TLDR
📈 Market Recap: June 04, 2025
On June 4, 2025, Indian equity markets rebounded after a three-day losing streak. The BSE Sensex gained 260.74 points (0.32%) to close at 80,998.25, while the NSE Nifty 50 rose 77.7 points (0.32%) to settle at 24,620.20.
Key Drivers:
Global Cues: Positive global market trends and optimism over U.S.-China trade negotiations boosted investor sentiment.
Rate Cut Expectations: Anticipation of a 25 basis point rate cut by the Reserve Bank of India (RBI) in its upcoming policy meeting supported the market's upward movement.
Sector Performance: Most sector indices ended in the green, with notable gains in Oil & Gas (0.67%), Metal (0.60%), and IT (0.33%). The Realty sector was the sole laggard, declining by 0.70%.
Today’s Top Stories:
Flipkart Exits ABFRL, Shares Sink 11 % - E-commerce giant offloads entire 6 % holding for ₹ 582 cr; overhang and downgrade drag stock to year-low. $ABFRL.NSE ( ▲ 3.1% )
RBI Meeting Starts; 25 bps Cut Widely Priced In - Benign inflation steers economists toward repo at 5.75 %; bond yields ease on policy hopes.
Services PMI 58.8 Signals Strong Demand - Robust orders and record hiring extend growth streak, but rising costs keep inflation debate alive.
Scoda Tubes lists flat, Rallies to Upper Circuit - ₹ 220 cr stainless-steel IPO opens at issue price, then jumps 5 % on post-listing scramble. $SCODA.P ( 0.0% )
Coforge 5-for-1 Split Widens Investor Base - Mid-cap IT name trades ex-split; liquidity uptick nudges price 2 % higher. $COFORGE.NSE ( ▲ 0.63% )
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TOP STORIES
1. Flipkart Exits ABFRL, Shares Sink 11 %
DALL-E
2. RBI Meeting Starts; 25 bps Cut Widely Priced In
DALL-E
Market Pulse: 10-yr yield slipped to 6.68 % before settling near 6.70 %; rate-sensitives firmed late session.
3. Services PMI 58.8 Signals Strong Demand
DALL-E
Takeaway: Export orders at series peak underpin momentum, but a steep input-cost rise may complicate the RBI's dovish path.
Market Read-Through: Rupee firmed to ₹ 82.71/US$; PSU banks pared early losses on growth optimism.
4. Scoda Tubes lists Flat, Rallies to the Upper Circuit
DALL-E
5. Coforge 5-for-1 Split Widens Investor Base
DALL-E
Rationale: Management aims to broaden retail ownership and improve daily turnover ahead of the FY26 growth push.
GYAANI HOT TAKES
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