Market Bizzz

The real estate sector has emerged as a powerhouse, with the BSE Realty index recording substantial weekly gains. This momentum can be traced back to the Reserve Bank of India’s repo rate cut, which has sparked renewed interest in property investments. Leading the charge is Sobha, whose stock has taken off, joined by gains in Financial Services and Metal sectors.

Indian equities surged in May 2025, led by a 22% rise in defence stocks and a 12.1% gain in microcaps. Broader markets outperformed large caps as risk-on sentiment returned. An unexpected RBI rate cut in June further boosted optimism.

The Nifty showed signs of upward movement after a two-week consolidation, closing with a weekly gain of 1.02%. It faces resistance at 25,100-25,150, and a breakout is needed for a sustained uptrend. PSU Banks are expected to outperform, while IT shows bottoming-out signs. A cautiously positive approach is advised, focusing on profit protection and strong technical setups.

Major deals occurred in the stock market. Big investors like SBI MF and Morgan Stanley bought a stake in Bajaj Finserv from its promoters. The deal was worth Rupees 5,506 crore. Similarly, Wabco Asia sold part of its stake in ZF Commercial Vehicle for Rupees 792 crore.

The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Trump said on Friday as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs.

Indian Renewable Energy Development Agency (IREDA) has launched a QIP to raise up to Rs 5,000 crore. The board has set the floor price at Rs 173.83 per share with a possible 5% discount. IREDA posted strong Q4 earnings with a 49% rise in net profit and continues to attract positive analyst attention despite a mixed yearly performance.

“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

InCred Capital booked profits in Adani Port and exited Cipla due to margin concerns, while introducing Camlin Life Science, anticipating stabilization and benefits from anti-dumping duties. They remain neutral on IT and consumer staples, favoring autos and high-end consumption plays like Ethos and TCPL Packaging. Despite tepid Nifty 50 earnings growth, mid and smallcaps show promise.

Six Nifty500 stocks, including Indegene, Star Health, and JSW Steel, slipped below their 200-day moving averages on June 4, signalling a potential downtrend and bearish market sentiment for these shares.