India achieved a current account surplus of $7.1 billion in Q4 FY26, though it was lower than the previous year. Despite a widening merchandise trade deficit, strong growth in services exports, particularly computer and business services, helped maintain the surplus for the quarter. For the full fiscal year, the deficit remained stable.
Over 58 crore Jan Dhan accounts have successfully integrated millions of Indians into the formal banking system, significantly boosting financial inclusion. This initiative ensures welfare scheme benefits, insurance, and pensions reach beneficiaries directly and without leakages, empowering citizens and strengthening India’s economy.
The MPC raised its inflation forecast to 5.1% but chose to look through the supply-side pressures; it will remain alert to risks from global price shocks and monsoon uncertainties.
Gold price prediction today: Gold prices continue to be volatile amid geopolitical developments, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
Iran has indicated the Strait of Hormuz will reopen under new conditions set by Iranian and Omani authorities, potentially including transit fees for services. This comes as oil flows remain constrained following the US-Israeli conflict.
Selling was widespread across the market. Every stock in the Sensex basket traded in negative territory. The weakness was equally visible beyond the benchmark indices. The Nifty Midcap 100 and Nifty Smallcap 100 both lost more than 1%, reflecting a broad risk-off mood among investors.
The rupee opened lower against the dollar, influenced by a stronger greenback, rising crude oil prices, and geopolitical tensions in the Middle East. This decline followed a strong gain on Friday, as investors remained cautious ahead of key US economic data and potential Federal Reserve interest rate decisions.
Stock market recommendations: Shriram Finance, Cummins India are the top stocks that Motilal Oswal Wealth Management Research Desk has recommended for the week starting June 8, 2026. The brokerage has also shared target levels and possible upside.
