NIFTY50 at 23,339, SENSEX down 148 pts in afternoon session; rate sensitive stocks, BHEL, Wipro among buzzing stocks

The equity benchmark indices remained volatile during the afternoon session on Friday, June 5, as investors turned cautious after the Reserve Bank of India (RBI) kept its repo rate unchanged.

The central bank's six-member Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, unanimously decided to keep the repo rate unchanged at 5.25% for the third straight meeting and maintained its policy stance as neutral.

At 1:10 PM, the S&P BSE SENSEX was down 148.68 points, or 0.2%, at the 74,211.33 level, while NSE’s NIFTY50 was trading at the 23,339.95 level, falling 148.68 points, or 0.33%.

Buzzing stocks on June 5: Check list

Rate-sensitive stocks like auto, bank, and real estate were trading higher after the RBI’s decision. The Nifty Realty index jumped 2% to touch an intraday high of 779.05.

The Nifty Auto index rose nearly 1% to today's high of 26,349.90 level, while the Nifty Bank index, which comprises 14 stocks, touched an intraday high of 1.02% at the 54,865.50 level.  The Nifty PSU Bank and the Nifty Private Bank index were seen mixed.

Shares of Bharat Heavy Electricals Limited (BHEL) jumped nearly 2.6% to touch an intraday high of ₹399.65 apiece on Friday after the state-owned firm bagged a major order worth ₹21,000 crore.

The order has been awarded by Meja Urja Nigam Private Ltd (MUNPL), a joint venture between NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL). It covers the EPC package, including design, engineering, manufacturing, supply, construction, erection, testing, and commissioning works.

BHEL further said that it has received a Notification of Award (NoA) from Meja Urja Nigam Private on June 4, 2026, for the EPC package of the 3x800 MW Meja Supercritical Thermal Power Project (Stage II) located in Prayagraj district, Uttar Pradesh.

Wipro shares tumbled as much as 7.91% to ₹188.15 apiece on the NSE as the stock is trading ex-date for its ₹15,000 crore share buyback program. It must be noted that Thursday, June 4, was the last day for market participants to buy Wipro shares to be eligible for the share buyback program.

On May 22, 2026, Wipro announced the record date for its largest-ever buyback worth ₹15,000 crore.

Wipro Chief Financial Officer Aparna Iyer, in the Q4 FY26 earnings call, said the Board of Directors has announced the buyback of shares worth ₹15,000 crore at ₹250 per share, subject to shareholder approval.

Ola Electric shares jumped nearly 4% during the intraday trading session on Friday after the two-wheeler electric vehicle (EV) maker raised more than ₹780 crore in funds through a qualified institutional placement (QIP), according to an exchange filing.

In the NSE filing, Ola Electric said that after a meeting on June 4, the fundraising committee of the board has approved the allotment of 21,757,842, or over 21.75 crore, equity shares with a face value of ₹10 apiece to eligible qualified institutional buyers at an issue price of ₹35.86 per share.

The issue price of ₹35.86 per share marks a discount of 4.98% to the floor price of ₹37.74 per share, as per the exchange filing.

Ola Electric has been able to raise a total of ₹780,236,242.8, or more than ₹780 crore, from the domestic and global institutional investors through this QIP issue.

IndiGo operator firm InterGlobe Aviation's share price slipped 1.4% to today's low of ₹4,444.40 on Friday after the airline major announced that it is temporarily suspending operations to six international destinations, according to an exchange filing.

In the NSE filing, IndiGo said that the airline is temporarily suspending operations after witnessing softer demand traditionally in the upcoming quarter amid the “incredibly challenging cost environment” in the market.

Due to the rise in energy prices and the aviation turbine fuel (ATF) costs, airlines around the world struggle to maintain their margins, as the majority of the company’s expenses are tied to energy costs.

Shares of ACME Solar Holdings Ltd (ACME Solar), an integrated renewable energy player, rallied as much as 3.8% to ₹359 apiece on the NSE on Friday, as the company announced in the morning that it has successfully concluded its ₹2,800 crore qualified institutional placement (QIP), its first equity capital raise since listing in 2024.

The company said the transaction saw strong participation from a diversified mix of existing and new institutional investors, including domestic mutual funds, insurance companies, and foreign institutional investors.

These included SBI Mutual Fund, Nippon India Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority, and Pictet, among others.