News Overview

The central bank revised India's growth outlook downward while highlighting strong domestic demand and economic resilience despite external challenges.

The RBI maintained the repo rate at 5.25% while adopting a cautious stance amid inflation concerns driven by higher crude oil prices and global uncertainties.

The RBI kept the repo rate unchanged at 5.25% in its June 2026 MPC meeting while lowering FY27 GDP growth estimates to 6.6% and raising inflation projections to 5.1%. The central bank also announced several measures to attract foreign capital and strengthen India's external sector amid rising global uncertainties.

CMR Green Technologies IPO ended Day 3 with an overall subscription of 17.07 times, led by strong demand from NIIs and retail investors. The grey market premium increased to ₹72.5, suggesting an estimated listing price of ₹264.5 per share.

ideaForge touched a new 52-week high as investors cheered its ₹500 crore fundraising approval, return to profit, record revenue growth, and strong order inflows. The indigenous drone maker is also expanding into combat drones and defence platforms, positioning itself to benefit from India's growing focus on defence modernization and drone adoption.

Indian benchmark indices closed nearly unchanged on June 4, 2026, as investors remained cautious ahead of the RBI monetary policy announcement. Easing crude oil prices, strong domestic institutional buying, and gains in Media and Consumer Durables helped support the market, while Titan emerged as a key outperformer on ambitious expansion plans.

Rajesh Exports has defended its financial reporting after SEBI's interim order highlighted revenue mismatches of ₹15.15 lakh crore. The company says its revenues are accurate, denies any overstatement, and attributes the issue to a communication gap regarding financial data interpretation.

PhysicsWallah stock rallied nearly 18%, adding ₹5,000 crore in market value after the company announced a major restructuring of its student lending business. The move reduces credit risk, improves scalability, and shifts lending exposure to regulated NBFC partners.

IFCI stock has surged sharply amid growing optimism around the NSE IPO. With its indirect stake in NSE through SHCIL, investors are viewing IFCI as a potential value-unlocking opportunity. Here's a closer look at the drivers, risks, and outlook for the stock.

CMR Green Technologies IPO garnered strong investor interest on Day 2, with subscription reaching 4.97 times. The NII category led demand at 11.53 times, while GMP climbed to ₹67.5, signaling a potential listing gain of over 35%.