Automobile and textile stocks are expected to drive the market as key companies announce their May sales figures, with analysts predicting robust sales due to the government’s relief measures for the textile industry. Major companies such as Tata Motors, Maruti Suzuki, and Reliance Industries are expected to be impacted by the export levy cut on petrol, diesel, and ATF.
Reliance Industries Ltd. (RIL) has reportedly reduced new hirings by 90,000 in FY26, signaling a worrying trend in the industry. The decline is attributed to a new career option in the Reliance Jio home business and AI adoption.
The National Company Law Appellate Tribunal (NCLAT) has given Supreme Housing its final chance to settle its outstanding dues of ₹567 crore with Canara Bank. The company must deposit ₹460 crore by June 13, 2026, or face insolvency proceedings.
The National Company Law Appellate Tribunal (NCLAT) has given Supreme Housing a final chance to settle its debt of ₹567 crore with Canara Bank. The company must deposit ₹460 crore in a no-lien account with the bank by June 13, 2026, to avoid the insolvency process being initiated.
Former ED Special Director Satyabrata Kumar has opted for voluntary retirement, raising concerns about the impact on ongoing investigations and the ED’s ability to tackle high-profile cases like Nirav Modi and Vijay Mallya.
India’s primary market is expected to see a selective revival in June after a two-month lull, with several companies lining up public issues despite geopolitical uncertainty and volatility. Market participants say a stabilisation in sentiment could unlock a stronger IPO calendar in the second half of FY27.
India’s IPO market is expected to see a selective revival in June, with a handful of companies lining up public issues despite geopolitical uncertainty and market volatility. Companies with strong fundamentals and reasonable pricing may proceed with their IPOs, stabilising sentiment could unlock a stronger IPO calendar in the second half of FY27.
SBI Research calls for stronger RBI intervention to support the rupee, citing excessive depreciation and undervaluation. The RBI is expected to maintain interest rates amid rising inflation risks, but should address currency volatility.
Central Bank of India is set to expand its services by entering the wealth management and credit card business, aiming to boost its fee income. The bank plans to focus on improving its non-interest income through the launch of new products and services.
The cash market segment of equity markets has witnessed a significant surge in average daily turnover, driven by the fear of missing out (FOMO) syndrome among retail investors. With a 22-month high of Rs 1.42 lakh crore in May, the market is expected to remain strong despite global uncertainties.
