Market News

HUL is strengthening its portfolio and route-to-market capabilities while embedding technology across operations

National Highways for EVs is working on transforming India’s highways into e-highways that are designed to support connected and dependable electric mobility at scale

The stock jumped as much as 9.3% in Mumbai on Wednesday, the most in more than a year, after India’s finance ministry announced a five-year extension of the so-called countervailing duties

India and the United States are nearing a significant trade agreement. US Ambassador Sergio Gor revealed negotiations are almost complete. Both nations are finalizing the last technical details. This deal is expected to be a win-win for both countries. Ambassador Gor is meeting with Union Commerce Minister Piyush Goyal to discuss the pact.

Sensex, Nifty, Stock Price Highlights: Indian equities traded lower despite strong global cues, though markets recovered from intraday lows. Sensex ended 303.67 pts or 0.41% lower at 73,492.60 (recovering from the day’s low of 74,346.17). Nifty 50 settled 77.95 pts or 0.33% lower at 23,405.60.

The fund will be utilised to strengthen research and advisory capabilities, expand team across functions, and support market expansion, the startup said in a statement.

The non-institutional investor portion was subscribed 3.83 times, retail category subscribed 1.99 times, and the employee segment was booked 2.64 times

The project, spread across nearly 2 acres, has 5 lakh sq ft of built-up area. It will have 96 apartments.

The Cabinet Committee on Economic Affairs has approved a Rs 4,415.60 crore project to upgrade and widen NH-347B in Madhya Pradesh. The 233.653 km project will enhance connectivity, reduce travel time, and boost regional economic development by improving road safety and linking key economic and social nodes.

The matter represents one of Apple's most prominent regulatory challenges in India, a strategically important market where the company has significantly expanded iPhone manufacturing as part of its efforts to reduce dependence on China.

Merritronix IPO GMP stood at ₹78 on the final day. Based on the upper end of the price band at ₹149, the estimated listing price works out to ₹227 per share, indicating a potential premium of about 52.35%.

BSE Sensex ends 303.67 points lower at 73,492.60; NSE Nifty 50 settles 78 points lower at 23,405.60

Bandyopadhyay was expelled from the TMC along with Sandipan Saha for alleged "anti-party" activities.

Forex traders said strong dollar demand, surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows dented investor sentiment further.

"They've already agreed they're not going to have a nuclear weapon," Trump said in a podcast interview.

Kuwait said it had suspended commercial flights after an Iranian drone attack heavily damaged the country's airport and caused injuries

The Nifty IT index dropped nearly 6 per cent, or more than 1,800 points, to an intraday low of 29,301 against the previous close of 31,116.55; all constituents of the index traded in the red

India's own military planning has also been influenced by recent hostilities with Pakistan, where unmanned aerial vehicles were deployed on a large scale, underscoring the need for enhanced surveillance and strike capabilities.

Despite a 303-point decline in the Sensex, six BSE Commodities index stocks touched fresh 52-week highs. Fineotex Chemical, Nitta Gelatin India, Balaji Amines, Rain Industries, GOCL Corporation and NMDC outperformed the broader market, signaling strong momentum and sustained investor confidence.

Leading investors will convene at the ET Alpha Wealth Summit in Mumbai on June 4 to dissect market trends and identify opportunities. Discussions will focus on artificial intelligence's impact on India's IT sector and the nation's economic trajectory, alongside the durability of India's growth story amidst global uncertainties.

Mumbai experienced early morning showers in areas like Borivli, Bandra, Andheri, and Vasai-Virar on June 3, with more rain expected later in the day.

Windfall tax, refinery maintenance and higher domestic focus pull down shipments for third straight month

Apollo’s ₹8,000-crore expansion to focus on preventive care and digital health, Reddy said

Uncertainty over the next chapter in the US-Iran war has also ⁠injected significant complexity in the Reserve Bank of India’s monetary policy decision due on Friday

Blocked exits, illegal structures and missing fire clearances emerge as investigators piece together the chain of lapses behind the Delhi hotel blaze that killed 21 people.

The rupee depreciated by 31 paise to 95.67 against the US dollar on Wednesday, influenced by proposed US additional duties on Indian imports due to labor violations. Strong dollar demand, rising crude oil prices, geopolitical tensions, and foreign capital outflows further weakened investor sentiment.

Fund aims to shield carriers from a 2.5-fold surge in jet fuel prices triggered by the West Asia crisis, while protecting jobs, connectivity and passengers from fare spikes.

Sri Lanka will be playing three ODIs, three T20Is, one tour match and two Tests during its month-long tour of the West Indies.

OMCs are staring at massive losses of up to Rs 1.2 lakh crore in the first quarter of FY27 as the sharp spike in global crude oil prices.

International ATF prices have surged nearly 2.5 times in recent months, rising from Rs 60.5 per litre in March 2026 to Rs 142 per litre in May 2026.

Michael Jackson is portrayed by his nephew, Jaafar Jackson, who makes his feature film debut with the project.

Powering the Galaxy Z Fold 8 Ultra will likely be the Snapdragon 8 Elite Gen 5 processor.

The price surge has adversely affected airlines and oil marketing companies.

A China-driven supply realignment, cutting gas imports by 45% and oil by 30%, has effectively added 7.5 million barrels daily to global markets, neutralising energy price fears. Morgan Stanley's Chetan Ahya argues a broad-based capex boom across AI, energy, defence, and industrial sectors is powering Asian growth, while urging India to slash foreign investor taxes to stem capital outflows.

A recent Supreme Court judgment clarifies that the GST valuation framework applies broadly to all betting and gambling activities, not just horse racing. This ruling upholds the imposition of the top GST slab on online gaming platforms, triggering significant retrospective tax exposure and altering the treatment of player funds.

England will host New Zealand in a three-Test series starting June 4 as part of the ICC World Test Championship 2025-27 at Lords, The Oval, and Trent Bridge.

A viral video of Indian tourists performing Garba at the Great Wall of China sparked debate online, with critics calling it inappropriate at a heritage site while others saw it as cultural expression. It raised tourism etiquette concerns.

After the court formally framed charges under the Prevention of Money Laundering Act, Fernandez denied all allegations levelled against her.

The Indian stock market fell on June 3, with the Nifty 50 down 0.36% and the Sensex down 0.54%. Rising crude oil prices and escalating Middle East tensions contributed to the decline, impacting investor confidence and market sentiment.

Beneficiaries upgrading to new BS-VI or electric vehicles will receive a 100% motor tax concession and a full waiver on registration fees.

India's refined fuel exports dropped significantly in May, reaching their lowest point since October 2022. Refinery maintenance, particularly at Reliance Industries' Jamnagar complex, reduced processing. Refiners also prioritized domestic demand for LPG, cutting petrol and diesel output for export. Favorable domestic sales and taxes on exports further influenced this trend. India's refined product trade is adapting to these changing dynamics.

TMC dissolves all Bengal units as expelled MLA Ritabrata Banerjee claims support of 60 legislators, deepening the party's biggest internal crisis in years.

Parle Industries stock is currently trading at Rs 8.09, accounting for gains of around 4.93% compared to Monday's closing price of Rs 7.71.

The streaming platform is rolling out AI tech, niche content, and ad features to keep the traffic it gained during the tournament from disappearing.

The Indian stock market resumed its losing run after a one-day hiatus on Wednesday, 3 June, although it closed significantly off the day's low, signalling some low-level buying by investors.

Uday Kotak, in a post on X, pointed to a recent announcement by Google, which despite being cash surplus, unveiled an additional capital raise of $80 billion.

The RBI's Monetary Policy Committee (MPC) began its three-day meeting on Wednesday, with most economists expecting the central bank to keep the repo rate unchanged at 5.25% when it announces its decision on June 5.

The Union Cabinet has approved significant development initiatives totaling Rs 30,290 crore. A key focus is providing Rs 10,000 crore in budgetary support to Oil Marketing Companies. This aims to stabilize Aviation Turbine Fuel prices for Indian airlines. This measure addresses the current fuel price volatility. The support will help ensure stable operations for domestic and international flights.

India's central bank is likely to maintain current interest rates. Despite rising fuel costs and potential monsoon issues, a key inflation measure remains low. Experts suggest firms are absorbing price pressures. The Reserve Bank of India will monitor data before considering any policy changes. Geopolitical risks and future cost pass-throughs remain factors.