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Five Stocks To Buy: ACME Solar, M&M, Groww And More | June 03, 2026
Top picks include green energy player ACME Solar, automotive giant M&M, fintech major Groww, home appliances player Voltas, and GRSE.
Revised Wholesale Price Index and New Producer Price Indices scheduled for release on June 15
Ministry of Commerce & Industry has stated that the revision of the Base Year of Wholesale Price Index (WPI) from 2011-12 to 2022-23 and compilation of Producer Price Indices (PPIs) has been approved by the competent authority in its meeting held on 25.05.2026. Considering the wide usage of WPI in price escalation clauses, this index will be released for five years from the date of release of the revised series along with PPI and will be discontinued thereafter. This would give sufficient time to users to switch from WPI to PPI. The transition from WPI to PPI is in alignment with the global best practices adopted by advanced economies and the recommendations of the International Monetary Fund (IMF).
INR settles lower as global crude oil prices stay elevated amid Middle East turmoil
The Indian rupee depreciated 15 paise to close at 95.34 (provisional) against the US dollar on Tuesday, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar, then touched an intraday high of 95.03 and a low of 95.37. Indian shares closed higher on Tuesday, staging a rebound after four days of losses as investors assessed mixed signals over the status of U.S.-Iran peace talks and awaited upcoming RBI rate decision. The Nifty 50 gained 100.95 points (0.43%) to close at 23,483.55, while the Sensex rose 382.50 points (0.52%) to settle at 74,649.84.
Wipro Consumer Care Ventures eyes fund bets to widen startup reach in India and Southeast Asia
The venture firm plans to write larger cheques of up to ₹30 crore from its new corpus while diversifying into pet care, appliances, and packaged foods.
Groww, Lenskart, 9 other stocks among Motilal’s non-Nifty ideas. Check full list
Motilal Oswal has revealed its top non-Nifty stock picks. The brokerage anticipates robust earnings growth for these companies. Key names include ICICI Prudential AMC, TVS Motor, and Dixon Technologies. Delhivery shows the highest projected earnings expansion. Investors can explore these opportunities for potential gains.
IT stocks rally as AI deals, valuations draw investors
Indian IT stocks saw a significant surge on Monday, outperforming the broader market. The Nifty IT index reached its highest point since April 23. This rally was driven by attractive stock valuations and new AI partnerships. Investors are showing renewed interest, building fresh long positions. This rebound follows a period of underperformance for the IT sector this year.
RBI clears Mirae Asset MF to raise stake in Equitas SFB up to 9.5%
The RBI has approved Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.5% in Equitas Small Finance Bank. The approval is valid for one year and is subject to compliance with banking and securities regulations.
AI Momentum, Oil Relief, And Nifty's Next Move | Niraj Shah Decodes Global Crosscurrents
Indian equities are starting the new month and derivatives series in a consolidation mode.
Forget Equity Research? Radhika Gupta Lists The Real High-Growth Jobs In Finance
File image of Edelweiss Mutual Fund MD and CEO Radhika Gupta
Midcaps in a sweet spot? Why Nippon India’s Rupesh Patel sees a valuation correction despite new index peaks
Nippon India Mutual Fund's Rupesh Patel remains constructive on midcaps despite concerns over valuations, citing resilient earnings growth and improved valuation comfort after a prolonged time correction. He favours financials, consumer discretionary and select industrials, while emphasising a bottom-up stock-picking approach to navigate geopolitical and macroeconomic uncertainties.
F&O Talk: Nifty may stay range-bound; Sudeep Shah sees opportunities in banks, IT, picks 7 stocks
Indian stock markets experienced a sharp selloff on Friday, with Sensex and Nifty dropping over 1%, driven by passive fund flows from MSCI index reshuffles. Volatility surged as the market lost Rs 6 lakh crore in capitalization. Analysts suggest caution amid indecisiveness and a lack of strong directional momentum.
Bond market at a turning point! Axis Mutual Fund says bond investors should buy, not panic
Axis MF cautions that aggressive rate hikes won't address INR depreciation and may harm India's growth. They recommend a neutral-to-slightly long duration stance over three months, adjusting based on RBI policy and crude prices, while advising gradual exposure to fixed-income assets.