News Overview

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.

Indian benchmark indices rebounded on June 2, 2026, ending a four-session losing streak as a powerful rally in IT stocks lifted market sentiment. Nifty IT surged over 4%, supported by AI-driven growth expectations, positive global technology cues, and strong buying in large-cap tech stocks such as TCS, Infosys, and HCL Technologies. While consumer sectors also advanced, banking and financial stocks remained under pressure amid concerns over rising crude oil prices and inflation risks.

India has launched a strategic review of 500 heavily imported products, ranging from semiconductors and chemicals to aviation components and carbon fibres. The initiative aims to identify sectors where domestic manufacturing can be expanded, reducing import dependence while strengthening supply chains, creating jobs, attracting investment, and enhancing India's long-term industrial competitiveness. The outcome could shape the next phase of India's manufacturing and economic growth story.

India's proposed acquisition of 114 Rafale fighter jets could create a massive opportunity for domestic defence suppliers. Data Patterns and Azad Engineering are attracting investor interest as the market anticipates significant localization, aerospace manufacturing, and defence electronics opportunities under the Make in India initiative.