Stocks in News Today – June 4, 2025
Stay informed with the latest developments in the Indian stock market as of June 4, 2025. This comprehensive overview highlights key stock movements, market trends, and significant financial news impacting investors and traders.
Stocks in news: Market Overview
On June 3, 2025, the Indian stock market witnessed a downturn, with the S&P BSE Sensex dropping by 636.24 points to close at 80,737.51, and the Nifty 50 declining by 174.10 points to settle at 24,542.50. The decline was attributed to global trade tensions, particularly concerns over new tariffs imposed by the U.S., and profit booking in key sectors like finance and IT.
Top Gainers
- Grasim Industries: The stock gained 1.12%, closing at ₹2,552.40, driven by strong quarterly earnings and positive outlook in the chemicals segment.
- Shriram Finance: Witnessed a rise due to increased investor interest in NBFCs amid expectations of favorable regulatory changes.
- M&M: Mahindra & Mahindra’s shares appreciated following the announcement of new electric vehicle launches and strategic partnerships.
Top Losers
- Adani Ports: Shares fell by 2.43% to ₹1,432.30 amid reports of a U.S. investigation into alleged trading of Iranian LPG, which the company has denied.
- Bajaj Finserv: Experienced a decline due to profit booking and concerns over rising interest rates impacting NBFC margins.
- Coal India: The stock dipped as global coal prices softened, affecting revenue projections.
IPO Watch: Scoda Tubes
Scoda Tubes is set to debut on the BSE and NSE today. The IPO received a positive response from investors, and analysts anticipate a strong listing performance based on the company’s robust order book and growth prospects.
Corporate Actions
Several companies are in focus due to upcoming corporate actions:
- Tata Consultancy Services (TCS): Trading ex-dividend today, impacting stock valuations.
- Tata Motors: Announced a stock split to enhance liquidity and attract retail investors.
Analyst Recommendations
Market analysts have provided stock recommendations for investors:
- Gujarat State Fertilizers & Chemicals Ltd (GSFC): Recommended as a buy with a target price of ₹240, citing strong R&D capabilities and a robust financial position.
- Indian Hotels: Suggested for accumulation due to the anticipated surge in tourism and hospitality demand.
Global Cues
International markets are exhibiting mixed signals. European indices like the DAX showed marginal gains, while U.S. futures are trading lower, indicating potential caution among investors. The global sentiment is influenced by ongoing trade negotiations and economic data releases.
Conclusion
Investors are advised to stay vigilant amid global uncertainties and sector-specific developments. Diversifying portfolios and focusing on fundamentally strong companies can help navigate the current market volatility. Regularly monitoring financial news and analyst insights will aid in making informed investment decisions.
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