TLDR
Market Recap: June 04, 2026
On June 04, Indian equities ended almost unchanged on June 4 after recovering from early losses, as RBI-policy caution, Middle East risk, and persistent foreign selling kept the tape restrained. Sensex closed at 74,360.01, up 13.84 points or 0.02%, while Nifty 50 ended at 23,416.55, up 10.95 points or 0.05%. Midcap 100 and Small cap 100 gained around 0.5% each, while India VIX cooled to 15.89, down about 2.4%. FIIs sold ₹4,447.06 crore, mostly offset by DII buying of ₹4,360.14 crore.
Key Drivers :
RBI wait dominated: Policy decision kept risk appetite measured carefully before Friday’s announcement.
Crude risk capped gains: Brent near $96 kept macro comfort limited despite rebound attempts.
Domestic flows cushioned: DIIs absorbed most foreign selling in Thursday’s cash market session.
Today’s Top Stories:
PhysicsWallah rallies as NBFC pivot cools lending-risk concerns: NBFC pivot reset lending fears and turned a battered edtech stock sharply higher.
Rajesh Exports hits lower circuit after SEBI revenue allegations: SEBI’s allegations put revenue quality and governance back under harsh scrutiny today.
Titan and Bluestone rally on aggressive FY30 jewellery playbook: Titan’s FY30 jewellery targets gave discretionary consumption bulls a clean large-cap anchor.
Power-equipment names gain as Citi backs India’s grid cycle: Citi’s grid-capex thesis pulled power-equipment names into the energy-transition trade on Thursday.
Agarwal Industrial hits upper circuit on HPCL bitumen order: HPCL’s bitumen order turned Agarwal Industrial into Thursday’s strongest contract-led mover.
Market Snapshot
CNBC
Nifty 50 Index Heatmap
Trading View
Top Gainers & Losers
Trading View
TOP STORIES
1. PhysicsWallah rallies as NBFC pivot cools lending-risk concerns
Gemini-2.5
Strategy pivot: Company moved student loans to NBFC partners, reducing direct credit exposure.
Market reaction: Shares surged nearly 18%, snapping a five-session losing streak decisively.
Investor read: Lower capital intensity helped reprice the edtech growth story today.
2. Rajesh Exports hits lower circuit after SEBI revenue allegations
Gemini-2.5
Regulatory action: SEBI temporarily barred the company and promoter pending the investigation.
Allegation scale: Regulator alleged ₹15.15 trillion of revenue misrepresentation over the FY21-FY25 period.
Market reaction: Shares hit a 5% lower circuit as governance risk spiked immediately.
3. Titan and Bluestone rally on aggressive FY30 jewellery playbook
Gemini-2.5
Growth roadmap: Titan targets doubling jewellery revenue and 1,400 stores by FY30.
Peer signal: Bluestone outlined ₹12,000 crore FY30 sales ambition during investor day today.
Market reaction: Titan and Bluestone gained up to 4.5% on growth visibility.
4. Power-equipment names gain as Citi backs India’s grid cycle
Gemini-2.5
Brokerage trigger: Citi initiated buy ratings on key grid equipment stocks with Street-high targets.
Sector thesis: Transmission capex emerged as an energy-transition bottleneck globally, according to Citi.
Market reaction: Hitachi, GE Vernova and CG Power gained up to 4.3%.
5. Agarwal Industrial hits upper circuit on HPCL bitumen order
Gemini-2.5
Order win: Company secured ₹477.5 crore HPCL bulk bitumen supply tender contract.
Execution window: Contract covers Mumbai, and Mangalore supplies through the May 2027 term.
Market reaction: Shares hit the 20% upper circuit limit after today's order disclosure.
GYAANI HOT TAKES
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