Flipshares

June 04, 2025

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:

  1. 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 ( ▲ 0.83% ) 

  2. RBI Meeting Starts; 25 bps Cut Widely Priced In -  Benign inflation steers economists toward repo at 5.75 %; bond yields ease on policy hopes.

  3. Services PMI 58.8 Signals Strong Demand - Robust orders and record hiring extend growth streak, but rising costs keep inflation debate alive.

  4. 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% ) 

  5. Coforge 5-for-1 Split Widens Investor Base -  Mid-cap IT name trades ex-split; liquidity uptick nudges price 2 % higher. $COFORGE.NSE ( ▲ 0.31% ) 

MARKETS

Market Snapshot

Nifty 50 Index Heatmap

Top Gainers & Losers

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TOP STORIES

1. Flipkart Exits ABFRL, Shares Sink 11 %

DALL-E

  • Transaction: Flipkart Investments sold 7.3 cr shares (6 %) of Aditya Birla Fashion & Retail at ₹ 76-80, raising ₹ 582 cr. 

  • Strategic Angle: Exit lets Walmart-owned (WMT) Flipkart redeploy capital while ABFRL focuses on value-fashion revamp after its Madura demerger. 

  • Market Reaction: Stock slid 11 % to ₹ 76.10, hitting a 52-week low on supply overhang and a Goldman downgrade. 

2. RBI Meeting Starts; 25 bps Cut Widely Priced In

DALL-E

  • Macro Setup: April CPI at 3.16 % gives room for third consecutive easing; 53 of 61 economists expect a cut Friday. 

  • Implications: Lower rates could stoke credit demand and ease mortgage EMIs; banks lobby for CRR tweaks to aid transmission. 

  • 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

  • Data Print: May HSBC Services PMI edged up from 58.7 to 58.8—46th straight month above 50—with 16 % of firms adding staff. 

  • 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

  • Listing Math: ₹ 220 cr IPO (57.4× subscribed) listed flat at ₹ 140 on BSE/NSE. 

  • Use of Proceeds: Funds earmarked for stainless-steel tube capacity expansion and working-capital needs. 

  • Market Move: Buyers chased scarcity; shares locked 5 % up limit minutes after open. 

5. Coforge 5-for-1 Split Widens Investor Base

DALL-E

  • Corporate Action: 5-for-1 stock split effective today; record date 4 June. 

  • Rationale: Management aims to broaden retail ownership and improve daily turnover ahead of the FY26 growth push.

  • Price Tick: Shares gained ~2 % intraday to ₹ 1,601 (adjusted), outperforming Nifty IT. 

GYAANI HOT TAKES

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