Summary:
Indian markets traded higher after the RBI kept the repo rate unchanged at 5.25%, but stock-specific action dominated the session. Zee Entertainment, RITES and Schneider Electric emerged as top gainers on strong investor interest and business developments. Meanwhile, Wockhardt, HFCL and Hindustan Zinc declined due to profit booking and sector-specific weakness.
Indian equity markets traded higher on June 5 after the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25% and maintained its neutral policy stance. The central bank also revised its FY27 inflation forecast upward to 5.1% from 4.6% and lowered GDP growth expectations to 6.6% from 6.9%. Against this backdrop, stock-specific developments drove sharp moves across several Nifty 500 counters.
Zee Entertainment Extends Rally on FIFA Rights Win
Media and entertainment company Zee Entertainment Enterprises emerged as the top gainer in the Nifty 500 index, with its shares surging 10% on June 5. The stock has gained nearly 25% over the last three trading sessions as investors cheered the company's acquisition of broadcasting, streaming and distribution rights for 39 FIFA events in India between 2026 and 2034. The portfolio includes the FIFA World Cup 2026, FIFA World Cup 2030 and FIFA Women's World Cup 2027.
Trading activity remained exceptionally strong, with volume soaring to 11.1 crore shares on the NSE, nearly four times higher than its recent average. Investors view the FIFA partnership as a strategic step toward strengthening Zee's sports broadcasting business and expanding its digital audience base.
Schneider Electric Rebounds After Recent Correction
Power management and industrial automation solutions provider Schneider Electric Infrastructure gained around 7%, making it one of the day's strongest performers.
The rally followed an 18.5% correction in the stock after disappointing fourth-quarter earnings. Investor sentiment improved after reports that the company strengthened its partnership with Allied Engineers to advance intelligent power distribution infrastructure projects across India. Additionally, the GST department reduced the penalty imposed on the company, offering further relief. The stock also witnessed robust participation, with NSE volumes rising to 7.7 lakh shares compared with a 30-day average of 4.18 lakh shares.
Despite reporting flat revenue of ₹594 crore in Q4FY26, the company ended FY26 with 9% sales growth and maintained a healthy order book of ₹1,911 crore, supporting the recovery in investor confidence.
RITES Rallies on Strong Volume
Engineering consultancy and transport infrastructure company RITES advanced about 8% and featured among the top gainers in the Nifty 500.
The stock witnessed a sharp increase in trading activity, with volumes jumping to 61.15 lakh shares against a 30-day average of 5.8 lakh shares. Although no specific trigger emerged during the session, investor interest remained strong after the company recently signed a memorandum of understanding with CRISIL to develop data-driven infrastructure consultancy solutions.
Operationally, RITES reported a 28% year-on-year increase in Q4FY26 revenue to ₹799 crore. While EBITDA declined 9% and margins contracted, net profit remained largely stable at ₹139 crore. The company also maintained a strong order book of ₹9,416 crore, which continues to support long-term growth expectations.
Wockhardt Slides as Investors Book Profits
Pharmaceutical company Wockhardt was the biggest loser among the highlighted stocks, falling 6.85% to ₹1,930.90.
The decline appears largely driven by profit booking after the stock's massive rally in recent sessions. Wockhardt had surged sharply following the US FDA approval of its novel antibiotic ZAYNICH for treating drug-resistant infections. However, after gaining more than 35% in a short period, investors opted to lock in profits, resulting in the correction. No fresh negative company-specific development was reported.
HFCL Corrects After Recent Highs
Telecommunications equipment and optical fibre solutions provider HFCL declined 5% to ₹187.23.
The stock had recently touched its 52-week high and remained one of the market's strongest performers over the past year. Market participants attributed the decline primarily to profit-taking and normal consolidation after the recent rally, rather than any major adverse corporate announcement. Trading volume remained elevated at over 4.24 crore shares, indicating active participation from traders.
Hindustan Zinc Weakens Amid Metal Sector Pressure
Mining and metals major Hindustan Zinc fell 4.51% to ₹576.60.
The company is India's largest integrated producer of zinc, lead and silver. No significant company-specific trigger emerged during the session. The weakness appears linked to broader pressure in metal stocks and profit-taking following the sector's strong rally over recent months. Market experts have recently suggested that much of the positive outlook for metal companies may already be reflected in stock prices, leading to selective selling across the segment.
Overall, strong buying interest in Zee Entertainment, Schneider Electric and RITES offset weakness in Wockhardt, HFCL and Hindustan Zinc, helping the broader market remain firmly in positive territory despite mixed sectoral trends.
