Negative for bulls: FPI cumulative net investment in Indian equities slipped to Rs.7.3 trillion as of June 1, the lowest since 2016, reflecting weak foreign investor interest in India’s Rs.4.8 trillion stock market. India has slipped to 7th globally, with Taiwan & South Korea overtaking it. Government should reduce STT & long-term capital gains tax to attract FFIs, FPIs & NRIs as per market grapevine.
Ducon Infratechnologies reported FY26 consolidated total income of Rs.422.05 cr. with EBITDA of Rs.26.52 cr. and PAT of Rs.10.90 cr.
Repono reported FY26 total income of Rs.66.45 cr. with an EBITDA margin of 16.78% and a NP margin of 9.90%. Its H2FY26 total income stood at Rs.35.73 cr., with an EBITDA margin of 15.87% and a PAT margin of 9.88%.
Date 04.06.2026
NIFTY OUTLOOK: 23416.55 FII -4447.06 cr DII 4360.14 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as bearish sentiments take the nifty down upto our support of 23250 i.e. made a day low of 23247.3 and recovered from there upto 23465.3 and finally close near to its previous close i.e. closing of 23416.55.
NIS Management secured multiple work orders worth Rs.2.32 cr. from Nesco and PWD, Government of West Bengal.
The Indian stock market witnessed a sharp turnaround after early weakness, with investors returning to quality stocks amid improving sentiment. Banking, financial, and large-cap sectors led the recovery as concerns over geopolitical risks eased slightly during the session.
Indian markets are likely to witness heightened volatility as investors await the latest policy announcement from the Reserve Bank of India.
Ongoing tensions in the Middle East continue to influence global financial markets. Investors remain concerned about the impact of the conflict on energy supplies, shipping routes, and global inflation.
Waaree Energies has approved a significant capital expenditure plan aimed at strengthening its manufacturing capabilities. The company is investing heavily in expanding its renewable energy ecosystem and supporting future growth opportunities.
Wipro has completed the acquisition of Mindsprint, the IT and digital services business of Olam Group. The transaction is expected to strengthen Wipro’s capabilities in supply chain solutions, digital transformation, and AI-powered consulting services.
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