Stock market news this week highlights a powerful combination of strong corporate earnings, resilient exports, rising capital inflows, and major strategic shifts by some of India’s largest companies. From Bharti Airtel and Reliance Industries adding billions in market value to ONGC accelerating its transition towards natural gas, the Indian economy continues to demonstrate remarkable strength despite global uncertainties.
Several important developments are shaping investor sentiment. India’s merchandise exports have reached record levels, the Reserve Bank of India is encouraging fresh foreign capital through FCNR(B) deposits and ECB incentives, while sectors such as automobiles, power equipment, and energy are entering new growth cycles. These trends provide valuable insights for investors looking to understand where opportunities may emerge over the coming years.
At Jarvis Invest, we believe that understanding market developments is as important as identifying investment opportunities. This weekly market update breaks down the latest economic trends, corporate developments, policy decisions, and sectoral shifts that could influence investment decisions. Whether you are a long-term investor, a market participant, or someone simply following the Indian economy, these insights help separate market noise from meaningful trends.
Stock Market News: ₹2.15 Trillion Added as India’s Top Companies Surge
The market cap of 9 out of the 10 most valuable companies listed on the NSE increased by ₹2.15 trillion during the previous week; with the gains led by Bharti Airtel. Among the big gainers for the week were Bharti Airtel gaining ₹52,433 crore, LIC of India ₹51,675 crore, Bajaj Finance ₹26,554 crore, Reliance Industries ₹22,464 crore, L&T ₹21,929 crore, SBI ₹16,754 crore, HDFC Bank ₹11,949 crore, Hindustan Unilever ₹6,661 crore, and ICICI Bank ₹4,724 crore. The only stock in the top 10 to see a fall in value was TCS, which lost ₹12,700 crore in market cap during the week.
ONGC’s Shift From Oil to Gas Business Could Drive Future Growth
It appears to be an important repositioning with ONGC now turning from an “oil & gas” company to a “gas & oil” company. As part of its portfolio, gas is now marginally ahead of oil, and that is a clear de-risking strategy that ONGC has been pursuing. Its future growth is likely to be driven by gas, and not by crude oil. With one of the best pricing models in the world, gas is becoming a very lucrative product for ONGC. Exploration and production accounts for 70% of ONGC revenues, with gas overtaking oil. Going ahead, new gas would account for 36% of ONGC’s output.
Stock Market News: Indian Exports Hit Record High Despite Global Trade Challenges
The last 3 months ending in mid-June has seen Indian merchandise exports going up by nearly 15%, despite the supply chain constraints imposed by the war. Even the steep tariffs imposed on India by the US had failed to dent the export performance. In May, Indian merchandise exports touched an all-time high of $45.2 billion. There is another major advantage for India from the sharp spike in service exports, but that is already helping the CAD. The surge in exports is a sign of resilience as well as a signal that initiatives like “Make in India” are finally paying off.
Reliance Industries Bets on Carbon Fibre and Green Chemicals for Future Growth
In a major shift in its oil to chemicals (O2C) strategy, Reliance Industries plans to turn crude into carbon fibre, green chemicals, and other critical materials. This is a big move from an entirely refining based model to a model that cracks more of downstream chemicals. This shift will also reduce its exposure to the geopolitical risks in the Middle East. This plan was outlined by Mukesh Ambani while speaking at the 49th AGM of Reliance Industries. This strategy will expand margins and also rethink the O2C business. RIL Jamnagar refines 70 million tonnes of crude annually.
Stock Market News: RBI FCNR(B) Scheme Attracts NRI Money With Zero Currency Risk
With the latest thrust on capital flows, RBI has sought daily reporting of FCNR(B) deposits and ECB data from banks. On 08-June, RBI launched the special swap facility for FCNR(B) deposits and ECBs, where the forex risk will entirely be borne by the central bank, while for ECBs, the RBI will bear partial hedging cost. As a result, banks can now offer more attractive rates on FCNR(B) deposits to NRIs to attract more foreign capital flows. These FCNR(B) deposits will also be free from CRR and SLR requirements. Banks are offering 6.5% to 7.5% on FCNR(B), with zero currency risk.
India’s $130 Billion Power Equipment Gap Could Create Massive Manufacturing Opportunities
According to a report by McKinsey, India’s power equipment industry could face a shortfall of $130 billion by the year 2035, unless domestic manufacture of power equipment is rapidly ramped up. To meet the rising demand, India will have to expand power equipment capacity five-fold by 2035, which does look quite steep. If that is not done, then this gap could trigger a surge in imports. Currently, India relies on imports for 33% of its power equipment needs, which could surge to 70% by year 2035, if the domestic output does not expand. It could also be a big opportunity.
Stock Market News: Passenger Vehicle Sales in India Expected to Grow 4–6% in FY27
According to an ICRA report, India passenger vehicles (PV) sales could grow in the range of 4%-6% in FY27, despite a fairly large base. PV sales are likely to be driven by SUVs, led by rising demand, growing middle class, and greater affordability after GST cuts. In fact, the big GST cuts late last year turned out to be a game change for auto demand in India. There are also concerns over higher fuel costs and weak rural demand this year triggered by a poor monsoon. While SUVs dominate the PV segment, this year also saw the hatchback segment make a comeback in terms of demand.
Stock Market News: RBI ECB Incentives Encourage Indian Companies to Raise Overseas Funds
With the RBI giving an incentive to Indian companies to raise funds through the ECB route, major Indian players are already firming up plans. Big names like SBI, Bank of Baroda, Axis Bank, and Power Finance Corporation have lined up plans to raise over $2 billion from overseas market via the ECB route next week. In order to encourage foreign inflows, the RBI has provided a special incentive for companies going for ECB borrowings by offering them a 1.5% fixed rate swap incentive. This will reduce their cost of hedging and lower their borrowing costs.
Conclusion
India’s economic story continues to evolve through stronger exports, improving capital flows, strategic corporate transformations, and supportive monetary policies. Companies such as Reliance Industries and ONGC are repositioning themselves for the next decade, while sectors including automobiles, manufacturing, energy, and financial services are creating new opportunities for investors.
The latest developments also highlight the importance of looking beyond daily market fluctuations. Rising exports, increasing foreign capital inflows, policy support from the RBI, and expanding domestic demand suggest that several long-term themes are gaining momentum within the Indian economy.
At Jarvis Invest, our objective is to simplify complex market developments and help investors understand the broader trends driving the economy and financial markets. As stock market news continues to evolve, staying informed through data-driven insights can help investors make more confident and disciplined decisions. The coming months will be crucial as markets evaluate growth, capital flows, policy actions, and corporate execution across key sectors of the Indian economy.