Benchmark indices logged modest gains this week as RBI support for the rupee steadied sentiment. Yet weak momentum, cautious earnings commentary and continued foreign outflows kept markets trapped in a narrow range.

Domestic brokerage firms are optimistic about PNC Infratech's recovery, projecting a stock rise to ₹315 with a 46% upside. Strong order book and new business segments are seen as growth drivers, while cash inflows strengthen its position for future projects.

Wipro has set June 5, 2026, as the record date for its ₹15,000 crore share buyback, the largest in its history, aiming to repurchase 60 crore equity shares at ₹250 each. This follows previous buybacks and is part of its strategy to return excess cash.

As of 10:15 a.m., the S&P 500 rose 0.4%, the Nasdaq 100 gained 0.6%, and the  Dow Jones Industrial Average added 0.6%.

Hindalco Industries reported a 51% decline in Q4FY26 net profit, totaling ₹2,597 crore, due to increased expenses from a fire at its US subsidiary, Novelis. However, consolidated revenue rose 20.4% to ₹78,133 crore, boosted by higher base metal prices.