News Overview

Japan's Nikkei crossed the 68,000 mark for the first time, fueled by strong AI and semiconductor-related buying, while regional markets remained resilient despite escalating US-Iran tensions and rising crude oil prices. For India, elevated energy costs and Hormuz-related supply risks continue to pose challenges, even as the global AI investment cycle supports opportunities for the technology sector.

Bliss GVS Pharma touched a fresh 52-week high of ₹447 following WHO-GMP approval, strong FY26 financial performance, a 100% dividend declaration, and Anupam Rasayan's proposed acquisition of up to 74.2% stake in the company.

Indian benchmark indices ended in the red on June 3, 2026, dragged by a sharp sell-off in IT stocks after recent AI-driven gains. Rising crude oil prices, US-Iran tensions, FII outflows, and caution ahead of the RBI policy meeting weighed on sentiment. However, banking stocks outperformed, helping Bank Nifty close nearly 1% higher.

Trent shares traded higher as investors rushed to secure eligibility for the company's first-ever 1:2 bonus issue. With June 4 set as the record date, today is the final day to buy shares under the T+1 settlement cycle.

CMR Green Technologies IPO has attracted attention due to its strong aluminium recycling business, ESG-focused growth story, and rising GMP. While the company benefits from market leadership and a strong automotive customer base, investors should also consider concerns around rising debt, thin margins, and the pure OFS structure before subscribing.

GE Vernova T&D India is emerging as a major beneficiary of rising investments in power transmission, renewable energy integration, and grid modernization. With record order inflows, expanding margins, and strong HVDC capabilities, the company is entering its next phase of growth.

Bloomberg Economics estimates that the RBI sold nearly $12 billion worth of gold reserves while adding $7.5 billion in foreign currency assets. The move signals a focus on defending the rupee, preserving forex liquidity, and managing risks arising from elevated oil prices and global uncertainty.

IT stocks witnessed heavy selling pressure on Wednesday, with the Nifty IT index falling 4.66% as investors booked profits following a strong AI-led rally. Weakness in global technology stocks, ADR declines, and concerns over the pace of AI monetization added to the correction.

NMDC reached a new 52-week high following strong May 2026 production growth, record iron ore sales, and robust Q4 FY26 earnings. Backed by higher realizations, healthy profitability, and a long-term expansion roadmap targeting 100 million tonnes of production capacity by 2030, the company continues to strengthen its position as India's leading iron ore producer.

OYO's parent company Prism has secured SEBI approval for its proposed ₹6,650 crore IPO. With no OFS component, improving profitability, expansion into premium hospitality and holiday homes, and a potential $7 billion valuation, the offering is emerging as one of India's most closely watched startup listings.