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June 05, 2025

TLDR

📈 Market Recap: June 05, 2025

On June 5, 2025, Indian equity markets extended their gains for the second consecutive session. The BSE Sensex rose by 443.79 points (0.55%) to close at 81,442.04, while the NSE Nifty 50 advanced 130.70 points (0.53%) to settle at 24,750.90.

Key Drivers:

  • Rate Cut Expectations: Anticipation of a 25 basis point rate cut by the Reserve Bank of India (RBI) in its upcoming policy meeting bolstered investor sentiment.

  • Sector Performance: The Nifty Pharma index surged by 1.75%, and the Nifty Realty index gained 1.28%, leading the sectoral advances.

  • Investor Wealth: The market rally added approximately ₹3 lakh crore to investor wealth, with the overall market capitalisation of BSE-listed firms rising to nearly ₹448 lakh crore.

Today’s Top Stories:

  1. Flipkart Turns Lender: RBI NBFC licence lets e-commerce giant offer in-house credit before domestic IPO.

  2. Dr Reddy’s Bets on  $29 bn Keytruda Copy: Biosimilar pact positions firm for big oncology windfall post-2028 patents. $DRREDDY.NSE ( ▲ 2.29% ) 

  3. Rafale Parts to be ‘Made in Hyderabad’: Dassault-Tata line marks milestone for defence localisation and export push.

  4. Adani Airports Lands $750 MN: Fresh funding refinances debt and fuels expansion to 300 mn passengers. $ADANIENT.NSE ( ▲ 1.0% ) 

  5. Cochin Shipyard Shares Surge 12.7% on Defence Order Optimism: Cochin Shipyard's stock soared 12.7% amid optimism over defence-linked orders and a strong Q4 performance. $COCHINSHIP.NSE ( ▲ 0.59% ) 

MARKETS

Market Snapshot

Nifty 50 Index Heatmap

Top Gainers & Losers

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TOP STORIES

1. Flipkart Turns Lender

DALL-E

  • Regulatory nod: Walmart-owned e-commerce giant can now lend directly to buyers and sellers instead of via partners.

  • Fintech play: Let's Flipkart build a proprietary loan book ahead of a planned India listing; could deepen UPI/BNPL cross-sell.

  • Next steps: Internal clearances underway; rivals Amazon & PhonePe eye similar pushes—fintech competition heats up.

2. Dr Reddy’s Bets on  $29 bn Keytruda Copy

DALL-E

  • Deal terms: The partners will co-develop, manufacture and share global rights to a biosimilar of Merck’s blockbuster cancer drug.

  • Strategic fit: Adds a marquee oncology asset to Dr Reddy’s fast-growing biosimilars pipeline ahead of U.S. patent expiries from 2028.

  • Market reaction: Stock jumped 4 % as analysts flagged multibillion-rupee revenue potential post-launch.

3. Rafale Parts to be ‘Made in Hyderabad’

DALL-E

  • Manufacturing win: First Rafale airframe line outside France will deliver two fuselages a month from FY 2028.

  • ‘Make in India’ boost: Supports New Delhi’s drive for defence indigenisation and export growth (FY 25 exports ₹23,000 cr).

  • Industry read-through: Tata Advanced Systems’ order book swells; defence-supplier stocks gained 1-3 % intraday.

4. Adani Airports Lands $750 MN

DALL-E

  • Transaction: Consortium led by First Abu Dhabi Bank, Barclays & StanChart arranged the multi-currency facility.

  • Use of funds: $400 mn to refinance existing debt; balance to expand six airports and fast-track Navi Mumbai greenfield project. 

  • Outlook: Management targets passenger capacity tripling to 300 mn by 2040; Adani Ent. shares ended -0.6 % amid wider volatility. 

5. Cochin Shipyard Shares Surge 12.7% on Defence Order Optimism

DALL-E

  • Stock Performance: Cochin Shipyard's shares soared by 12.7%, reaching a fresh 52-week high, amid renewed optimism on defence-linked orders.

  • Strategic Implication: The company is seen as a key beneficiary of the Centre’s push for domestic naval production and has a strong execution track record in exports and strategic projects.

  • Market Reaction: The rally comes on top of a strong Q4 performance and a healthy order pipeline, reflecting investor confidence in the company's growth prospects. 

GYAANI HOT TAKES

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