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Positive opening expected on supportive global market cues

Domestic equity benchmark indices Nifty 50 and Sensex closed higher last week by 1.0% and 0.9% respectively while broader markets outperformed with BSE Midcap/SmallCap gaining 2.1%/2.0% WoW respectively. The highlight of the week was the surprise RBI MPC meet outcome where it announced a 50-bps rate cut in repo rate and 100 bps in CRR to 5.5% and 3.0% respectively. The committee also lowered the inflation expectation for FY26 to 3.7% from 4.0% earlier while keeping the growth outlook intact. On the global front, the cues were largely supportive despite escalation of geopolitical tensions (Russia-Ukraine), FII selling and trade led uncertainties. With earnings season now behind, global market cues along with domestic economic data flow (CPI, trade balance and further progress on monsoon) will act as catalysts for the market.

US market posted strong gains on Friday with all the three major benchmark indices gaining more than 1% each reacting on better-than-expected nonfarm payrolls data. The US economy added 1,39,000 jobs in May'25 vs the estimate of 1,25,000. The unemployment rate was also steady at 4.2%. Asian markets are currently trading in green indicating a positive opening for our market today.

Key Actionable

Mahindra and Mahindra: The company’s total production in May’25 increased 7.6% YoY to 89,626 units vs 70,261 units in May’24. Total sales rose 16.6% YoY to 80,458 units in May’25 vs 69,011 units in May’24. Further, M&M's total exports in May’25 significantly grew 36.7% YoY from 2,671 units in May’24 to 3,652 units in May’25 – Positive in short term

MCX: The company received approval from SEBI to launch electricity derivatives ­– Positive in medium to long term

Bikaji Foods International: NCLT approved the scheme of amalgamation of Vindhyawasini Sales with the company ­– Neutral to Positive in short term

PNC Infra: The company received a letter of acceptance from Rajasthan government for a Rs 240-cr construction order for construction of a flyover in Bharatpur, Rajasthan, with a completion period of 24 months – Positive in short term

RailTel Corporation of India: The company received a work order from Department of Education Samagra Shiksha for supply of UPS and printers amounting to Rs 15.97 cr – Positive in short term

Rites: The company entered into an agreement with Hindustan Copper to develop critical mineral supply chain – Neutral to Positive in short term

Hyundai Motor India: The company released Rs 16 cr as first tranche towards subscription of 23.6 lakh shares of FPEL TN Wind Farm – Neutral to Positive in short term

CG Power: The company clarified on reports citing company’s chip plans rocked by turmoil at wafer company Wolfspeed. The company said that the media report is not based on any official statement from Renesas and contains several inaccuracies – Neutral in short term

GHV Infra Projects: The company received Rs 546 cr construction order from GHV (India) – Positive in short term

MedPlus Health Services: The company received three suspension orders for a drug license for stores in Karnataka, Andhra Pradesh and Tamil Nadu – Neutral to marginally Negative in short term

UPL: Associate company Serra Bonita to sell entire assets for $125 million – Neutral to Positive in short term

VIP Industries: Jiaxing Bianca travel goods company files a commercial suit against the company in Bombay Civil Court – Neutral to marginally Negative in short term

Hindustan Zinc: The board to mull first interim dividend for FY26 on June 11 – Neutral to Positive in short term

Seamec: The company signed an agreement with Mubarak Bridge, Dubai for charter hire of Vessel SEAMEC III – Positive in medium to long term

Nazara Technologies: Smaaash Entertainment becomes a wholly owned arm. The company extends inter-corporate loan of Rs 116 cr to Smaaash – Neutral to Positive in short term

Electronics Mart: The company commenced commercial operations of the New Store in Andhra Pradesh – Neutral to Positive in short term

JK Cement: The company completed the acquisition of 60% stake of Saifco cements for Rs 150 cr – Neutral to Positive in short term

Orchid Pharma: NCLT to dispose-off dispute on lease rentals with DBS Bank India – Neutral to Positive in short term

Baazar Style Retail: The company opened a new store in Uttar Pradesh – Neutral to Positive in short term

Ethos: The company raised Rs 410 cr via rights issue – Neutral to Positive in short term

Balaji Telefilms: The company entered into a long-term creative collaboration with Netflix – Neutral to Positive in short term

Garden Reach Shipbuilders: The company signed an MoU with Sweden-based Berg Propulsion for supply of marine propulsion systems, and with Denmark-based SunStone for partnership in areas of expedition cruise vessels – Positive in mediumto long term

Enviro Infra Engineers: The company's subsidiary EIE Renewables acquired Sunaxis, and became a step-down wholly-owned subsidiary post acquisition – Neutral to Positive in short term

Afcons Infrastructure: The company received a letter of award for Rs 700 cr order from Reliance Industries for construction works of vinyl projects at Dahej, Gujarat – Positive in short term

Nibe: The company entered a licensing agreement with Defence Ministry for transfer of Modular Bridging System Technology – Positive in medium to long term

Hindustan Copper: The company signed an MoU with Rites to secure supply chain of metals and minerals, including critical minerals – Positive in medium to long term

Lupin: The drug-market received a tentative nod from the USFDA for Oxcarbazepine Extended-Release Tablets, which will be manufactured at Lupin’s Nagpur facility in India. Oxcarbazepine ER Tablets are used to treat partial onset seizures in patients 6 years of age & older – Positive in medium to long term

Bank of Baroda: The bank cut its repo-based lending rates by 50 basis points across some tenures – Neutral to Positive in short term

Bank of India: The bank revised RBLR to 8.35% from 8.85% – Neutral to Positive in short term

Punjab National Bank: The bank revised RLLR to 8.35% from 8.85% effective June 9 – Neutral to Positive in short term

UCO Bank: The bank cuts MCLR by 10 basis points across tenures effective June 10 – Neutral to Positive in short term

Indian Bank: The bank revised RBLR to 8.20% from 8.70% effective June 9 – Neutral to Positive in short term

Trading Tweaks 

Price Band change from 2% to 5%: RBZ Jewellers. 

Price Band change from 5% to 20%: Tolins Tyres. 

Ex- Dividend: NELCO.

Fund Flows – Cash Market (06^th June)

FII (Rs cr):  +1,009.7

DII (Rs cr): +9,342.5

Bulk Deals – NSE

Block Deals – NSE

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