Stocks to Watch Today, 4th June 2025: Yes Bank, Wipro, ABFRL and More
Indian equities are expected to open higher today, supported by positive global cues, even as investors brace for key block deals and the RBI’s three-day monetary policy meet. The GIFT Nifty was up 44 points or 0.18% at 24,719 as of 7:35 AM, indicating a mildly positive start for domestic benchmarks.
On Tuesday, the Nifty 50 closed at 24,542.5, down 174 points or 0.7%, while the BSE Sensex declined 636 points or 0.78% to 80,737.5. Notably, Nifty bulls once again defended the 24,500 support zone, but the index ended close to the day's low. Profit-booking in Nifty Bank - which touched a record high in early trade - dragged broader indices lower. The broader markets, too, came under pressure amid a wave of block deals.
Today, investor attention shifts to upcoming block trades in Alkem Labs, Tata Technologies, Indegene, and Aditya Birla Fashion, while street chatter suggests a possible deal in Eternal, a Nifty 50 constituent.
Meanwhile, the RBI’s Monetary Policy Committee kicks off its three-day meet today. While a rate cut is widely expected, the market focus is now on the quantum of easing and forward guidance.
Foreign institutional investors (FIIs) offloaded equities worth ₹2,853.8 crore on Tuesday, while domestic institutional investors (DIIs) remained net buyers to the tune of ₹5,907.9 crore.
Overnight, Wall Street indices rose sharply after a better-than-expected US job openings report. The S&P 500 gained 0.58%, and the Dow Jones rose 0.51%, shrugging off concerns after the OECD cut its global growth forecast. The S&P is now just 80 points away from a new all-time high.
In Asia, early trade was upbeat. Japan’s Nikkei 225 was up 0.77%, China’s CSI 30 added 0.3%, and South Korea’s Kospi surged over 2% after opposition leader Lee Jae-myung secured a decisive presidential win.
Key Stock Watchlist for June 4
Aditya Birla Fashion & Retail: Flipkart is likely to offload its entire 6% stake (~₹600 crore) via block deal, marking a full exit from the fashion retailer.
Waaree Renewable Technologies: Secures ₹345 crore EPC contract for a 300 MW AC solar project in Rajasthan.
Wipro: Wins a multi-year deal from Entrust to deploy Gen AI-powered support platforms to enhance user experience and reduce resolution times.
YES Bank: Board approves fundraise of ₹16,000 crore - ₹7,500 crore via equity and ₹8,500 crore through debt.
Indegene: Carlyle-backed CA Dawn Investments to sell 10.2% stake via ₹1,420 crore block trade.
Zydus Lifesciences: Enters global biologics CDMO market with acquisition of two US-based Agenus facilities for up to $125 million.
Paytm: Paytm Cloud Technologies incorporates Paytm Singapore, subscribing SGD 250,000 for equity in the new subsidiary.
Oil India: Commences natural gas production from the Bakhri Tibba block in Jaisalmer, Rajasthan.
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