The latest stock market news highlights a mix of regulatory developments, foreign investor activity, emerging IPO opportunities, and structural growth themes that could influence market sentiment in the coming months. From SEBI’s investigation into Rajesh Exports and continued FPI selling to the rapid rise of AI-driven businesses, data centre investments, and Global Capability Centres (GCCs), investors are closely tracking developments that have the potential to reshape sectoral outlooks and capital flows.
Beyond the headlines, these events offer valuable insights into broader economic trends such as digital transformation, energy security, global trade shifts, and fiscal management. As markets become increasingly interconnected, understanding the impact of these developments is critical for investors seeking to identify long-term opportunities while effectively managing risks.
In this edition, Jarvis Invest analyzes the biggest stock market and economic developments, explores their potential implications across sectors, and highlights the key trends investors should watch in the months ahead.
Stock market news: Why Is SEBI Investigating Rajesh Exports for Alleged ₹15.15 Trillion Revenue Misrepresentation?
A massive search operation is underway at the offices of Rajesh Exports for misrepresenting consolidated revenues to the tune of ₹15.15 trillion over the last 5 years. However, Rajesh Exports has reiterated that all their revenue figures were audited and found to be correct. SEBI has alleged financial misrepresentation and fund routing irregularities by Rajesh Exports. For now, SEBI has directed a fresh forensic audit and asked Rajesh Mehta not to buy or sell the stocks of Rajesh Exports till the audit was completed. However, the raids may have opened a Pandora’s box.
Why Did Foreign Portfolio Investors (FPIs) Continue Selling Indian Stocks in May 2026?
FPIs were net sellers to the tune of $3.42 billion for the month of May 2026. This is nearly half of the selling in April and one-fourth the selling in March 2026. The selling was led by BFSI, which accounted for 70% of the net FPI selling in May, while oil & gas saw net selling of close to $1 billion for the month amidst risks of narrowing downstream margins on refining and marketing. However, there were sectors like B2B services, metals & mining, and capital goods which saw combined FPI net buying of $1.75 billion. A total of 18 out of the 23 sectors saw net selling by FPIs in May.
Stock market news: Kuku IPO Explained: How the AI-Powered Audio Platform Plans to Use ₹3,500 Crore
Kuku has filed for an IPO worth ₹3,500 crore to fund its AI and tech spending in coming years. Kuku is an audiobooks and podcast platform, backed by former Indian captain, MS Dhoni. It uses AI-powered infrastructure to accelerate content production and help with contextual discovery. The IPO will be lead-managed by Kotak Mahindra Capital, Jefferies, JM Financial, and Axis Capital. It will be a combination of a fresh issue and an offer for sale (OFS). Between FY25 and FY26, its revenues jumped 6-fold to ₹1,400 crore. Kuku has 10 million active users and 200 million downloads.
India’s Data Centre Boom: Why AI Adoption Could Triple Capacity to 5 GW by 2030
Avendus sees India’s data centres on a dual growth trajectory as AI adoption surges. It expects India’s data centre capacity to triple to 5 GW by 2030. There is rising demand for digital infra and greater AI-adoption, which is data intensive. Investments of $25 billion are expected in Indian data centres. While AI adoption is the new-age demand trigger, the traditional demand comes from cloud adoption, statutory pressure to localize data hosting, and enhanced data consumption as a decision support tool. The net impact on data centre demand will be value accretive.
Why Global Companies Like T-Mobile Are Expanding GCC Operations in India
The lure of India as a Global Capability Centre (GCC) hub continues to grow. US telecom giant, T-Mobile, has set up a GCC in Hyderabad and will be hiring 1,000 employees at the facility. This GCC will focus on software engineering, AI, cybersecurity, and digital transformation. The facility spans an area of 2.50 lakh SFT. T-Mobile is among the largest mobile service providers in the US, with a customer base of over 140 million. Hyderabad has been a magnet as a GCC hub due to its mix of technology talent, innovation capabilities, lower cost of living, and a proven ecosystem.
Stock market news: Why Indian Pharma Exports to the US May Slow Down in FY27
Indian pharma exports to one of its biggest markets, the US, is likely to be muted in FY27. The reasons are not far to seek. The subdued export outlook for Indian pharma industry stems from policy uncertainty and falling generic prices. Already, consolidation of wholesalers in the US has taken away the bargaining power from exporters. In addition, the regional conflicts in the Middle East and West Asia are also impacting shipments and supply chains for chemicals and pharma. In the US, there is a greater push for local manufacturing and managing inventories more closely.
Stock market news: Why India Increased LPG Imports from the US Amid Middle East Supply Disruptions
India saw a surge in imports of liquefied petroleum gas (LPG) from the US in the month of May 2026. For the month, the US accounted for 55% of total LPG imports by India, while Iran accounted for 12%. India’s traditional LPG suppliers like Qatar and Saudi Arabia have been unable to meet their LPG commitments due to the blockade of the Straits of Hormuz as well as the temporary shutdown of LPG plants due to the risk of attacks by Iran. India started importing LPG from Iran this month after a gap of nearly 7 years since the sanctions were first imposed in year 2018.
Stock market news: Can India Achieve Its FY27 Fiscal Deficit Target of 4.3%?
With fiscal deficit a real risk for India in FY27, India is seriously considering spending curbs to keep the fiscal deficit in check. The centre is looking at trimming allocations to water resources and state loans. However, capex and defence spending are likely to be sustained at higher levels. While India had managed to meet its 4.4% fiscal deficit target for FY26, meeting the 4.3% target for FY27 may be more complicated. The ongoing conflict in the Middle East is posing a major risk to the trade deficit and to the current account deficit. April saw 21% of full year fiscal deficit utilized.
