Stock Market Live, June 4: Stock to buy today: Olectra Greentech

Technicals: Weekly Rupee View: Rupee set to consolidate

Weekly Rupee View: Rupee set to consolidate

Rupee consolidates at 95.27, aided by falling crude prices and strong domestic data, despite ongoing foreign outflows.

Share market updates: Coralogix Raises $200M to Scale the Observability Backbone for the Age of AI

Coralogix, the data and AI platform for observability, today announced it has raised $200 million in Series F funding. The round was co-led by Advent, CPPIB, and Greenfield, with participation from Brighton Park Capital, bringing total funding in Coralogix to $550M.

“AI is fundamentally changing the way enterprises operate, and observability is quickly evolving into a core layer of business intelligence,” said Alek Ferro of Advent. “Coralogix has consistently stayed ahead of that transformation, building a platform designed for the scale, speed and complexity of the agentic era. Since our initial investment, the company has continued to accelerate innovation and market adoption, reinforcing our belief that Coralogix is ​​positioned to define the future of AI-powered observability.”

Legacy Observability Was Built for a World That No Longer Exists

The funding comes as AI is reshaping the observability market. AI-powered applications are generating telemetry data at volumes, speeds and levels of complexity far beyond what traditional monitoring platforms were designed to handle. At the same time, AI agents are becoming the primary interface for enterprise users and engineering teams, answering production questions, investigating incidents, explaining anomalies and increasingly operating production systems directly.

This shift is exposing the limitations of legacy observability tools. Platforms built for static, sampled workloads often struggle under agentic-scale telemetry volumes, generate runaway ingestion costs as data explodes, and leave engineering teams with blind spots no dashboard or alert rule was designed to close.

Q4 results: Meenakshi India Reports FY26 Revenue at ₹158.23 Crore

Meenakshi India Limited (MIL), a leading apparel manufacturer specializing in premium bottom wear and outerwear for global brands, announced its audited financial results for the financial year ended March 31, 2026.

For Q4 FY26, the Company reported Revenue from Operations of Rs 45.72 crore as against Rs 61.09 crore in Q4 FY25. Operational EBITDA stood at Rs 7.55 crore compared to Rs 14.85 crore in the corresponding quarter last year. Profit After Tax was Rs 4.52 crore versus Rs 26.16 crore in Q4 FY25, while Earnings Per Share stood at Rs 4.02.

During FY26, the Company reported Revenue from Operations of Rs 150.76 crore as compared to Rs 166.33 crore in FY25. Operational EBITDA stood at Rs 10.20 crore against Rs 29.51 crore in the previous year, while Profit After Tax was Rs 10.46 crore compared to Rs 39.10 crore in FY25. Earnings Per Share for FY26 stood at Rs 9.30.

Share market updates: Regency Fincorp Limited Raises ₹35 Crore Through Dual NCD Transactions, with Additional ₹25 Crore Greenshoe Option

Regency Fincorp Limited, a leading NBFC focused on providing accessible and customer-centric financial solutions, is pursuing two strategic debt fundraising transactions through Non-Convertible Debentures (NCDs), aggregating ₹35 crore, with an additional greenshoe option of ₹25 crore. The proceeds from both instruments will be utilized towards the Company’s general corporate purposes and to finance and support its onward lending business operations, including expansion and growth of its loan portfolio, in accordance with applicable RBI guidelines.

The first transaction is being executed on June 2, 2026, for Rs. 10 crores. Further, the Company has signed a term sheet for another tranche of listed NCD and the same is proposed to be issued and the issuance comprises a base issue size of ₹25 crore to be executed in third week of June, along with a greenshoe option to raise an additional ₹25 crore.

Commodities update: Emkay Wealth Sees Gold Well Supported at Current Levels

According to Emkay Wealth Management precious metals continue to remain well supported despite intermittent volatility driven by geopolitical tensions in the Middle East and sustained strength in the US Dollar.

Gold, after briefly crossing levels above US$ 5,000, is currently trading near US$ 4,500. Silver has similarly rebounded from about US$ 72 to around US$ 77, reflecting continued underlying demand despite short-term corrections.

Emkay Wealth said the medium- to long-term outlook for both metals remains constructive, supported by macroeconomic uncertainty, sustained central bank accumulation, and steady institutional allocation flows.

“Gold and silver are increasingly being viewed as strategic portfolio assets rather than short-term trading instruments. The current trend is driven more by structural allocation demand than speculative positioning,” Emkay Wealth Management said.

The firm highlighted that its gold fund recommendations were initiated in FY22–23 and reiterated through FY23–24 and FY24–25, while silver fund allocations were introduced from February 2025. Investors maintaining exposure over this period have benefited from both price appreciation and currency depreciation.

Structural Drivers Remain Intact

According to Emkay Wealth, expectations of further US Federal Reserve rate cuts remain a key support factor, as they could weaken the US Dollar and improve bullion attractiveness. Continued central bank buying since 2022 has further strengthened the long-term price base.

Both gold and silver have also seen a multi-year technical breakout following nearly a decade of consolidation, reinforcing the broader bullish structure. Silver additionally benefits from rising industrial demand linked to clean energy transition and manufacturing applications, while gold continues to gain traction as a diversification hedge amid concerns over US fiscal and currency stability.

Unlike previous cycles dominated by speculative flows, the current rally is largely allocation-driven, which enhances its sustainability, the firm noted.

Stock market live: KNAV secures fresh NKSquared funding to drive global expansion and accelerate AI integration

KNAV, a global accounting and advisory firm delivering integrated services across assurance, tax, and advisory, announced today a follow-on investment from NKSquared, the US-based investment firm of Nikhil Kamath, investor and entrepreneur.

The firm will deploy the majority of this capital toward pursuing international acquisitions to expand into new markets, including entry into new jurisdictions such as Australia and the addition of firms that strengthen its service capabilities. Besides this, organic growth will remain an equally important driver, with continued investment in talent, leadership development, and training to build skills across its global teams. A portion of the investment will also support KNAV’s ongoing automation and AI deployment across its service lines.

KNAV is currently in Phase 1 of its AI deployment, focused on embedding AI into core workflows to improve quality, efficiency, and decision-making, with further expansion planned over time.

This financing builds on KNAV’s initial funding from NKSquared in September 2024. Since then, the firm has grown its global revenues from $26 million in 2023 to $50 million in 2025 and expanded its presence across international markets, including the Netherlands, the United Kingdom, and most recently in the UAE.

Fitch Rates IIFL Finance’s Proposed USD Senior Secured Notes ‘B+(EXP)’

Fitch Ratings – Singapore/Mumbai – 03 Jun 2026: Fitch Ratings has assigned India-based IIFL Finance Limited’s (B+/Positive) proposed US dollar-denominated senior secured bonds an expected rating of ‘B+(EXP)’ and Recovery Rating of ‘RR4’. The final rating is subject to the receipt of final documentation conforming to information already received.

WATCH: Today’s Stock Recommendation

Stock market updates: ALL-TIME HIGH BREAKOUT ALERT

On June 3, these 10 stocks closed above their lifetime highs, signaling strong momentum and sustained buying interest.

🟢RR Cable

🟢Ather Energy

🟢Welspun Corp

🟢John Cockerill

🟢Aditya Infotech

🟢Venus Remedies

🟢Sterlite Technologies

🟢Thangamayil Jewelery

🟢Syrma SGS Technologies

🟢Dee Development Engineers

Commodities update: Copper futures can rise to ₹1,430

Copper futures can rise to ₹1,430

The June futures was oscillating in the narrow range of ₹1,342-1,374 between May 18 and June 1. But on Tuesday (June 2), it broke out of the resistance at ₹1,374 and closed at ₹1,379.30.

Day Trading Guide for June 4, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for June 4, 2026: Intraday supports, resistances for Nifty50 stocks

Get essential intraday support and resistance levels for Nifty50 stocks and day trading insights for June 4, 2026.

Stock to buy today: Olectra Greentech (₹1,319.70)

Stock to buy today: Olectra Greentech (₹1,319.70)

Traders can consider buying Olectra Greentech now at ₹1,319 and accumulate if the price dips to ₹1,260. Place stop-loss at ₹1,160