In today’s Stock market news, investors are tracking a wide range of developments shaping the Indian economy and financial markets. From a sharp rise in India’s fiscal deficit in the first month of FY27 and expectations around the RBI’s upcoming monetary policy decision, to major corporate updates from Adani Group, Cholamandalam Finance, and OYO, the market is witnessing important shifts across sectors. At the same time, structural changes such as India’s transition from WPI to PPI and the growing dominance of fintech lenders are creating new opportunities and challenges for businesses and investors alike.
At Jarvis Invest, we believe successful investing begins with understanding the larger economic and market trends that influence capital flows, business performance, and long-term wealth creation. Whether you are tracking interest rates, inflation, IPO activity, infrastructure investments, or emerging lending trends, staying informed about these developments can help investors make more data-driven decisions in an increasingly dynamic market environment.
Stock market news: India’s Fiscal Deficit Surges in FY27: Can the Government Still Achieve the 4.3% Target?
After reining in fiscal deficit at under 4.4% of GDP in FY26, the first month of FY27 has seen a sharp spike in the fiscal deficit. The April fiscal deficit was as high as 21.4% of the full year deficit, but that was more because there were several spillover expenses from the previous year and the advance tax collections up to March 15, 2026 had been entirely booked in FY26 itself. This situation should see an improvement once the ₹2.87 trillion RBI dividend comes into the government coffers in the May 2026 report. For now, the FY27 target of 4.3% fiscal deficit looks like a tall order.
Stock market news: RBI MPC June 2026 Policy Preview, Will Interest Rates Stay Unchanged Despite Inflation Risks?
While inflation continues to be a big risk, the RBI is likely to pause on rates in the June policy, which will be announced by the RBI MPC on Friday, 05-June 2026. Inflation is likely to average over 5% in FY27, but the RBI is likely to hold rates for now as it cannot afford the growth engine to falter. The headline inflation is dominated by imported inflation at 7.5%, which is outside policy control. However, there is an outside chance that the RBI MPC may hike rates in the policy to curb capital outflows and to also strengthen the rupee. Inflation control may just be the second priority.
India Shifts from WPI to PPI: What the New Inflation Index Means for Businesses and Investors
In line with global macro data presentation standards, India is starting its transition from WPI to PPI (producer price index). For a period of 5 years, the DPIIT will publish the WPI index and the PPI index values simultaneously and after 5 years, the WPI will be fully scrapped. The PPI covers input, output, and services too; giving businesses a more comprehensive view of supply side inflation. The idea of gradual phase-out is that most businesses still use the WPI index for contract pricing and price-escalation clauses. A phased shift, will allow businesses to adjust seamlessly.
Stock market news: Cholamandalam Finance Bets Big on Gold Loans Amid Rising Demand Across India
Cholamandalam Finance is eying a gold load book of ₹4,000 crore in FY27. That will more than double the gold loan book as it looks to diversify from its core focus on vehicle financing. Chola Finance had closed FY26 with a gold loan book of ₹1,800 crore. FY26 was just the first year of its presence in the gold loans business. FY26 saw a sharp spike of 50.4% in the all-India outstanding gold loans basket. Even as credit conditions tightened, the rising price of gold and the keenness of financiers to extend back-to-back loans has made gold loans a lot more attractive to NBFCs.
Adani Group Reports Record ₹1.5 Trillion Capex: Infrastructure Expansion Continues at Scale
For financial year FY26, the Adani group posted record capex of $16 billion or ₹1.50 trillion, even as the group touched all-time high EBITDA of ₹94,834 crore in the fiscal year. Over the last 4 years since the short-selling crisis hit the group, Adani companies have managed to build their core infra businesses and also reduced debt levels. The group has a gross asset base of $83 billion; largely focused on energy, utilities, transport, and logistics. Some of its big projects included the Navi Mumbai Airport, Guwahati terminal, Ganga Expressway, and an integrated copper smelter.
Fintech Lenders Now Dominate Personal Loan Growth in India: Key Trends from FY26
Fintech lenders are quietly dominating the lending volumes, especially in the small-ticket personal loans business. In FY26, the fintech lenders accounted for nearly 75% of the number of personal loans disbursed. Of course, they would be much smaller in value terms. The good news is that these fintech players are also seeing their asset quality improve rapidly. Most fintech lenders use automated credit assessment models that are able to sanction and disburse small ticket loans in less than 24 hours. At least in terms of numbers, the fintechs are starting to dominate lending.
Stock market news: OYO IPO Gets SEBI Approval, What Investors Should Know About the ₹6,650 Crore Public Issue
PRISM, the parent company of OYO Rooms, has got SEBI approval for its proposed ₹6,650 crore IPO. The IPO will entirely be a fresh issue of shares. The IPO is expected to value the company in the region of $8 billion overall. The updated DRHP is likely to be filed by July and the issue will happen after that. In a tough market, a digital IPO will surely test waters in the primary markets. It may be recollected the company had done a confidential filing in December 2025, wherein the issuer is only required to disclose basic details to the public. This helps maintain confidentiality.
India Slips in Global Market Cap Rankings: Why Taiwan and South Korea Have Moved Ahead
India has recently dropped 2 places in the global market cap rankings. About 2 weeks back, Taiwan overtook India, and now South Korea has also overtaken India in terms of market cap. One argument is that these rallies are too narrow. For instance, in Taiwan, the rally is dominated by TSMC; while in the case of South Korea it is Samsung Electronics and SK Hynix. However, these focused companies are also reflective of how India failed in creating an industrial base in chips and semiconductors, as India focused more on the low-hanging fruit of IT outsourcing.
Conclusion
As FY27 unfolds, investors will be closely watching key indicators including fiscal deficit trends, RBI policy actions, inflation dynamics, infrastructure spending, credit growth, and primary market activity. The interaction between these macroeconomic developments and corporate performance will play a crucial role in determining market direction over the coming months. While challenges such as inflationary pressures and global uncertainties remain, sectors linked to infrastructure, financial services, digital lending, and consumption continue to present important opportunities for long-term investors.
At Jarvis Invest, our focus remains on helping investors navigate evolving market conditions through research-backed insights, AI-powered analysis, and disciplined investment strategies. Keeping track of Stock Market News and understanding the broader economic context behind market movements can help investors identify opportunities, manage risks effectively, and build stronger portfolios for the future.
