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Broader Markets Continue To Outperform Sensex & Nifty

Midcap Outperformance Keeps Mkt Breadth In Favour Of Advances

Sensex Rises 261 Points To 80,998 & Nifty 78 Points To 24,620

Nifty Bank Gains 77 Points To 55,678 & Midcap Index 408 Points To 57,925

QSR Stocks See A Big Move, Swiggy Surges 9% & Eternal More Than 3%

Positive Brokerage Note Helps Bharti Airtel Move 2% Higher

HDFC Bank Closes 1% Higher After SEBI Approves `12,500 Cr HDB Fin’s IPO

AB Fashion Slides More Than 10% Following Block Deals Of Nearly `1,000 Cr

Alkem & Tata Tech Fall While IEX Closes In the Green Following Major Block Deals

Ship Makers Continue To See Buying, Garden Reach Up 6%, Cochin Ship Rises 3%

Rail-related Companies See Buying Wit Ircon, Railtel, RVNL Rising 6-14%

Reliance Infra Moves 11% Higher As NCLAT Suspends NCLT’s Insolvency Order

PI Ind Gains More Than 4% As Its Biggest Customer Kuimai Raises The Outlook

KEC International Ltd has secured new orders worth ₹2,211 crore across its transmission and distribution, oil and gas pipeline, and cables businesses, the company said in a regulatory filing on Wednesday.

here

Rail infrastructure company Texmaco Rail & Engineering Ltd announced that it has bagged a ₹122.3 crore contract from the Mumbai Railway Vikas Corporation.

here

Bharat Electronics Ltd (BEL) has secured orders totalling ₹537 crore since its last announcement on May 16.#JustIn | KEC International bags orders worth ₹2,211 Cr for across various businesses pic.twitter.com/T3PBn0VZq7

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

KM Birla says the Bay Minette facility marks the group’s biggest greenfield investment globally.

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Zepto CEO confirms the company will file its DRHP within this year, despite speculation about an IPO delay.

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Global equities surged to a record high, driven by optimism around economic resilience.

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Here are a couple of stock recommendations by Jay Thakkar of ICICI Securities

Buy Oracle Financial Services Software (OFSS) with a stop loss of ₹8,400 and a target of ₹9,000-9,200

Buy JSW Energy with a stop loss of ₹498 and a target of ₹520-530

Ridham Desai, Managing Director and Head of India Research at Morgan Stanley, believes retail investor participation in India is not fleeting but long-term and sustainable.

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In an exclusive conversation with CNBC-TV18’s Shereen Bhan, Zerodha CEO Nithin Kamath shared his vision of transforming Zerodha into a full-fledged financial conglomerate, including banking, over the next decade.

Kamath also stated there’s no need for an IPO, as the company has ample cash to fund its goals.

He is representing India at the EY World Entrepreneur Of The Year 2025 Awards in Monaco.#IEXLargeTrade | 1 cr shares (1.12% equity) worth ₹202 cr change hands at ₹201.5/sh pic.twitter.com/n3kx9q0HNK

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

Amid global uncertainties and subdued domestic demand, private capital expenditure in India grew by just 8.4% in FY25, reaching ₹5.1 lakh crore — marking the slowest pace in four years. The general elections earlier in the year also contributed to the cautious investment sentiment.

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Ashi Anand, CEO & Founder, IME Capital

On IT Services

The key theme, which has clearly kind of worsened over the last kind of three or six months, is specifically kind of IT services. We aren’t speaking about digital here. We are speaking about IT services.

I think no one seems to understand what Trump is doing and the impact of the various measures that Trump is kind of undertaking on the US economy.

In that context, a lot of kinds of US companies are holding back on spending, and this is clearly pushing back the growth recovery that we were expecting from IT services. So this is a space that has clearly worsened a bit now.

On sectors

Sectors like the kind of consumer where growth was a bit weak or continues to be a bit weak. And I think the main thing we are kind of trying to focus on is that there were certain segments of capital goods, real estate, and capital markets. Now, these were companies that were only driving the overall earnings growth of the market.

Some of these have had a high base kind of catch-up, and as compared to if you see real estate companies are growing up 30 to 50 times on pre-sales, companies like DLF, Godrej Properties have now toned down that two kinds of high teen kind of growth. It’s still fairly attractive, but growth is coming off a bit there.

So the one main thing we are focusing on is, where do we see growth? And we will very actively be positioning our portfolios towards segments where we are seeing greater signs of the growth recovery.#GEShipping sees dry bulk recovery, tanker rates flat@_prashantnair @Nigel__DSouza https://t.co/LtnT1o6XJ2

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

Heavy selling pressure is weighing on these top five Nifty Midcap 100 stocks: ABFRL leads the losses, falling nearly 10.27%, followed by Alkem Laboratories down 2.53%, Phoenix Mills down 2.34%, Bharat Dynamics down 1.41%, and Suzlon Energy down 1.35%.

The shares of public-owned Railtel jumped on Wednesday. The company shares soared by over 11%, taking the overall value to ₹443.65.

In Q4 results, revenue for the Railway PSU increased by 57% from the same quarter last year to ₹1,308 crore. Net profit for the period also grew by 46% year-on-year to ₹113.45 crore.

Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter also increased by 54% year-on-year to ₹179.63 crore.

The shares of Ircon International jumped 12% on Wednesday. This comes after yesterday’s trading session, when the company’s stocks declined by under 1%.

The current stock price stands at ₹218.07 per share.

#RupeeCheck | Rupee depreciates more than 40 paise against US dollar from yesterday’s closing lvl, at $86/$ pic.twitter.com/FKiwCaOdRi

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

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

Buy IRFC with a stop loss of ₹140.50 and a target of ₹150

Buy AU SFB with a stop loss of ₹719 and a target of ₹750

On Defence PSU Stocks (Cochin Shipyard, Mazagon Dock, GRSE):

These stocks have rallied significantly. While they remain strong, new entries should wait for a pullback. For Mazagon Dock, a good re-entry zone is ₹3,250–₹3,200. GRSE is performing well but trading far above its short-term averages, so a 5–7% dip would offer a better entry. If holding these, continue to hold.

On Tata Technologies:

Tata Tech is showing signs of a pullback. A buying opportunity may arise around ₹744–₹735, with a stop loss at ₹730. The stock is expected to retest ₹780 and move higher.

The shares of Camlin Fine Sciences Ltd increased in value on Wednesday. The company shares jumped by over 6%. This marked a hat-trick of gains, as the company stocks made gains for the third straight session.

The current share price stands at ₹255.95.

Donald Trump took to Truth Social to air his displeasure over the progress of trade deal negotiations between China and the US.

Chennai Petro is set to invest ₹400 crore to establish retail fuel outlets, marking its return to the direct fuel retail sector nearly 20 years after exiting.

Probal Sen, Energy Analyst at ICICI Securities, remains bullish on GAIL, MGL, and Oil India, highlighting them as top picks while maintaining a positive outlook.

Though there are other buy recommendations, these three remain their preferred choices.

Shares of Sun Pharma Advanced Research Company (SPARC), a unit of India’s largest drug maker Sun Pharmaceuticals Ltd. fell as much as 18% on Wednesday, June 4, after it announced results from its Phase 2 trials of the SCD-044 drug.

 #CNBCTV18Market | PI Ind In Focus

–Kumiai Chemical Revises Its Outlook Higher For Year Ending Oct 2025

–Kumiai Chem Raises Revenue Outlook By 9% And EBITDA By 34% pic.twitter.com/r8XqS5SMh0

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

Mazagon Dock Shipbuilders has surpassed eight Nifty 50 stocks in terms of market value.

The stock is currently up nearly 1%, trading at ₹3,469.10

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Chandan Taparia, Motilal Oswal Financial Services

Buy SBI Card with a stop loss of ₹920 and a target of ₹980

Buy M&Mwith a stop loss of ₹3,020 and a target of ₹3,220

Buy RVNL with a stop loss of ₹405 and a target of ₹435NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.