IRCON Bags ₹1,068 Cr Rail Order; U.S. to Double Steel Tariffs to 50% & More
- Share.Market
- 9 min read
- 02 Jun 2025
Highlights:
Indian markets ended nearly flat on Monday after staging a strong rebound from early losses. The Sensex slipped 77 points, while the Nifty closed down 34 points. Sentiment was weighed down by Trump’s 50% steel tariff announcement, escalating Russia-Ukraine tensions, rising COVID-19 cases, and caution ahead of the RBI policy.
Headline Indices:
Sectors at a Glance:
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What moved the market?
Top Gainers
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INDIA VIX
Put Call Ratio of Nifty 50 (expiry: 05th Jun) is 0.68
What Made Headlines?
AstraZeneca Pharma shares jump after strong Q4 results. Net profit rose 47.7% YoY to ₹58.2 Cr, while revenue grew 25.4% to ₹480.4 Cr.
SPMLINFRAIn partnership with JWIL Infra, SPML Infra has won a ₹258 crore contract from Chennai Metro Water Board. The project includes a new reservoir at Porur, pumping stations, and a 20-year operation % maintenance deal.
IRCONIrcon International has won a ₹1,068 crore Engineering, Procurement and Construction contract from East Central Railway to construct a new rail bridge over the Ganga between Bikramshila and Katareah stations.
GODREJPROPGodrej Properties acquired a 14-acre land parcel in Pune’s Kharadi-Wagholi. The project, focused on premium housing, has ₹4,200 crore revenue potential and 3.7 million sq. ft. of development.
INDIGOIndiGo has signed an MoU with Airbus to double its A350-900 wide-body aircraft order from 30 to 60 jets. The move supports IndiGo’s long-haul international growth plans, with deliveries starting in 2027.
What’s Happening Beyond Our Markets?
- India announced a new scheme to boost EV car manufacturing, allowing global players to invest ₹4,150 Cr and import high-end EVs at a lower duty to promote local production.
- The Asian Development Bank has committed $10 billion over five years to support India’s urban growth, funding metro expansion, infrastructure, and innovation to help cities thrive on the path to Viksit Bharat by 2047.
- India backs its first homegrown stroke treatment device! TDB-DST funds S3V Vascular to make affordable thrombectomy kits, reducing paralysis risks and boosting neuro-care access across Tier-II cities.
- ICRA projects India’s general insurance premiums to rise 8.7% in FY26 and 10.9% in FY27, driven by better economic activity and stricter pricing.
- RBI data shows deposit growth eased to 10.6% in FY25 from 13% last year. Households led the way, with term deposits, especially 1–3 year tenures, remaining the top choice.
- Trump’s plan to double steel & aluminum tariffs to 50% reignites trade tensions. Meanwhile, China’s new housing policy threatens to hit steel demand further.
Back to Basics
Terms that put you one step ahead – every day.
What is Net FDI?
Net FDI (Foreign Direct Investment) measures the real flow of long-term foreign investment into India.
It’s not just about the money coming in—it also subtracts what goes out and what foreign investors pull out (like selling their stakes or exiting via IPOs).
Net FDI = Gross FDI Inflows − (FDI Outflows + Repatriation/Divestment)
What does this mean?
- Gross FDI Inflows: Money foreign investors put into Indian businesses (like building factories or buying companies).
- FDI Outflows: Money Indian companies invest abroad.
- Repatriation/Divestment: Money foreign investors withdraw, including proceeds from selling businesses or exiting IPOs.
A higher net FDI means more stable, long-term capital is staying in India, fueling jobs, growth, and innovation. If net FDI drops, it could signal that global investors are taking money out or becoming cautious.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Coforge Ltd. | 04 Jun 2025 | 04 Jun 2025 | Stock Split | ₹10 to ₹2 |
| Inox India Ltd. | 04 Jun 2025 | 04 Jun 2025 | Final Dividend | ₹2.00 |
| Tata Motors Ltd. | 04 Jun 2025 | 04 Jun 2025 | Final Dividend | ₹6.00 |
| Tata Consultancy Services Ltd. | 04 Jun 2025 | 04 Jun 2025 | Final Dividend | ₹30.00 |
Before You Go…
Markets aren’t just charts and tickers, they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
