outlook
https://www.youtube.com/watch?v=t7xyrOpEFZM
PREMIER ENTERPRI: Vinay Rustagi, Chief Business Officer
Premier Energies: West Asia Crisis Increases Demand For Alternate Energy Solutions | Co. Eyes IPO
https://www.youtube.com/watch?v=iKDzhZ7aHqA
SBI: CS Setty, MD
“Don’t Look At Selloffs” SBI Chairman’s Big India 2047 Vision | CS Setty | India Growth Story
https://www.youtube.com/watch?v=Zp1T3evOyag
Suzlon Energy: Girish Tanti, NA
Suzlon Eyes 3X Order Book Growth with New Renewable Energy Strategy | Girish Tanti |
https://www.youtube.com/watch?v=hVIaPZULCWQ
Tenneco Clean: Arvind Chandra, CEO
Tenneco’s Best Year Ever! CEO Reveals ?12,400 Crore Order Book & Massive Expansion Plans
https://www.youtube.com/watch?v=_qSRNxvJp7w
Bajaj Auto: Rakesh SharmaED, Rakesh SharmaED
In-Line Sales For Bajaj Auto In May | Looking At Exports Of 2.5 Lakh Units From Hereon, Says Company
https://www.youtube.com/watch?v=MA5ICUa8jVU
Elgi Equipments: Jairam Varadaraj, MD
ELGi Equipments Q4 Results: Management Sees Strong Growth Led By India And US Demand Surge
https://www.youtube.com/watch?v=yiamjcUne_c
Glenmark: Anurag Mantri, CFO
Glenmark Pharma Q4 A Miss | Confident Of Achieving ?17,000-18,000 Cr Revenue In FY27, Says Company
https://www.youtube.com/watch?v=R2W-Hnuev8Q
Lumax Auto Tech: Anmol Jain, MD
Strong Q4 For Lumax Auto | Target EBITDA Margin Of 20% Over Time; Aim To Sustain Outperformance: Co
https://www.youtube.com/watch?v=VyfKpPQBTXs
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- June 4, 2026 10:12
Dev Accelerator acquires two premium Grade A+ office assets in Bengaluru in partnership with Prestige Group
Dev Accelerator Ltd, among India’s leading premium managed workspace providers and one of the country’s fastest growing companies, as recognised by Hurun India, has strengthened its Bengaluru presence with the acquisition of two premium Grade A+ office assets in partnership with the Prestige Group, marking a scale-up in the city’s high-demand Outer Ring Road (ORR) micro-market. The expansion, spanning 1.11 lakh Sq ft, will add over 1,200 seats to DevX’s portfolio and is expected to generate approximately ₹2.2 crore in monthly revenue.
- June 4, 2026 10:09
Anand Rathi Wealth board approves bonus shares in the ratio of 1:1 Shares traded at Rs 1,759.60 on the NSE, down 1.43%
- June 4, 2026 10:09
At 10 am, benchmarks traded flat after a lower opening. Sensex traded at 74,347.74, and Nifty 50 at 23,416.90.
- June 4, 2026 10:04
Rajesh Exports stock hits lower circuit after SEBI action against promoter
Shares of Rajesh Exports Ltd slumped 5 per cent on Thursday to hit the lower circuit at ₹103.92 after SEBI barred promoter and Executive Chairman Rajesh Mehta from dealing in the company’s securities over alleged large-scale financial misrepresentation and diversion of funds.
Rajesh Exports stock hits lower circuit after SEBI action against promoter
Rajesh Exports shares plummet 5% after SEBI bars promoter over alleged financial misrepresentation and fund diversion issues.
- June 4, 2026 10:03
Sensex, Nifty slide at open as West Asia tensions, RBI meet rattle markets
Benchmark indices opened lower on Wednesday morning as escalating West Asia tensions, elevated crude oil prices and the ongoing Reserve Bank of India monetary policy meeting kept investors on edge.
Sensex, Nifty slide at open as West Asia tensions, RBI meet rattle markets
Sensex and Nifty decline as West Asia tensions and RBI meeting create market uncertainty; investors await crucial rate decision.
- June 4, 2026 09:58
Stock Market Live: Ethos opens watch boutiques at Delhi airport; shares steady at Rs 2,359 on NSE
Ethos Limited has informed the Exchange regarding ‘Opening of Ethos Watch Boutiques at Indira Gandhi International Airport, Delhi
Shares flat at Rs 2,359 on the NSE.
- June 4, 2026 09:57
Stock in focus: Rajesh Exports stock hits lower circuit after SEBI action against promoter Rajesh Mehta.
- June 4, 2026 09:57
Stock in focus: Jain Irrigation surges 10.5% as it commissions 20,000 tonne biochar facility in Jalgaon
Jain Irrigation Systems (JISL) shares jumped 10.5% to Rs 32.18 on the NSE on commissioning a 20,000 tonne/annum high-tech industrial-scale biochar facility in Jalgaon, Maharashtra
- June 4, 2026 09:56
Stock Market Live: GQG Partners sells 1.85% stake in GMR Airports; shares flat at Rs 99 on NSE
GMR Airports stock flat at Rs 99 on the NSE. Rajiv Jain-backed GQG Partners, through its affiliate GQG Partners Emerging Markets Equity Fund, offloaded 19.50 crore shares, representing a 1.85 per cent stake, in GMR Airports.
- June 4, 2026 09:54
Stock Market Live: SoftBank sells 3.25% stake in Lenskart; shares steady at Rs 513.45 on NSE
Lenskart shares flat at Rs 513.45 on the NSE. SoftBank, through its affiliate SVF II Lightbulb (Cayman) Ltd, offloaded 5,65,00,000 shares at Rs 508.55 per share, representing a 3.25 per cent stake in Lenskart Solutions.
- June 4, 2026 09:51
Stock market live updates: 121 Finance crosses ₹10 crore disbursements via GeM Sahay
121 Finance, a leading NBFC-Factor, has crossed ₹10 crore in cumulative disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM). The company has disbursed over 2,600 loans to more than 400 MSMEs across 173 cities in 27 states, helping small suppliers access working capital against confirmed government purchase orders.
Built on the Open Credit Enablement Network (OCEN), GeM Sahay enables eligible MSMEs to access collateral-free, short-term financing in minutes by leveraging transaction data from government procurement orders. 121 Finance was the first lender to go live on GeM Sahay and remains the largest lender on the platform.
Commenting on the milestone, Dr. Ravi Modani, Founder & Managing Director, 121 Finance, said:
“India’s MSME ecosystem requires credit products that are aligned with business cash flows rather than traditional collateral-based lending. GeM Sahay demonstrates how digital public infrastructure and OCEN can make formal credit accessible to even the smallest enterprises. Our focus remains on enabling seamless, transaction-based working capital financing for MSMEs across the country. Our expertise in technology-enabled factoring and cashflow-based lending has enabled us to develop scalable financing solutions that align with the business cycles of MSMEs and provide access to formal credit where it is most needed.”
- June 4, 2026 09:50
Financial markets update: Bitcoin slips amid ETF outflows
Vikram Subburaj, CEO, Giottus.com
June 4, 2026
Bitcoin remains under pressure as institutional selling and macroeconomic uncertainty continue to weigh on risk assets. The world’s largest cryptocurrency traded near $62,000-$63,000 on June 4, extending a decline that has pushed it more than 15% below the levels seen just a few weeks ago.
The most immediate concern for the market is the continued weakness in institutional flows. US spot Bitcoin ETFs recorded another day of net outflows on June 3, following significantly larger withdrawals earlier in the week. The loss of ETF demand has removed an important source of buying support that helped drive Bitcoin’s rally during the first half of the year.
On-chain and derivatives data suggest that the market is undergoing a broad deleveraging phase. Large amounts of leveraged positions have been liquidated during the recent sell-off, while blockchain analytics indicate that more than 15% of Bitcoin’s circulating supply was accumulated between $74,000 and $83,000. This creates a sizeable resistance zone if prices attempt to recover, as many investors may look to exit positions at breakeven.
The broader crypto market reflects the same cautious sentiment. Ethereum traded near $1,760, BNB around $600, XRP near $1.16, and Solana around $69, with most major assets declining between 5% and 8% over the past 24 hours. The absence of meaningful strength in large-cap altcoins suggests that investors are prioritising capital preservation rather than rotating into higher-risk assets.
The next major catalysts remain macroeconomic. Markets are closely watching upcoming US labour market and inflation data ahead of the June 16-17 Federal Reserve meeting.The market currently expects the US Federal Reserve to keep interest rates unchanged. However, any change in inflation data or comments from the Fed could affect market liquidity and influence risk assets such as cryptocurrencies.
From a technical perspective, Bitcoin faces immediate support around $62,000, followed by the important $60,000 level. On the upside, resistance is likely near $65,000, with a stronger resistance band emerging around $67,000-$68,000.
Our advice: Until ETF flows stabilise and Bitcoin regains the $65,000-$68,000 range, investors should focus on capital preservation and gradual accumulation rather than aggressive positioning. The recent decline appears to be driven mainly by broader economic conditions and liquidity concerns rather than weakness in the crypto market itself. However, volatility could remain high as investors wait for important US economic data and the upcoming Federal Reserve meeting.
- June 4, 2026 09:40
Stock Market Live: AstraZeneca Pharma surrenders factory licence, completes manufacturing exit; shares flat on NSE
AstraZeneca Pharma shares flat at Rs 8,520 at 9.37 am after hitting a low of Rs 8,422 from the previous close of Rs 8,557. The company surrendered its factory licence ( which was valid until December 31, 2026 ) to the Department of Factories, Boilers, Industrial Safety and Health for cancellation, completing its exit from manufacturing that was first announced in June 2024.
- June 4, 2026 09:37
Stock Market Updates: MedPlus Health slips 1% after Telangana store faces one-day licence suspension
MedPlus Health shares down 1% on the NSE to Rs 885.60. The company’s arm received a one-day drug licence suspension for a store in Telangana.
- June 4, 2026 09:36
Stock Market Live: ideaForge to raise up to ₹500 crore via securities; shares surge 5% to 52-week high on NSE
ideaForge Technology approved raising up to ₹500 crore through equity shares, preference shares, convertible debentures, warrants, or any other eligible securities, by way of preferential allotment, private placement, QIP, or any combination thereof.
Shares hit 52-week high of Rs 900 (also its upper circuit), higher by 5%.
- June 4, 2026 09:35
Stock Market Live: IIFL Finance board clears terms for $1 bn global notes issue; shares steady at Rs 502.20 on NSE
IIFL Finance board approved the pricing, tenure and other terms of the fixed rate, senior, secured notes to be issued by the Company under Regulation S and/or Rule 144A of the U.S. Securities Act 1933 as part of the USD 1,000,000,000 Global Medium Term Note Programme updated by the Company.
Shares flat at Rs 502.20 on the NSE.
- June 4, 2026 09:35
Share Market Live: Atlanta Electricals bags ₹285 crore PSTCL order; shares hit 52-week high, up 5% on NSE
Atlanta Electricals has secured an order worth approximately X285 crore from Punjab State Transmission Corporation Limited (PSTCL) for the supply of power transformers
Shares scaled a fresh 52-week high of Rs 2,152.60 on the NSE, higher by 5% (also its upper circuit)
- June 4, 2026 09:35
Stock Market Live: Coforge allots 1.27 crore shares to Cigniti shareholders; paid-up capital rises to Rs 88 crore
Coforge allotted 1,26,71,602 equity shares of Rs. 2 each, fully paid-up, to the eligible shareholders of Cigniti. Consequently, the paid-up share capital of the Company has increased to 44,26,71,546 equity shares of face value of Rs. 2 each, aggregating to Rs. 88 crore.
Shares traded at Rs 1,413 on the NSE.
- June 4, 2026 09:34
Stock Market Live: ORSL expands waste-to-value platform with agri shell gasification pilot
Organic Recycling Systems Limited (ORSL), through its R&D centre, Expands its Waste-to-Value Platform with Downdraft Gasification Pilot for Agricultural Shell Waste.
- June 4, 2026 09:34
Stock Market Live: Angel One client base grows to 38.17 million in May; shares steady at Rs 336.65 on NSE
Angel One: Client base in May 2026 stood at 38.17 million compared to 31.95 million in May 2025; Gross client acquisition stood at 0.42 million in the month under review against 0.50 million in May 2025.
Shares flat at Rs 336.65 on the NSE
- June 4, 2026 09:34
Stock Market Live: Texmaco Rail, Touax, TrinityRail launch global railcar leasing platform; shares rise 2% on NSE
Touax Group, Texmaco Rail and TrinityRail form landmark Partnership to transform India’s ₹ 3-Lakh Crore Freight Rail Ecosystem-First-of-its-kind Global Railcar Leasing Platform Announced in India
Texmaco Rail shares up 2% to Rs 104.59 on the NSE
- June 4, 2026 09:33
Stock Market Live: Power Grid commissions Gujarat transmission project; shares steady at Rs 284 on NSE
Power Grid Coporation informed that project namely “Transmission Network Expansion in Gujarat to increase ATC from ISTS, Part-B” has been commissioned with effect from 13th May, 2026, for which confirmation with respect to Notification for Commercial Operation (DOCO) has been received on 03rd June, 2026.
Shares flat at Rs 284 on the NSE.
- June 4, 2026 09:32
Stock Market Live: HFCL to invest in arm, divest Raddef stake, and acquire HFCL Defence; shares climb 1% on NSE
HFCL shares rose 1% to Rs 201.54 on the NSE. The company to invest Rs 89.3 cr in its arm, HFCL Advance Systems, and divest an 80% stake in Raddef for Rs 75 cr, transferring it to HFCL Advance Systems. The company will also transfer its thermal weapon sight (TWS) business to the arm and acquire a 100% stake in HFCL Defence for Rs 25 cr
- June 4, 2026 09:32
Stock Market Live: BHEL inks contract for gas turbine generators with Dangote Refinery; shares steady on NSE
Bharat Heavy Electricals Limited has signed a Contract Agreement with M/s Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise, Nigeria for Design, Manufacturing, Supply and Supervision of Erection & Commissioning of 8 Nos. Gas Turbine Generator Package for their Petroleum Refinery and Polypropylene Plant in Dangote Industries Free Zone, Nigeria.
Shares flat at Rs 406.90 on the NSE.
- June 4, 2026 09:32
Stock Market Live: Hero MotoCorp launches first flex fuel bikes; shares rise 1% on NSE
HERO MOTOCORP UNVEILS ITS FIRST FLEX FUEL MOTORCYCLES TO POWER INDIA’S SELF-RELIANT MOBILITY FUTURE
Shares up 1% to Rs 4,892 on the NSE
- June 4, 2026 09:31
Stock Market Live: Kaveri Seed gets ITAT hearing notice for FY21; shares slip 1% on NSE
Kaveri Seed Company has received a Notice of Hearing flled by the Income Tax Department before the Income Tax Appellate Tribunal (ITAT), Hyderabad, against the order passed by the Commissioner of Income Tax (Appeals) for the Assessment Year 2020-21,. The matter is scheduled for hearing on 7th December, 2026.
Shares dip nearly 1% to Rs 850 on the NSE.
- June 4, 2026 09:31
Stock Market Live: GFCL EV Products sets up Oman subsidiary; Gujarat Fluorochemicals shares flat on NSE
GFCL EV Products Limited, a material subsidiary of Gujarat Fluorochemicals, has incorporated its Subsidiary Company, namely GFCL EV New Age Materials SAOC as Closed Joint Stock Company, at Oman.
Gujarat Fluorochemicals stock traded flat at Rs 3,638.10 on the NSE
- June 4, 2026 09:31
Stock Market Live: Indiabulls to raise up to ₹1,000 crore via warrants; shares jump 2.5% on NSE
Indiabulls to raise up to Rs 1,000 cr via warrant issuance
Shares rose 2.55% to Rs 24.95 on the NSE
- June 4, 2026 09:31
Share market live: PNB Housing Finance informed appointment of Rahul Jain as Chief Strategy Officer of the Company w.e.f. June 03, 2026.
- June 4, 2026 09:30
Stock Market Live: Ventive Hospitality invests ₹50 crore in OCDs; shares trade at ₹642.55 on NSE
Ventive Hospitality has invested ₹50 crore towards subscription of Optionally Convertible Debentures (OCDs) of face value ₹100 each, for cash at par. The confirmation of allotment for the said OCDs was received on June 03, 2026.
Shares traded at Rs 642.55 on the NSE.
- June 4, 2026 09:30
Stock Market Live: Aurobindo Pharma opens TheraNym biologics CMO; shares unchanged on NSE
Aurobindo Pharma inaugurated TheraNym, one of India’s largest dedicated biologics contract manufacturing organisations (CMO).
Shares flat at Rs 1,441.40 on the NSE.
- June 4, 2026 09:30
Stock Market Live: LTM unveils managed SSE solution with Cisco; shares steady on NSE
LTM Launches Managed Secure Service Edge (SSE) Solution with Cisco
Shares flat at Rs 4,049.90 on the NSE.
- June 4, 2026 09:29
Commodities Market Live: IEX posts 18.6% jump in May power volumes; shares flat on NSE
IEX recorded a monthly electricity traded volume of 12,983 MUs in May 2026, a robust 18.6% increase year-on-year. A total of 6.10 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 65% year-on-year.
Shares traded flat at Rs 124.46 on the NSE
- June 4, 2026 09:28
Stock market updates: Sectorally, realty and pharma were major laggards.
- June 4, 2026 09:27
Nifty today: Top gainers, losers at this hour of trade
Top gainers of Nifty 50: ONGC (+1.08%), Adani Enterprises (+1.02%), Adani Ports (+0.83%), Eternal (+0.72%), Coal India (+0.52%)
Top losers: Trent (-1.54%), Cipla (-1.20%), Infosys (-1.13%). Eicher Motors (-1.13%), IndiGo (-0.97%)
- June 4, 2026 09:27
OPENING BELL: Sensex, Nifty slip in early trade after weak opening
Sensex traded 178.05 pts or 0.24% lower at 74,168.12 at 9.18 am after lower opening at 73,935.83 from the previous close of 74,346.17. Nifty 50 dipped 47.95 pts or 0.20% to 23,357.65.
- June 4, 2026 09:26
Share market live: MSCI names Kashi Kakarla Chief Technology Officer
MSCI Inc. (NYSE: MSCI) appointed Kashi Kakarla as Chief Technology Officer and Head of Product Engineering, effective June 22. He will report to Henry Fernandez, Chairman and Chief Executive Officer, and will serve on MSCI’s Management Committee.
Kakarla joins from Intuit, where he spent 17 years building and transforming products and platforms serving millions of customers worldwide. Most recently, he led technology and engineering for the Intuit Small Business Platform. Previously, he helped transform QuickBooks into an AI-driven expert platform powered by agents and intelligence and led the development of new products for enterprise businesses and accounting firms.
Earlier in his career, Kakarla held engineering leadership roles at SiRF, a pioneer in the commercialization of GPS technology, and Motorola. He has an undergraduate degree from the National Institute of Technology Karnataka, one of India’s most prestigious engineering institutions, and a master’s degree in computer science from the University of Adelaide in Australia.
At MSCI, Kakarla will lead product technology and engineering across all product lines and client segments. A key priority will be leveraging AI to transform the way clients access and engage with MSCI’s content and expand the reach of the firm’s solutions to a broader audience of investment professionals. By embedding AI more deeply into the investment ecosystem as a strategic enabler, MSCI aims to help clients navigate complexity and uncertainty with greater speed, scale and foresight.
- June 4, 2026 09:25
Currency Market Live: Bitcoin dips below $63,000 amid global caution and sharp liquidations
“Bitcoin’s slide below the $63,000 mark reflects a phase of heightened caution across global markets, with over $1.1 billion in liquidations amplifying the downward move. Such sharp corrections are not uncommon in crypto cycles, particularly after extended periods of strong price appreciation. While short-term sentiment has weakened, the broader market continues to be influenced by institutional participation, macroeconomic signals, and expectations around monetary policy. Investors should avoid reacting emotionally to sudden price swings and instead focus on their long-term investment thesis.
At this stage, disciplined portfolio management becomes more important than attempting to time every market movement. Investors may consider staggered allocations through systematic investing rather than deploying large sums at once. Maintaining adequate liquidity and diversification remains essential, while closely tracking key support levels and market developments. Corrections often test conviction, but they can also create opportunities for investors who remain patient, informed, and focused on long-term wealth creation rather than short-term volatility.” – Avinash Shekhar, Co-Founder & CEO, Pi42
- June 4, 2026 09:25
Stock Market Live: Nifty set for weak open near 23,200 as caution prevails
Gaurav Udani, Founder - Thincredblu Securities Pvt. Ltd.
I wanted to share the pre market quote by Gaurav, “Nifty is expected to open lower around 23,200, down nearly 200 points, indicating a weak start amid cautious global cues and continued uncertainty in the market.
The index is now approaching a crucial support zone of 23,000–23,200, which will be important to watch. A sustained move below this range could trigger further selling pressure and extend the ongoing weakness.
On the upside, 23,500–23,600 will act as the immediate resistance zone, and any recovery towards these levels may face selling pressure.
The market remains highly news-sensitive, with sentiment likely to be influenced by global developments, crude oil movements, and geopolitical headlines. As a result, traders should be prepared for sharp intraday swings and elevated volatility.
The overall setup remains cautious, and a level-based approach is advisable. Traders should avoid aggressive positions and wait for confirmation near support and resistance zones before initiating fresh trades.”
- June 4, 2026 09:24
Brokerages on Bata India
Elara Capital on Bata India
Maintains Accumulate rating; target price cut to ₹781 (from ₹1,039)
Q4 revenue was in line with estimates, but EBITDA and adjusted profit missed expectations by 20.1% and 48.3%, respectively
Earnings shortfall driven by a shift toward lower-margin channels, one-time FX impacts, lease closures, and factory-related VRS charges
Volume growth of 2.8% YoY indicates early signs of demand recovery following previous GST-related disruptions
Products priced below ₹1,000 are now growing in line with overall company performance, reversing a three-year trend of contraction
Gross margin declined 236 bps YoY due to channel mix changes; EBITDA margin fell 435 bps as advertising spend increased to 1.5x of the previous year
FY27 and FY28 earnings estimates cut by 22% and 24.8%, respectively, citing persistent margin pressure and high brand investment
Valued at 45x FY28 estimated EPS
Motilal Oswal on Bata India
Maintains Neutral rating with a revised target price of ₹600 (down from ₹615)
Operational discipline is visible, though structural upside remains limited
Profitability is currently impacted by an inventory reset and higher brand-building expenditures
Projects FY26–28 CAGR for revenue, EBITDA, and adjusted PAT at 4%, 7%, and 7%, respectively
Notes that while operational metrics are showing improvement, sustained revenue acceleration and meaningful margin recovery will take time; profitability is expected to remain below pre-COVID levels through FY28E
Potential demand recovery in the organized value footwear segment, following GST rationalization, provides a floor for the stock and limits downside
Nuvama on Bata India
Maintains REDUCE; target price cut to ₹568 (from ₹780)
Demand improved through the quarter. Premium brands (Hush Puppies, Power) and E-commerce/Franchise channels are key growth drivers
Successful implementation of “Zero Base Merchandising” and inventory reduction (down 13%)
EBITDA margin weakened due to rising raw material costs (up 5–6%), higher operating expenses, and a shift toward franchise sales, with no price hikes taken to offset
Signs of recovery in the sub-₹1,000 segment
- June 4, 2026 09:15
Stock recommendation: Morgan Stanley on InterGlobe Aviation
Maintains OVERWEIGHT rating on InterGlobe Aviation; target price revised to ₹5,913 (from ₹6,498) as of April 2026
Brokerage notes near-term margin pressure due to rising crude prices, demand moderation, and currency depreciation
Expects a weak first half of FY27, followed by a gradual recovery in the second half
Indian government has approved a ₹100 billion Aviation Turbine Fuel (ATF) Price Stabilization Fund
The fund provides interest-free advances to Oil Marketing Companies (OMCs) to fix ATF prices for airlines, insulating them from extreme global price volatility
This is a temporary, self-sustaining mechanism; the advances will be recovered from OMCs when global fuel prices moderate
The measure is viewed as a positive for airline cash flows and helps stabilize operating costs, which currently constitute 40–60% of airline expenditure
- June 4, 2026 09:15
Stock recommendation: Goldman Sachs on Indigo
Maintains BUY rating; Government approved ₹100 billion in budgetary support to Oil Marketing Companies (OMCs) for Aviation Turbine Fuel (ATF) price stabilization
Support facilitates interest-free advances to OMCs to help them absorb losses when global ATF prices exceed set benchmarks
Mechanism aims to provide price predictability and shield airlines from extreme fuel cost volatility caused by the West Asia crisis
Fund operates on a true-up model: OMCs will repay the government when global fuel prices moderate
Analyst scenario analysis indicates the support could cover 2–5 months of fuel volatility, depending on price points
No specific estimate changes were made pending further clarity on the fuel price cap mechanism
- June 4, 2026 09:14
Stock recommendation: UBS on BHEL
Downgrades BHEL to Neutral from Buy; raises target price to ₹460 (from ₹375), implying 13.6% upside
Notes the risk-reward profile is evening out after the stock outperformed Nifty by 60% over the last 12 months
Highlights that the bulk of the order book expansion is behind the company
Observes intensifying competition over the last three years, with peers like L&T and Thermax showing greater order appetite
Continues to see steady order prospects for thermal and industrial segments and maintains that multi-year revenue visibility precludes a “Sell” rating
Remains above-consensus on earnings, raising FY27/28 estimates by 1–3%
Increases target multiple from 25x to 28x, anticipating a meaningful ramp-up in execution and improved gross margins
Maintains that the FY23–26 order book, where BHEL captured 75–80% market share, provides strong revenue visibility through FY30
- June 4, 2026 09:14
Stock recommendation: CLSA on LTM
O-P, TP Rs 5755
Analyst day takeaways
Shared its AI strategy around gaining market share, with core message being to double revenue over next five years with a 15-17% contribution from inorganic growth implying an organic revenue Cagr of 14.5%
CO also gave Ebit margin guidance of a 200bps expansion over the next five years from FY26 levels, implying a 17-18% margin by FY31.
LTM expects TAM for the IT services industry globally to expand due to AI, from US$1.3tn to US$2.3tn over next few years, where potential deflationary impacts would be more than offset by AI transformation related projects
- June 4, 2026 09:14
Stock recommendation: Motilal Oswal on ICICI Bank
Maintains Buy rating with a target price of ₹1,750
Positioned to sustain sector leadership with healthy growth outlook and robust asset quality
Projects continued market share gains through broad-based growth
Leverages a strong liability franchise with comfortable LDR and LCR for sustained expansion
Anticipates margin improvement supported by sustained pricing power
Identifies operating leverage and fee income as key earnings drivers, with cost-to-income ratio estimated to improve to ~38%
Maintains best-in-class credit quality with controlled credit costs
Designated as the top Buy pick within the banking sector
- June 4, 2026 09:13
Stock recommendation: Brokerages on Kotak Bank
CLSA on Kotak BK
O-P. TP Rs 440
Management meet takeaways
Kotak has identified four customer cohorts that it would like to focus on – affluent, middle-class, SME and corporate.
One change that has been brought about in bank is migration from product-level focus to customer-level focus
Idea is to look at a customer by the overall profitability they generate and not by a singular product approach.
Focus on technology clearly stood out, with an aim to reduce the cost of doing business over time.
While bank has reignited its focus on digital customers (‘811’), it will also focus on branch expansion
Felt that management was unwilling to sacrifice RoA for growth, despite its excess capital. It reiterated its usual loan growth guidance of 1.5-2x of nominal GDP.
UBS on Kotak BK
Buy TP Rs 500
Management meet takeaways
Focus on low-cost liability, retail loans and tech
Liability side to be supported by digital and branch
Tech to drive cost optimisation
On asset side, company continues to target 1.5-2x of nominal GDP growth with lower end likely in a weaker cycle & pursuing inorganic opportunities if required
Co would prioritise retail and MSME segments while remaining opportunistic in corporate loans & aspires to become third largest bank by group profit by 2030
- June 4, 2026 09:13
Stock recommendation: CLSA on Dalmia Bharat
O-P, TP Rs 2100
Management meet takeaways
Optimistic on resilient medium-term growth helped by organic and inorganic expansion.
Per estimates, recently acquired Jaiprakash Associates (JPA) assets could ramp up to 60%+ utilisation by FY28 and generate Rs1,000/t Ebitda by FY29
Co does not see need to raise equity & expects leverage to be below 1.4x
Near-term industry outlook looks weak on soft demand (rural) & margin pressure, mainly in 2Q
- June 4, 2026 09:12
Stock recommendation: Brokerage Houses on Adani Group
Jefferies on Industrials - Adani Group
Group reiterating a positive outlook on India’s Infra growth and its commitment to long-term nation-building
A key theme was the rising importance of energy infrastructure, driven by accelerating AI-led demand for Power and Allied Assets
The group achieved a record capex of Rs1.55tn in FY26
Remains confident of sustaining growth with a disciplined financial structure
Group prides itself on working in a partnership model where vendors/contractors act as partners in developing projects and get on board since the design phase
Jefferies on Airport - Adani Group
Airport Panel: Multi Layered Growth Opportunity
Aero growth is supported by pax, capacity & fleet expansion
Non-aero offers key upside potential given low penetration & lower spend/pax
Real estate & AI/digital emerging as incremental levers to drive monetisation & enhance passenger spends
Higher penetration and rising spend could drive 10-12x non-aero growth over the next 10-15 years
HSBC on Real Estate - Adani Group
The largest urban redevelopment project in Asia involving the rehabilitation of 125K homes
Will be a congregation of a smart city, multi modal transport hub, public space, and rehabilitation of homes
Adani expects execution to span seven years, with experience centre likely in August 25, first handover to railway in December 26
Ambitious project unlocking 130msf of free sale area next to Mumbai’s central business district
- June 4, 2026 09:12
Stock recommendation: Jefferies on Poonawala Fin
Initiate Buy, TP Rs 490
Poonawalla Fincorp (PFL) is set to leverage its new leadership team, product expansion, network build out & sharpened underwriting
Expect PFL to deliver 33% AUM CAGR (fastest among major NBFCs), better NIM on loan mix shift & lower credit cost aided by lower slippages & portfolio mix
Expect sharp growth in earnings with ROA/ROE expanding to 16% by FY29e (6% FY26), which should support its premium valuations
- June 4, 2026 09:11
Sectoral recommendation: CITI On Power Equipment
Power grids are emerging as key bottleneck to energy transition.
BNEF expects rising renewable penetration, data centers and industrial growth to drive US$15tn in global T&D capex over CY25–50
See India as uniquely positioned (it manufactures 80% of global T&D products) to benefit from a large domestic transmission buildout, accelerating HVDC adoption, favourable localization policies, & growing export opportunities
Initiate Buy on Hitachi Energy – TP Rs 46700
Initiate Buy on GVTD – TP Rs 6200
Initiate Buy on CG Power – Rs 1100
Initiate Neutral on Siemens Energy – TP Rs 4000
- June 4, 2026 09:10
Stock market live: Global bits - Key international developments in focus
United States: Dallas Fed’s Lorie Logan said monetary policy remains slightly loose and may need to stay restrictive longer; Wall Street fell amid Middle East tensions, while options traders warned of rising volatility.
Brazil: Trade surplus beat forecasts in May due to stronger export prices; the central bank warned demand-driven inflation remains elevated, reducing expectations for rate cuts.
India: Services sector growth reached a six-month high on strong domestic demand; reports suggest India may remove capital gains tax on foreign investment in government bonds, while authorities tightened scrutiny of overseas capital flows amid rupee pressure.
China: Services activity expanded at the fastest pace in three months, but the ongoing real estate downturn continues to hurt property service companies.
Japan: Kazuo Ueda signaled active discussion on a possible June rate hike; AI-driven demand continues to support semiconductor outlook, with TSMC remaining optimistic.
South Korea: Finance authorities pledged measures to counter increased market volatility caused by global geopolitical risks.
Indonesia: Parliament backed legislation expanding the central bank’s role; the central bank reaffirmed support for the rupiah as the currency weakened.
Pakistan: Government announced the federal budget will be presented on June 10.
Eurozone: Economists widely expect an ECB rate hike in June and possibly another in September; ECB officials warned inflation risks may be larger than in 2022.
Germany: Services sector contracted again in May as higher energy costs weighed on business activity.
France: Services activity shrank at its fastest pace since late 2020, reflecting weak demand and rising costs.
United Kingdom: Services firms reported their first activity decline since April 2025 as higher energy prices and inflation pressures hit demand; UK new car sales rose 6% in May.
Czech Republic: Proposed pension reforms would reduce fund fees and encourage greater investment in equities.
Switzerland: Government rejected findings from a U.S. forced-labour investigation, highlighting ongoing trade and regulatory tensions.
Bulgaria: European Commission proposed disciplinary action over an excessive fiscal deficit.
Russia: Oil and gas revenues jumped 32% year-over-year in May, benefiting from higher energy prices, though the services sector contracted sharply.
Ukraine: State railway operator said tariff increases are needed to restore finances after infrastructure damage from intensified Russian attacks.
Source: Reuters
- June 4, 2026 09:06
Commodities update: Gold rises on softer dollar, oil, as markets weigh US-Iran peace optimism
Gold rises on softer dollar, oil, as markets weigh US-Iran peace optimism
Gold prices rise as a weaker dollar and oil boost optimism for US-Iran peace amid ceasefire agreements.
- June 4, 2026 09:03
Share market live: Coforge issues 1.27 crore shares to Cigniti shareholders under amalgamation scheme
Coforge Ltd has allotted 1.27 crore equity shares of ₹2 face value each to eligible shareholders of Cigniti Technologies under the approved amalgamation scheme. The allotment, made in a 1:1 share exchange ratio, follows the record date of May 16, 2026. Consequent to the allotment, Coforge’s paid-up equity capital has increased to 44.27 crore shares.
- June 4, 2026 09:00
Asian market updates: Japan's Nikkei pulls back from record high on AI selloff
- Japan’s Nikkei share average pulled back from a record high on Thursday, as investors sold AI-related stocks after Broadcom missed expectations for second-quarter revenue, while renewed fighting between the U.S. and Iran also soured risk sentiment.
The Nikkei was down 1.83% at 67,149.15, as of 0143 GMT. The broader Topix slipped 1.28% to 3,944.95. - Reuters
- June 4, 2026 08:58
Commodities update: Iron ore touches six-week low on China demand worries
Iron ore prices extended losses on Thursday to hit their lowest levels in more than six weeks, weighed down by rising concerns about demand in top consumer China as steel margins shrink and steel consumption weakens amid high input costs.
The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) fell 0.96% to 774.5 yuan ($114.32) a metric ton by 0327 GMT, hitting its weakest level since April 20.
The benchmark July iron ore on the Singapore Exchange was down 0.93% at $102.7 a ton, as of 0317 GMT, after hitting the lowest since April 14 at $102.5.
Demand for iron ore will likely shrink as risks of steel production cuts rise with high coal prices squeezing margins, said analysts. - Reuters
- June 4, 2026 08:34
Debt market updates: India weighs tax cuts to attract foreign bond investors
India weighs tax cuts to attract foreign bond investors
India may cut taxes on bond income and ease investment rules for overseas investors as policymakers seek to boost capital inflows and support the rupee.
- June 4, 2026 08:22
Stock market live: Why Amazon has struggled to crack the Indian market
Why Amazon has struggled to crack the Indian market
Amazon is prioritising profitability and AI investments in India as Flipkart, Reliance and quick commerce rivals intensify competition.
- June 4, 2026 08:06
Share market live: Stocks in News
Aurobindo Pharma: Company’s arm Theranym Biologics starts biologics contract manufacturing facility. (Positive)
BHEL: Company has secured international contract worth INR 2000-2500 Crores (Positive)
Agarwal Industrial: Company bags HPCL bitumen supply order worth Rs 477.5 crore for 1.3 lakh MT. (Positive)
Marsons Ltd: Company secures order worth Rs. 31.27 cr from Assam Electricity Grid Corporation (AEGCL), for supply of 132/33kv, 50mva power transformers and related services. (Positive)
NBCC: Company bags multiple orders worth Rs. 83.24 cr for project management consultancy. (Positive)
IEX: Company may power trade volume jumps 18.6% YoY to 12,983 mu, day-ahead market volume rises 25% with average price at Rs. 4.88/unit. (Positive)
Shree Rama Multi-Tech: Company commences production on new tubing machine; adds 45 lakh tubes per month capacity with Rs. 10 crore investment (Positive)
Jeena Sikho Lifecare: Company Bhopal hospital receives NABH accreditation for Panchakarma services, valid until May 2029. (Positive)
Gujarat Fluorochemicals: Company has established a new subsidiary, GFCL EV New Age Materials SAOC, in Oman (Positive)
Jain Irrigations: Company has commissioned 20,000 tonne/annum biochar facility in Jalgaon. (Positive)
JBM Auto: Company leads India’s electric bus market with 49% share in May 2026, records industry-highest 157 e-bus registrations. (Positive)
Natural Capsules: New HPMC line boosts capacity from 19.5B to 25B capsules/year. (Positive)
Jubilant Agri: Company has started Polymer Production at Vadodara Facility. (Positive)
Sandur Manganese: Company has received CRISIL outlook upgrade to Positive from Stable while reaffirming its A+ rating. (Positive)
Balu Forge: Minerva Ventures Fund bought 6.25 lk at Rs. 486.04 each. (Positive)
Go Fashion: Mahalakshmi Electronics Private Limited bought 5 lk shares at Rs. 366.23 each. (Positive)
Restaurant Brands Asia: Lenexis Foodworks acquires an 18.07% stake, buying 12.9 lakh shares in the company. (Positive)
HDB Financial: Board to consider fundraise on June 8 (Neutral)
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Vedanta: Talwandi Sabo Power renamed as Vedanta Power effective June 3, 2026 (Neutral)
Central bank of india: Company appoints Vivek Kumar as CFO for three years (Neutral)
LTI Mindtree: Company launches managed secure service edge solution with cisco (Neutral)
Tirth Plastic: Company signs MOU with Krishna Plastic Traders for strategic association and proposed investment (Neutral)
Sayaji Industries: Company chairman & managing director Priyam B. Mehta says FY26 turnaround and return to full-year profit position the company for stronger execution and growth in FY27. (Neutral)
PhysicsWallah: Company fined by CCPA over using dark patterns. (Neutral)
*Epigral Limited:*CRISIL Ratings has reaffirmed the company’s ratings for its bank facilities. (Neutral)
Indiabulls Limited: Company approved raising funds up to Rs. 1000.07 Cr via preferential issue of 51.55 Cr warrants convertible into equity shares at Rs. 19.40 each. (Neutral)
Manas Polymers & Energies: Company approves incorporation of wholly owned subsidiary in Dubai to drive global expansion. (Neutral)
Karnataka Bank Ltd: Bank has successfully integrated its internet banking platform with the Employees’ Provident Fund Organization (EPFO) portal. (Neutral)
Hero MotoCorp: Company has launched India’s first 100cc Flex Fuel motorcycles: Splendor+ and HF Deluxe. (Neutral)
NHPC: LIC raises stakes in NHPC, buys 0.76% stake through market purchase. (Neutral)
Skipper: Company approves raising up to Rs. 433 crore via equity, including issuance of 92 lakh shares at Rs. 470 per share. (Neutral)
Niva Bupa Health Insurance: Board appoints Ashwani Bhatia as Chairperson. (Neutral)
Kirloskar Ferrous: NCLT approves the merger of Oliver Engineering and Adicca Energy with the company. (Neutral)
Balrampur Chini: Company plans to raise up to Rs. 450 crore via issuance of 93.2 lakh shares. (Neutral)
Tarsons Products: Company completes the second tranche of investment, infusing EUR 552,000 into its arm. (Neutral)
Infosys: Company enters into a partnership with the Lawn Tennis Association to deliver AI‑driven match insights and enhance fan engagement experiences. (Neutral)
HFCL: Company will invest Rs. 89.3 crore in its arm, HFCL Advance Systems. (Neutral)
Ideaforge Tech: Company to raise funds up to Rs.500 Cr via Equity, Others route. (Neutral)
TruAlt Bio: Dhruv Khush Business Ventures sold 5.90 lk shares at Rs. 507.18 per share. (Neutral)
List of stocks included in the Long term ASM Framework: Aditya Infotech, Sasken. (Neutral)
List of stocks included in the short term ASM Framework: Aditya Info, IFB Industries, NIIT, Network People, Rubicon Research. (Neutral)
List of stocks excluded from ASM Framework: Exicom Tele, Sasken Technologies, Veranda Learning. (Neutral)
Circuit filter change from 20% to 10%: John Cockerill. (Neutral)
Steel Strips Wheels: Mohan Joshi resigns as Deputy Managing Director due to personal reasons. (Negative)
HMA Agro: Mohammad Mehmood Qureshi resigns as MD & director of the company. (Negative)
- June 4, 2026 08:04
IPO updates: SpaceX sets IPO price at $135, becomes largest public offering in history
SpaceX sets IPO price at $135, becomes largest public offering in history
SpaceX has launched the world's biggest IPO, valued at $1.77 trillion and raising $74.4 billion, surpassing Saudi Aramco's record offering.
- June 4, 2026 07:43
Opening Bid: Nifty may open 150 points lower as investors track RBI policy and global cues
Stock market today: Nifty seen opening lower amid global uncertainty and FII selling
Indian markets may open lower as investors track RBI policy, US-Iran tensions, crude oil prices and persistent FII outflows amid weak global cues.
- June 4, 2026 07:36
Iran war latest: US House approves war powers resolution to halt military action against Iran
US House approves war powers resolution to halt military action against Iran
The US House approved a war powers resolution aimed at halting military action against Iran, challenging President Trump amid rising opposition.
- June 4, 2026 07:14
Share market updates: GQG Partners sells 1.85% stake in GMR Airports to Fidelity for ₹1,906 crore
GQG Partners sells 1.85% stake in GMR Airports to Fidelity for ₹1,906 crore
GQG Partners sold a 1.85% stake in GMR Airports for ₹1,906 crore, with Fidelity International acquiring 19.5 crore shares in the block deal.
- June 4, 2026 07:05
Share market live: NHPC OFS fully subscribed, government raises about ₹4,300 crore from stake sale
NHPC OFS fully subscribed; government raises about ₹4,300 crore
The government's NHPC offer for sale was fully subscribed, helping it raise about ₹4,300 crore and boost FY27 disinvestment proceeds.
- June 4, 2026 07:04
Buzzing stocks, June 4: Rajesh Exports, HFCL, Hero MotoCorp, BHEL, Aurobindo Pharma, GMR Airports
Stocks to watch, June 4: Rajesh Exports, HFCL, Hero MotoCorp, BHEL, Aurobindo Pharma, Bhagiradha Chemicals
Key Indian corporates like Rajesh Exports and Hero MotoCorp made headlines with significant contracts and regulatory actions on June 4.
- June 4, 2026 06:55
Technicals: Weekly Rupee View: Rupee set to consolidate
Weekly Rupee View: Rupee set to consolidate
Rupee consolidates at 95.27, aided by falling crude prices and strong domestic data, despite ongoing foreign outflows.
- June 4, 2026 06:54
Share market updates: Coralogix Raises $200M to Scale the Observability Backbone for the Age of AI
Coralogix, the data and AI platform for observability, today announced it has raised $200 million in Series F funding. The round was co-led by Advent, CPPIB, and Greenfield, with participation from Brighton Park Capital, bringing total funding in Coralogix to $550M.
“AI is fundamentally changing the way enterprises operate, and observability is quickly evolving into a core layer of business intelligence,” said Alek Ferro of Advent. “Coralogix has consistently stayed ahead of that transformation, building a platform designed for the scale, speed and complexity of the agentic era. Since our initial investment, the company has continued to accelerate innovation and market adoption, reinforcing our belief that Coralogix is positioned to define the future of AI-powered observability.”
Legacy Observability Was Built for a World That No Longer Exists
The funding comes as AI is reshaping the observability market. AI-powered applications are generating telemetry data at volumes, speeds and levels of complexity far beyond what traditional monitoring platforms were designed to handle. At the same time, AI agents are becoming the primary interface for enterprise users and engineering teams, answering production questions, investigating incidents, explaining anomalies and increasingly operating production systems directly.
This shift is exposing the limitations of legacy observability tools. Platforms built for static, sampled workloads often struggle under agentic-scale telemetry volumes, generate runaway ingestion costs as data explodes, and leave engineering teams with blind spots no dashboard or alert rule was designed to close.
- June 4, 2026 06:54
Q4 results: Meenakshi India Reports FY26 Revenue at ₹158.23 Crore
Meenakshi India Limited (MIL), a leading apparel manufacturer specialising in premium bottom wear and outerwear for global brands, announced its audited financial results for the financial year ended March 31, 2026.
For Q4 FY26, the Company reported Revenue from Operations of Rs 45.72 crore as against Rs 61.09 crore in Q4 FY25. Operational EBITDA stood at Rs 7.55 crore compared to Rs 14.85 crore in the corresponding quarter last year. Profit After Tax was Rs 4.52 crore versus Rs 26.16 crore in Q4 FY25, while Earnings Per Share stood at Rs 4.02.
During FY26, the Company reported Revenue from Operations of Rs 150.76 crore as compared to Rs 166.33 crore in FY25. Operational EBITDA stood at Rs 10.20 crore against Rs 29.51 crore in the previous year, while Profit After Tax was Rs 10.46 crore compared to Rs 39.10 crore in FY25. Earnings Per Share for FY26 stood at Rs 9.30.
- June 4, 2026 06:53
Share market updates: Regency Fincorp Limited Raises ₹35 Crore Through Dual NCD Transactions, with Additional ₹25 Crore Greenshoe Option
Regency Fincorp Limited, a leading NBFC focused on providing accessible and customer-centric financial solutions, is pursuing two strategic debt fundraising transactions through Non-Convertible Debentures (NCDs), aggregating ₹35 crore, with an additional greenshoe option of ₹25 crore. The proceeds from both instruments will be utilized towards the Company’s general corporate purposes and to finance and support its onward lending business operations, including expansion and growth of its loan portfolio, in accordance with applicable RBI guidelines.
The first transaction is being executed on June 2, 2026, for Rs. 10 crores. Further, the Company has signed a term sheet for another tranche of listed NCD and the same is proposed to be issued and the issuance comprises a base issue size of ₹25 crore to be executed in third week of June, along with a greenshoe option to raise an additional ₹25 crore.
- June 4, 2026 06:53
Commodities update: Emkay Wealth Sees Gold Well Supported at Current Levels
According to Emkay Wealth Management precious metals continue to remain well supported despite intermittent volatility driven by geopolitical tensions in the Middle East and sustained strength in the US Dollar.
Gold, after briefly crossing levels above US$ 5,000, is currently trading near US$ 4,500. Silver has similarly rebounded from about US$ 72 to around US$ 77, reflecting continued underlying demand despite short-term corrections.
Emkay Wealth said the medium- to long-term outlook for both metals remains constructive, supported by macroeconomic uncertainty, sustained central bank accumulation, and steady institutional allocation flows.
“Gold and silver are increasingly being viewed as strategic portfolio assets rather than short-term trading instruments. The current trend is driven more by structural allocation demand than speculative positioning,” Emkay Wealth Management said.
The firm highlighted that its gold fund recommendations were initiated in FY22–23 and reiterated through FY23–24 and FY24–25, while silver fund allocations were introduced from February 2025. Investors maintaining exposure over this period have benefited from both price appreciation and currency depreciation.
Structural Drivers Remain Intact
According to Emkay Wealth, expectations of further US Federal Reserve rate cuts remain a key support factor, as they could weaken the US Dollar and improve bullion attractiveness. Continued central bank buying since 2022 has further strengthened the long-term price base.
Both gold and silver have also seen a multi-year technical breakout following nearly a decade of consolidation, reinforcing the broader bullish structure. Silver additionally benefits from rising industrial demand linked to clean energy transition and manufacturing applications, while gold continues to gain traction as a diversification hedge amid concerns over US fiscal and currency stability.
Unlike previous cycles dominated by speculative flows, the current rally is largely allocation-driven, which enhances its sustainability, the firm noted.
- June 4, 2026 06:52
Stock market live: KNAV secures fresh NKSquared funding to drive global expansion and accelerate AI integration
KNAV, a global accounting and advisory firm delivering integrated services across assurance, tax, and advisory, announced today a follow-on investment from NKSquared, the US-based investment firm of Nikhil Kamath, investor and entrepreneur.
The firm will deploy the majority of this capital toward pursuing international acquisitions to expand into new markets, including entry into new jurisdictions such as Australia and the addition of firms that strengthen its service capabilities. Alongside this, organic growth will remain an equally important driver, with continued investment in talent, leadership development, and training to build skills across its global teams. A portion of the investment will also support KNAV’s ongoing automation and AI deployment across its service lines.
KNAV is currently in Phase 1 of its AI deployment, focused on embedding AI into core workflows to improve quality, efficiency, and decision-making, with further expansion planned over time.
This financing builds on KNAV’s initial funding from NKSquared in September 2024. Since then, the firm has grown its global revenues from $26 million in 2023 to $50 million in 2025 and expanded its presence across international markets, including the Netherlands, the United Kingdom, and most recently in the UAE.
- June 4, 2026 06:51
Fitch Rates IIFL Finance's Proposed USD Senior Secured Notes 'B+(EXP)'
Fitch Ratings - Singapore/Mumbai - 03 Jun 2026: Fitch Ratings has assigned India-based IIFL Finance Limited’s (B+/Positive) proposed US dollar-denominated senior secured bonds an expected rating of ‘B+(EXP)’ and Recovery Rating of ‘RR4’. The final rating is subject to the receipt of final documentation conforming to information already received.
- June 4, 2026 06:50
WATCH: Today's Stock Recommendation
- June 4, 2026 06:49
Stock market updates: ALL-TIME HIGH BREAKOUT ALERT
On June 3, these 10 stocks closed above their lifetime highs, signaling strong momentum and sustained buying interest
🟢RR Kabel
🟢Ather Energy
🟢Welspun Corp
🟢John Cockerill
🟢Aditya Infotech
🟢Venus Remedies
🟢Sterlite Technologies
🟢Thangamayil Jewellery
🟢Syrma SGS Technologies
🟢Dee Development Engineers
- June 4, 2026 06:42
Commodities update: Copper futures can rise to ₹1,430
Copper futures can rise to ₹1,430
The June futures was oscillating in the narrow range of ₹1,342-1,374 between May 18 and June 1. But on Tuesday (June 2), it broke out of the resistance at ₹1,374 and closed at ₹1,379.30
- June 4, 2026 06:41
Day Trading Guide for June 4, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide for June 4, 2026: Intraday supports, resistances for Nifty50 stocks
Get essential intraday support and resistance levels for Nifty50 stocks and day trading insights for June 4, 2026.
- June 4, 2026 06:40
Stock to buy today: Olectra Greentech (₹1,319.70)
Stock to buy today: Olectra Greentech (₹1,319.70)
Traders can consider buying Olectra Greentech now at ₹1,319 and accumulate if the price dips to ₹1,260. Place stop-loss at ₹1,160
Published on June 4, 2026
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