Indian Markets Rebound; Vodafone Idea Stock Dips After Ericsson Stake Sale
Key Takeaways
- Nifty50 closed at 24,620.20 (+77.70 points); Sensex at 80,998.25 (+260.74 points) on June 4, 2025.
- Vodafone Idea slipped nearly 2% after Ericsson India sold its remaining 0.6% stake.
- Flipkart sold its entire 6% stake in Aditya Birla Fashion & Retail for Rs 582 crore.
- RBI's MPC began meeting amid expectations of a rate cut to bolster economic growth.
- Yes Bank board approved fundraising of ₹16,000 crore via equity and debt instruments in FY26.
Top Stories
Indian markets close higher on June 4, 2025.
On June 4, 2025, Indian equity markets rebounded, with the Nifty50 closing at 24,620.20 (up 77.70 points) and the Sensex at 80,998.25 (up 260.74 points). This was driven by strong domestic economic factors and sustained mutual fund inflows, snapping a three-day losing streak.
Vodafone Idea slips after Ericsson India stake sale.
On June 4, 2025, Vodafone Idea's stock slipped nearly 2% after Ericsson India offloaded its remaining 0.6% stake in the company via a bulk deal, raising Rs 428.43 crore.
Flipkart sells stake in Aditya Birla Fashion & Retail.
On June 4, 2025, Walmart-owned Flipkart sold its entire 6% stake in Pantaloons owner Aditya Birla Fashion & Retail (ABFRL) in a Rs 582 crore bulk deal. The Birla Group stock fell over 10% to close the day at Rs 77.08 on NSE following the exit.
RBI policy meeting begins amid rate cut expectations.
On June 4, 2025, the RBI's Monetary Policy Committee (MPC) began its three-day meeting amid expectations of a policy rate cut to bolster economic growth. The decision is expected on June 6, 2025.
Yes Bank board approves fundraising of ₹16,000 crore.
Yes Bank's board approved raising up to ₹7,500 crore in equity capital and ₹8,500 crore through debt instruments during FY26, as reported on 2025-06-04. The fundraising will be executed in multiple tranches, both in domestic and international markets.
Company Beat
NCLAT halts insolvency proceedings against Reliance Infra.
On 2025-06-04, it was reported that NCLAT halts insolvency proceedings against Reliance Infrastructure, suspending the earlier order passed by the National Company Law Tribunal (NCLT), Mumbai.
Swiggy shares rise after Morgan Stanley's 'Overweight' rating.
On June 4, 2025, Swiggy shares rose over 8% in two trading sessions after Morgan Stanley initiated coverage with an 'Overweight' rating and a price target of Rs 405, implying a potential upside of 22%. The shares ended at Rs 360.80 on the NSE, rising by Rs 27.60 or 8.3%.
Mazagon Dock surpasses Nifty 50 constituents.
On Wednesday, 2025-06-04, Mazagon Dock Shipbuilders shares rose by 3.2% to Rs 3,548 on the BSE, reaching a market capitalization of Rs 1.43 lakh crore, surpassing eight Nifty 50 index constituents.
Mazagon Dock shares surge in past year.
On 2025-06-04, it was reported that Mazagon Dock shares have increased 111% in the past year, 46% over six months, 60% in three months, and 14.7% in the last month.
Yes Bank to amend Articles for SMBC agreement.
Yes Bank will amend its Articles of Association to support its strategic agreement with Japan's Sumitomo Mitsui Banking Corporation (SMBC), as reported on 2025-06-04.
Swiggy shares down YTD, market cap at ₹86,517 crore.
On 2025-06-04, it was mentioned that Swiggy shares are down 36% year-to-date but have gained 13.5% over the past month. The company’s current market capitalisation stands at Rs 86,517 crore.
Vedanta plans to raise ₹5,000 crore via NCDs.
On 2025-06-04, Vedanta Ltd. announced plans to raise up to ₹5,000 crore through secured NCDs via private placement with top mutual funds, insurers, and AIFs to refinance debt and support capital expenditure amid an ongoing business demerger. Coupon rates are 9.35–9.45%.
Carlyle offloads 2.6% stake in Yes Bank.
On 2025-06-04, it was reported that Carlyle, a private equity fund, offloaded a 2.6% stake in Yes Bank, leaving it with a 4.22% holding. The stake is worth Rs 1,737 crore at closing share price.
Sun Pharma discontinues SCD-044 clinical trial.
On June 4, 2025, Sun Pharma announced that its clinical trial program SCD-044 failed to meet the end point in a Phase-2 trial and is discontinuing the program. The stock of Sun Pharma Advanced Research (SPARC) declined by 18 per cent.
Garden Reach Shipbuilders hits upper circuit on Norway MoU.
On June 4, 2025, Garden Reach Shipbuilders shares hit a 10% upper circuit after an MoU with Norway’s Kongsberg to build India’s first polar research vessel. The stock ended at Rs 3,368, declining by Rs 217.50 or 6.90%.
Indegene shares decline after block deal.
On June 4, 2025, Indegene shares ended with a 4% decline at Rs 594.50 on the NSE, following a block deal where CA Dawn is expected to have sold shares worth Rs 1,420 crore according to media reports.
Mazagon Dock anticipates revenue growth for FY26.
On 2025-06-04, Mazagon Dock anticipates revenue growth of 8–10% and a Profit Before Tax margin of 15% for FY26. The company projects its order book could grow to Rs 1.25 lakh crore from the current Rs 32,260 crore, depending on the finalization of two major submarine contracts, the P75 and P75I, with the P75 submarines order likely to be signed as early as next month.
Axis Bank share price declines on June 4, 2025.
On 2025-06-04, Axis Bank's share price was updated live, with the current price standing at Rs 1171.70, reflecting a daily decline of 0.83%. The stock has delivered returns of 3.69% over the past year and 188.49% over the last five years.
Reliance Infra makes full payment to Dhursar Solar.
Reliance Infra said in a stock exchange filing dated 2025-06-02 that the company has made full payment of Rs 92.68 crore to Dhursar Solar Power Private Limited, towards claim of tariff as per the Energy Purchase Agreement with the company, according to a report published on 2025-06-04.
Morgan Stanley forecasts growth for Swiggy's segments.
On 2025-06-04, it was reported that Morgan Stanley expects Swiggy’s food delivery segment to grow at a CAGR of 15.8% between FY25 and FY28. Swiggy’s quick commerce business (Instamart) is expected to grow its Gross Order Value (GOV) at a CAGR of 63% over FY25–28.
Yes Bank executives resign on June 4, 2025.
On 2025-06-04, it was reported that Akshay Sapru, country head, private banking and liabilities products, and Sanjiv Roy, country head fee based products, resigned from Yes Bank.
Infosys closes higher on June 4, 2025.
On June 4, 2025, Infosys closed at Rs 1550.0, reflecting an increase of 0.46%. It is currently priced at Rs 1553.70, with a percentage change of 0.70% today and boasts 5-year returns of 119.94%.
HUL closes higher, surpasses 100-day SMA.
On June 4, 2025, HUL concluded the trading session with a closing price of Rs 2365.0, marking a positive change of 0.54% for the day. HUL surpassed its 100-day Simple Moving Average, priced at Rs 2,362.9.
HUL's mixed performance on June 4, 2025.
On June 4, 2025, HUL's price showed a slight uptick of 0.12% to Rs 2355.10, with one-year returns indicating a decline of 5.78%. The stock showed mixed performance across different timeframes.
Market Movers
Sensex and Nifty plunge on June 3, 2025.
On Tuesday, 2025-06-03, the 30-share BSE Sensex tanked 636.24 points, or 0.78%, to settle at 80,737.51. The Nifty plunged 174.10 points, or 0.70%, to 24,542.50.
Motilal Oswal launches BSE 1000 Index Fund NFO.
Motilal Oswal Mutual Fund launched a new fund offer (NFO) for its Motilal Oswal BSE 1000 Index Fund, as reported on 2025-06-04. The NFO will open on June 5 and close on June 19.
Sensex gainers and losers on June 4, 2025.
On June 4, 2025, on the Sensex, Bharti Airtel, Tech Mahindra, IndusInd Bank, and HCL Tech opened with gains. TCS, UltraTech Cement, ICICI Bank, Sun Pharma, and Titan declined in early trade.
Nifty50 top gainers and losers on June 4, 2025.
On June 4, 2025, the top gainers in Nifty 50 included Eternal, Jio Financial, IndusInd, and Tata Motors. Bajaj Finserv, Trent, and Eicher Motors depreciated, with SPARC and ABFRL experiencing significant drops.
FIIs continue selling, DIIs remain net buyers.
On June 3, 2025, Foreign Institutional Investors (FIIs) continued their selling spree for the third consecutive session, offloading equities worth Rs 2,853.83 crore. Domestic Institutional Investors (DIIs) remained net buyers for the 11th consecutive session, investing Rs 5,907.97 crore in equities.
Market trades positively awaiting RBI policy meet.
On Wednesday, 2025-06-04, Vinod Nair of Geojit Investments noted that the domestic market traded in a narrow range with a mildly positive bias, supported by favourable global cues. Investors are focused on the RBI policy meeting.
Market sentiment neutral on June 4, 2025.
On Wednesday, 2025-06-04, market sentiments were neutral with 1,933 stocks declining, 2,071 advancing, and 151 remaining unchanged out of 4,155 stocks traded on the BSE.
Nifty50: 32 stocks in green, 18 in red.
On Wednesday, 2025-06-04, in the Nifty50 index, 32 stocks closed in the green, while 18 stocks ended in the red.
Nifty constituents trading at premium valuations.
On 2025-06-04, Bharat Electronics is the most overvalued Nifty constituent, trading at a P/E of 44.4x, a 246% premium relative to its historical average. Other constituents trading at a premium include Grasim Industries, Bajaj Auto, Power Grid Corporation of India and Mahindra & Mahindra.
Nifty500 stocks drop below 200 DMA.
On June 3, 2025, stockedge.com reported that seven stocks in the Nifty500, including Aptus Value Housing Finance India and ICICI Prudential Life Insurance Company, dropped below their 200 DMA. Other stocks include Adani Energy Solutions, Indian Oil Corporation, Tata Teleservices (Maharashtra), Apollo Hospitals Enterprise and UTI Asset Management Company.
Analyst Insights
Choice Broking issues 'Buy' rating on Lumax Auto Tech.
On 2025-06-04, Choice Broking issued a 'Buy' rating on Lumax Auto Tech, setting a target price of Rs 1,375, which offers a 50% upside over the current price of Rs 893. The re-rating is supported by a 30.0%/30.3% upward revision in FY26/FY27 EPS estimates.
ICICI Securities upgrades Bosch to Hold.
On June 4, 2025, ICICI Securities upgraded Bosch to Hold, revising the target price to Rs 30000. The current market price of Bosch is Rs 31450.95.
Brokerages recommend stocks for long-term gains.
On 2025-06-04, a report highlighted brokerage recommendations from top firms like ETNow for stocks to buy in 2025 for the long term, anticipating returns of 20-50% in one year. The focus is on midcap and infrastructure-focused names with strong fundamentals.
Choice Broking issues 'Buy' rating for EFC(I).
On 2025-06-04, Choice Broking issued a 'Buy' rating for EFC(I), setting a target price of Rs 465, a 35% upside from the current market price of Rs 342.
Emkay Global recommends 'Buy' for Anant Raj.
On 2025-06-04, Emkay Global recommended a 'Buy' rating for Anant Raj, with a target price of Rs 800, suggesting a 38% upside from the last traded price of Rs 580.
Emkay Global maintains 'Buy' on Genus Power Infra.
On 2025-06-04, Emkay Global maintained a 'Buy' call on Genus Power Infra, setting a target of Rs 510, which indicates a 22% upside from the current level of Rs 418.
Elara Securities initiates 'Buy' on NLC India.
On 2025-06-04, Elara Securities initiated a 'Buy' rating on NLC India, with a target price of Rs 320, implying a potential gain of 33% from the LTP of Rs 239.
Charting the Course
Market consolidation expected amid global weakness.
Market experts anticipate continued consolidation amidst weak global indicators, though strong domestic economic factors and potential RBI rate reduction may provide support. VK Vijayakumar says that the recent Nifty range of 24000-25000 is likely to persist in the near-term.
Sensex to reach 3 lakh by 2035: Agrawal.
On 2025-06-04, Raamdeo Agrawal predicted that the Sensex will reach 1.5 lakh by 2030 and 3 lakh by 2035. This growth is expected to be driven by India's economic expansion and market resilience.
Nifty sentiment lackluster before RBI rate decision.
On 2025-06-04, Rupak De of LKP Securities, said that the Nifty continues to exhibit a lackluster sentiment as traders await the RBI rate decision. The market is likely to remain sideways for another session until the announcement and follow-up commentary on Friday, with immediate support at 24,500 and resistance at 24,750/24,900.
Rupee Watch
Rupee weakens to 85.86 against US dollar.
On June 4, 2025, the Indian rupee weakened to 85.86 against the US dollar due to foreign fund outflows. The rupee weakened by 19-25 paise to 85.80-85.87 against the US dollar.
Sector Spotlight
Railway firms' shares jump on June 4, 2025.
On June 4, 2025, shares of railway firms including Ircon International and Rail Vikas Nigam (RVNL) jumped up to 14%, driven by strong trading volumes on the NSE. Ircon was the top gainer, ending at Rs 221.10, up by Rs 27.16 or 14%.
Top Performers
Stocks surge over 15% on June 4, 2025.
On Wednesday, 2025-06-04, stocks that surged in excess of 15% included Sika Interplant (20.00%), Anupam Finserv (19.63%), Quick Heal Tech (17.47%), and Saptak Chem (15.31%).
BSE stocks gained over 10% on June 4, 2025.
On June 4, 2025, several stocks on the BSE gained over 10%, including Generic Engg (14.35%), Zim Laboratories (13.90%), and Ircon Intl. (13.52%). Other notable gainers were Jenburkt Pharma, Manoj Vaibhav Gems N Jewellers, KJMC Financial, Reliance Infra, Exxaro Tiles, Railtel Corp, and Shri Bajrang Alliance.
Stocks hitting 52-week highs and lows on June 4, 2025.
On June 4, 2025, Sika Interplant, Anupam Finserv, and Reliance Infra hit their fresh 52-week high. Aditya Birla Retail and Lasa Supergenerics touched their new 52-week low.
Most searched stocks on June 4, 2025.
On 2025-06-04, the most searched stocks included IRFC (144.95), Suzlon Energy (66.72), IREDA (174.0), Tata Motors (709.15), and YES Bank (21.14). These stocks have been frequently mentioned in previous reports, indicating continued investor interest.
Nifty500 stocks reach 5-year swing high.
On June 3, 2025, stockedge.com reported that five stocks in the Nifty500, including Solar Industries India and BSE, reached a 5-year swing high. Other stocks include Deepak Fertilisers, Radico Khaitan, and Garden Reach Shipbuilders & Engineers.