Sensex Today | Stock Market LIVE Updates: Nifty scales back after testing 24,900; FirstCry parent shares up 11%

Here are a couple of stock recommendations by Manish Hathiramani of Deen Dayal Investments

Buy Reliance Industries with a stop loss of ₹1,400 and a target of ₹1,475

Buy Bharti Airtel with a stop loss of ₹1,825 and a target of ₹1,900

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.RBI MPC Meet | @RBI is set to announce the decision on rate cut on Friday. @CNBCTV18News poll suggests that the central bank will cut repo rate by another 25 bps in this meet. @_ritusingh with key expectations.#RBI #RBIMPC #ReserveBankOfIndia #MonetaryPolicyCommittee #RateCut… pic.twitter.com/VP9gb1W2W9

— CNBC-TV18 (@CNBCTV18News) June 5, 2025

Man Industries has secured a significant export order valued at ₹1,150 crore.#JustIn | Government may propose switching to 3-slab structure in upcoming GST council meeting, sources to @TimsyJaipuria

Alert ????: GST Council is the apex body where states & centre unanimously take a decision pic.twitter.com/KaTU4CDWq6

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

June 17 is expected to be a key trading day for two stocks that have recently been strong performers in the market.

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The Nifty index has climbed past the 24,800 mark, with Eternal, Dr. Reddy’s Labs (DRL), Trent, PowerGrid, and Reliance emerging as the top gainers.

#JustIn | #RailTel bags order worth ₹274.4 cr from #MotorVehiclesDepartment, #Maharashtra pic.twitter.com/HEyPwvHhEK

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

JPMorgan has called Coforge an “all-weather growth champion” and expects the stock to rise by 20%.

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RateGain Travel Technologies has partnered with Razorpay to enable smooth and efficient hotel payment solutions across India.

RateGain shares are down 1.79% currently.

Vishal Malkan of malkansview.com

Buy Adani Ports with a stop loss of ₹1,420 and a target of ₹1,500-1,530

Buy SRF with a stop loss of ₹3,100 and a target of ₹3,250#JustIn | #CentralBank acquires 24.91% stake in #FutureGeneraliIndiaInsurance for up to ₹451 cr pic.twitter.com/NzUh7r8d5h

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

Wockhardt Concall

#CNBCTV18Market | Sharp fall in M&M, down over 3% from day’s high pic.twitter.com/FkRKzjLjna

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

PB Fintech shares jumped after Citi projected that the stock could revisit its previous all-time high.

The stock is currently up nearly 1.22%, trading at ₹1863.80.

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#JustIn | Dr Reddy’s: #LIC buys additional 1% stake in the company since April 1, 2025

LIC now holds 8.22% stake vs 7.19% as of March 31, 2025 pic.twitter.com/INn1gdTikN

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

#JustIn | #AxisCap On Lupin & Zydus:

▶️US District allows cos to expand scope of argument in Myrbetriq generic case

▶️#Lupin & #Zydus now have ammunition to defend at-risk launch of Myrbetriq generic

▶️Expanding the scope of argument reduces the risk of penalty pic.twitter.com/VWSXKKP5Ya

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

The shares of RITES surged on Thursday’s trade by 3.30%. This marks the fourth straight session for which the company’s stocks have surged. The rail stock has surged by 34.03% in the past month of trade.

The current price of the stock stands at ₹305.30 per share.

HSBC says that a diabetes treatment drug has the potential to significantly boost Dr Reddy’s performance, following an upgrade in its rating.

More Information

Dipan Mehta, Director, Elixir Equities (fundamental)

On Power Space

By and large, the renewable power equipment manufacturers are the ones we should be focusing on. They are sitting on a very good order book position. And at the same time, capacities are coming up pretty well over there. But within that, we have the solar equipment, and we have the wind equipment. So within the two segments, we prefer the wind equipment companies. There are only two listed companies, Suzlon Energy and Inox Wind.

A disclosure, we and our clients are invested in them. I think the threat of competition is least for the wind equipment manufacturers. Basically, the Chinese cannot come and dump any of their equipment, and it cannot easily set up capacity the way we are seeing happening in solar modules and in solar cells.

And look at the order book position of Suzlon and Inox Wind – it is like a three- or four-year depth order book position and still growing. And now valuations have also become reasonable, mainly because earnings have shot up in the last three, four quarters or so.

So, within the entire power space, and even within the entire capital goods space, these two companies are our top bets. Having said that, it’s a disclosure; we are invested in these companies, so our views could be biased.

Rajiv Batra of JPMorgan said foreign portfolio inflows into India have been inconsistent as overall flows to emerging markets remain negative.

He noted that developed markets in Europe have been the first destination for capital exiting the US.

However, even a slight reduction in US allocations could lead to increased flows into emerging markets, including India.

Dipan Mehta, Director, Elixir Equities (fundamental)

On Dalmia Bharat

I think it’s one of the largest cement players with an aggressive expansion plan. And as I said, we are getting constructive on the cement industry, although a bit disappointed with the numbers which came from Ultratech and Shree Cement.

But yes, Dalmia Bharat also certainly is one of the stocks which may do well. But within the cement space, the top picks still remain ACC and Ambuja, and especially ACC, where there’s still scope for improvement in efficiencies, which may result in better bottom line and expansion of capacity as well.

But if you’re holding shares of any of the cement companies, the top 5-6 players or so, you can expect decent returns. We have seen an uptick in government spending, and real estate is also revving up. In terms of the number of projects they have announced and launched in the last six months, all of them should start going into the construction phase, so that should be supportive for cement demand, and all our infrastructure spending also will pick up.

And the most important thing about cement companies is the base effect will help them from this quarter onwards, although June quarter is one of the stronger quarters, and then we have the monsoon season, but the base effect will certainly benefit and optically the numbers for the cement companies for the upcoming earning season will look pretty decent.

Garden Reach Shipbuilders & Engineers Limited has signed a Memorandum of Intent (MoI) with Germany’s Carsten Rehder to build four multi-purpose vessels.

#CNBCTV18Market | Pharma stocks higher, #ZydusLife up over 2% pic.twitter.com/q2TmdEBgXW

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

Here are a couple of stock recommendations by Mitessh Thakkar, Technical Analyst

Buy Astral with a stop loss of ₹1,500 and a target of ₹1,570

Buy CESC with a stop loss of ₹165 and a target of ₹178

Buy Jio Financial with a stop loss of ₹287 and a target of ₹300

Buy JSW Energy with a stop loss of ₹500 and a target of ₹530

Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.

According to sources, the Reserve Bank of India (RBI) is considering loosening the rules to allow foreign financial institutions (like investment firms or banks from other countries) to own a larger share in Indian banks.

Current Rules:

Foreign institutions can currently own up to 15% in an Indian bank.

If their stake goes above 5%, they must get RBI approval.

Recently, the RBI made exceptions for companies like Fairfax and SMBC, allowing them to own more than 15% on a case-by-case basis.

What’s Next:

After reaching an internal agreement, the RBI may open the topic for public discussion (i.e., consult stakeholders before making a rule change).

The review is not expected to include giving bank licences to private manufacturing companies.

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Here are a couple of stock recommendations by Sudarshan Sukhani of Technical Trends

Buy Jubilant Foods with a stop loss of ₹673

Buy LIC Housing Finance with a stop loss of ₹591

Buy Torrent Power with a stop loss of ₹1,394

Buy Gujarat Gas with a stop loss of ₹464

#CNBCTV18Market | #Market opens higher, all the major indices in the green pic.twitter.com/fYWugoshWk

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

#RupeeCheck | #Rupee opens at 85.86/$ Vs Wednesday’s close of 85.90/$ pic.twitter.com/p3QHUzJwZe

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025