Silver Hits Record High; BAT Sells ITC Stake for ₹12,000 Crore
Key Takeaways
- Silver reached a lifetime high of ₹1,04,100 per kg on June 5, 2025.
- BAT sold part of its ITC stake for over ₹12,000 crore on June 6, 2025.
- KEC International secured fresh orders worth ₹2,211 crore on June 5, 2025.
- Sensex closed up 443.79 points and Nifty added 130.70 points on June 5, 2025.
- RBI's MPC began meeting June 5, 2025; decision due June 6 at 10:00 AM.
Top Stories
Silver hits lifetime high: ₹1,04,100 per kg.
On June 5, 2025, silver prices reached a lifetime high of Rs 1,04,100 per kilogram in the national capital, while gold prices increased by Rs 430, according to the All India Sarafa Association, aligning with strong global cues.
BAT sells part of ITC stake for over ₹12,000 crore.
On June 6, 2025, it was reported that BAT, a promoter of ITC, sold part of its stake for over Rs 12,000 crore, following up on their June 3 sale of a 2.5% stake in ITC for ₹12,900 crore.
KEC International secures ₹2,211 crore in fresh orders.
On June 5, 2025, KEC International announced securing fresh orders worth Rs 2,211 crore across multiple business segments, bringing the year-to-date order intake to over Rs 4,200 crores, a 40% increase year-over-year.
Sensex and Nifty rally, close higher on June 5.
On June 5, 2025, Sensex and Nifty rallied in early trade due to buying in Reliance Industries and fresh foreign fund inflows, with the Sensex closing up 443.79 points at 81,442.04 and the Nifty adding 130.70 points to end at 24,750.90. Foreign Institutional Investors (FIIs) bought equities worth ₹1,076.18 crore.
RBI's MPC began meeting, decision due June 6 at 10:00 AM.
The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, June 5, 2025, with the outcome due on June 6. The RBI Monetary Policy Committee (MPC) will announce its decision on the repo rate, liquidity conditions, CPI inflation and GDP growth prospects for the Indian economy at 10:00 AM.
Analyst Insights
Morgan Stanley: Indian equities undervalued, projects strong earnings growth.
On June 5, 2025, Morgan Stanley reported Indian equities are undervalued with long-term opportunities, expecting India to outperform other emerging markets due to strong macro stability and projecting mid-to-high teens earnings growth. They suggest focusing on internal growth drivers and identified potential catalysts like RBI easing, GST cuts, and a US trade deal.
Emkay: RBI may cut rates by 50 bps in 2025.
On June 5, 2025, Dr. Joseph Thomas of Emkay Wealth Management suggested that the RBI may cut rates by 50 bps in 2025 to support growth.
Edelweiss: SIPs, asset allocation, cash key investment strategies.
Radhika Gupta of Edelweiss Mutual Fund discussed investment strategies on June 5, 2025, emphasizing SIPs, balanced asset allocation (fixed income, gold, and international funds), and maintaining cash levels around 2–3%.
Company Beat
Bajaj Finserv founding firms to sell stake for ₹47.5B.
On June 5, 2025, the founding firms of Bajaj Finserv announced they would sell at least a 1.58% stake in the financial services company for approximately 47.5 billion rupees ($554 million). On June 6, 2025, Bajaj Finserv's promoter entities are set to divest nearly 2% of their stake through block deals, aiming to raise approximately Rs 5,800 crore.
Eternal Ltd's Q4 net profit declines 77.7% YoY.
On June 5, 2025, Eternal Ltd reported a 77.7% year-on-year decline in consolidated net profit for Q4, although operational revenue increased by 63.8%.
Dr. Reddy’s shares rise on Alvotech biosimilar partnership.
On June 5, 2025, Dr. Reddy’s shares rose over 4% after announcing a strategic partnership with Alvotech to co-develop, manufacture, and commercialize a biosimilar of Keytruda (pembrolizumab) for global markets. Dr. Reddy’s reported a 22% year-on-year increase in consolidated net profit to Rs 1,594 crore for the January–March quarter of FY25.
Vedanta Resources eyes refinancing $550 million credit facility.
REC plans to raise ₹1.55 lakh crore via bonds.
On June 5, 2025, REC announced plans to raise up to Rs 1.55 lakh crore through the private placement of bonds or debentures.
BEL receives fresh orders worth ₹537 crore.
On June 5, 2025, BEL announced it has secured new orders worth Rs 537 crore since its last disclosure on May 16.
Market Movers
Q4-FY25 PAT growth at 8.70%, in line with expectations.
On June 5, 2025, it was reported that the Q4-FY25 results were largely in line with expectations, with PAT growth at 8.70% year-on-year.
Eternal Ltd (Zomato) shares surge on Morgan Stanley outlook.
On June 5, 2025, shares of Eternal Ltd, the parent company of Zomato, surged nearly 6% following a positive outlook from Morgan Stanley.
FIIs buy ₹1,076 crore in equities, ending selling streak.
On June 4, 2025, Foreign institutional investors (FIIs) snapped a three-day selling streak by purchasing equities worth Rs 1,076 crore, while Domestic institutional investors (DIIs) extended their buying streak for a 12th straight day, investing Rs 2,566 crore in equities.
Six Nifty200 stocks exceed 200-day DMAs.
On June 4, 2025, six stocks in the Nifty200, namely Jubilant FoodWorks, Container Corporation Of India, PI Industries, Indian Railway Finance Corporation, CG Power and Industrial Solutions, and JIO Financial Services, exceeded their 200-day Daily Moving Averages (DMA), according to stockedge.com's technical scan data.
Top volume gainers: ARC Finance, Vodafone Idea, Suzlon Energy.
On June 5, 2025, ARC Finance, Earum Pharmaceutical, Standard Cap, Vodafone Idea, Pradhin Ltd., Karda Const, Reliance Power, Thinkink Picturez, Suzlon Energy, and YES Bank were the top gainers in terms of trading volume.
Indian stock markets open June 6, closed on key holidays.
On June 5, 2025, it was announced that Indian stock markets will remain open on June 6 for Bakrid but will be closed on August 15 for Independence Day/Parsi New Year, August 27 for Shri Ganesh Chaturthi, October 2 for Mahatma Gandhi Jayanti/Dussehra, October 21 for Diwali Laxmi Pujan, October 22 for Balipratipada, November 5 for Prakash Gurpurab/Sri Guru Nanak Dev Jayanti, and December 25 for Christmas.
Sensex gainers: Eternal, Power Grid, Reliance; Bajaj Finance declines.
On June 5, 2025, notable gainers in the Sensex included Eternal, Power Grid, and Reliance Industries, while Bajaj Finance experienced declines. Top losers included IndusInd Bank Ltd., Tata Consumer Products Ltd., Axis Bank Ltd., Bajaj Finserv Ltd. and Bajaj Finance Ltd.
Indian markets expected to open higher on June 6.
Indian markets were expected to open higher on Thursday, June 5, 2025, tracking firm global cues, with experts recommending stocks like Swiggy, RVNL, OFSS, and JSW Energy for short-term gains.
NDR Auto, Ginni Filaments hit 52-week highs.
On June 5, 2025, shares of NDR Auto Components, Ginni Filaments, Krishana Phoschem, Welspun Corp and Welspun Investments, hit their fresh 52-week highs, while stocks such as Navkar Builders, Axita Cotton, Prostarm Info System, Flexituff Ventures and Tera Software, touched their fresh 52-week low.
Gland Pharma shares rise, potential upside of 3%.
On June 5, 2025, Gland Pharma shares rose 16% in a month, but are still down 43% over three years, closing 1.88% higher at Rs 1,623.7 on the BSE. Trendlyne reported the average target price for Gland Pharma is Rs 1,678, implying a potential upside of 3% from current levels.
Adani Enterprises: Slight rise, 11.14% return over three months.
On June 5, 2025, Adani Enterprises finished the day at Rs 2510.00, with a percentage change of 0.83%, marking a slight rise of 0.51% today, alongside a robust return of 11.14% over the previous three months.
ONGC closes at ₹238.2, volume lower than average.
On June 5, 2025, ONGC's stock closed at Rs 238.2, a minor increase of 0.07%. The trading volume was 3,831,370 shares, lower than the past week's average of 9,114,919.
Policy Updates
Markets cautious ahead of RBI policy; PMI at 58.8.
On June 5, 2025, domestic markets were expected to open flat due to caution ahead of the RBI policy announcement. The HSBC India services PMI was at 58.8 in May, up from 58.7 in April.
Sector Spotlight
IT, Tourism sectors see buying; Financials see selling.
On June 5, 2025, traders were seen piling up positions in IT Enabled Services, General, Tourism & Hospitality, Retail and Auto sectors, while selling was visible in Financial Services, Construction, Aquaculture, Fertilisers and Trading sectors.
Nifty Realty index up 1.75%; Sobha Ltd. leads gainers.
On June 5, 2025, the Nifty Realty index closed 1.75 per cent up at 993.1, with top gainers including Sobha Ltd.(up 5.7 per cent) and Brigade Enterprises Ltd.(up 3.98 per cent).
Cochin Shipyard surges on NATO defense spending boost.
On June 4 and 5, 2025, Cochin Shipyard surged over 12% after the US called on NATO members to increase defense spending, with other defense-linked stocks also gaining following NATO's Secretary General proposal to raise defense spending to 3.5% of GDP.
Rupee Watch
Rupee strengthens marginally to 85.80 against US dollar.
On June 5, 2025, the Indian rupee strengthened marginally to 85.80 against the US dollar, reversing a two-day losing streak, with forex traders noting it traded between 85.67 and 85.96 during the day.