After opening on flat note, Indian benchmark indices extended their upward momentum throughout the session, ending the session in green.

The BSE and the NSE benchmark indices settled in green on Wednesday following rally in global equities driven by expected relief on the US-China trade talks, the RBI's Monetary Policy Committee's expected rate cuts on Friday, and better-than-expected US labour markets data.

At the closing bell, the BSE Sensex  closed higher by 260 points (up 0.3%)

Meanwhile, the NSE Nifty closed points 77 higher (up 0.3%)

Bharti Airtel, Tech Mahindra, Iand ndusInd Bank are among the top gainers today

Bajaj Finserv, Axis Bank, and TCS, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,645, lower by 125 points at the time of writing.

The BSE MidCap index ended 0.7% higher, and the BSE SmallCap index ended 0.6% higher.

Barring the realty sector and the banking sector, all other sectoral indices are trading positively today, with stocks in the media sector and the telecommunication sector witnessing buying.

The rupee is trading at Rs 85.8 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 96,950 per 10 grams.

Meanwhile, silver prices were trading 0.4% higher at Rs 1,01,571 per 1 kg.
 

Railway Stocks Surge on Capex Boost

In the news from railway sector, shares of railways sector surged on 4 June 2025 due to increased government orders and focus on capital expenditure-led growth by FY26.

Ircon International shares rose 12% after the company secured a Rs 106.8 bn engineering, procurement and construction (EPC) order from East Central Railway, marking its biggest gain in 20 weeks.

RailTel Corporation shares jumped over 12% after partnering with Techno Electric to set up a 10 MW data centre on RailTel Land in Noida, Uttar Pradesh.

Railway stocks saw a notable gain with Texmaco Rail % Engineering up over 8%, Rail Vikas Nigam (RVN) up over 7%, and IRFC, Titagarh Rail System, and CONCOR each gaining around 3%. BEML and IRCTC saw marginal gain.

India's GDP growth reached a four-quarter high of 7.4% in Q4, driven by increased government spending, particularly public capex, supporting the economy's strong growth momentum.

Higher government capex spending is expected to boost railway stocks with technical factors also contributed to the current update.
 

Coforge Shares Surge Post Stock Split

Moving on to the news from IT sector, shares of Coforge rose 1.5% after a 1:5 stock split.

Coforge fixed 4 June 2025 as the record date for its 1:5 stock split, determining which shareholders are eligible to receive the additional shares.

1:5 stock split, each existing Rs 10 share will be divided into five Rs 2 per share.

A stock split increases the number of shares b dividing existing shares into smaller units, without changing company's market value. The record date determines which shareholders receive the split shares.

Coforge is a top IT services company providing software solution to global clients like British Airways and ING Group. With subsidiaries in several countries, it partners with major IT firms to deliver services worldwide.

Defence Shares Rise in Orderbook Hopes

Moving on to the news from defence sector, defence shares rose sharply on 4 June 2025, boosting Nifty Indian Defence index by 1% for the third consecutive day, despite weak overall market sentiment.

Dence shares have surged recently due to increased geopolitical tensions, boosting orderbook visibility. The defence index market capitalization rose by 900 bn this week alone and has jumped Rs 487 bn since 21 May 2025.

Graden Reach Shipbuilders % Engineers (GRSE) shares surged 7% to a record high after signing MOU with Norway's Kongsberg to build India's first popular research vessel.

Other defence stock also rose, with Cochin Shipyard up nearly 5%, Zen Technologies and Paras Defence up over 2% each, BEML, Mazagaon Dock Shipbuilder and DCX India also gained, while Bharat Dynamics (BDL) and Astra Microwave Product saw marginal gains.

Bharat Electronics (BEL) and Data Patterns seeing marginal losses. Hindustan Aeronautics (HAL) shares dropped over 1% due to concerns over potential delays in GE-F404 engine supplies for the Tejas MK2 project amid geopolitical uncertainties.

Defence sector surged after India's Operation Sindoor and escalating Russia-Ukraine conflict, boosting orderbook hopes. Meanwhile, rising tension between Iran and the US over Iran's enriched uranium production also supported the sector's gain.

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