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Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety Om Power Transmission IPO subscribed 3.33 times on final day Broker’s call: Anand Rathi Wealth (Neutral) Broker’s call: Paytm (Outperform) Pakistan Stock Exchange plunges 5,000 points after US-Iran talks fail NSE gets MCA approval to launch National Coal Exchange of India Citius TransNet Investment Trust's ₹1,105-cr IPO to open on Apr 17 NSE gets MCA nod for coal exchange entity name Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Dalal Street midday: Sensex, Nifty down nearly 1%, Reliance, Eicher among top laggards, auto, oil Stocks weigh Iranian crude returns to India after seven years as tankers dock at key ports Sensex, Nifty pare early losses but stay in red at noon; Auto, Financials drag India's March palm oil imports fall 19% to three-month low Government bonds slump after US-Iran peace talks falter Failure of US-Iran talks set to weigh on risk assets Monday Failure of US-Iran truce talks: Rupee opens 57 paise weaker RBI criticises banks’ rupee arbitrage trades Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse How govt policy initiatives to impact shares of EV makers, oil exporters Stock Market Highlights: Sensex ends at 76,776; Nifty 50 down 226 pts (0.94%) at 23,823 Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Brokers’ ISF explores unified documentation framework to ease compliance burden K-shaped trend emerges in jewellery as premium demand stays resilient Retail investors give recent IPOs a miss due to lack of bumper listing gains Inconclusive US-Iran talks, oil prices, inflation data to dictate investors' sentiment: Analysts FPIs extend sell-off in April; pull out ₹48,213 crore in 10 days After hitting rock bottom, Indian stock market is on its way to a speedy recovery, says Vallum Capital Gold vs equities: Does the yellow metal hold edge despite softening shine? The new gold rush: Why investors are moving from jewellery to digital FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns Sharp fall in prices hit gold ETF inflows in March India to continue buying Russian crude oil Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon Greenlight open market buybacks, but stay cautious TCS shares down 3.2% despite Q4 profit growth and deal wins SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore SIP inflows hit record high in March despite market turbulence Broker’s call: JM Financial (Buy) Inflow in equity MFs surges 56% to ₹40,450 crore in Mar amid geopolitical tensions, mkt volatility Markets snap six-week losing streak; all eyes on US-Iran talks Corporate governance must empower people, says Arundhati Bhattacharya BSE shares hit 52-week high, what is driving the surge? 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India’s wheat procurement for buffer stocks exceeds revised target
By Prabhudatta Mishra · 2026-06-01 · via Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

The Indian government’s wheat procurement during the ongoing season has reached 34.99 million tonnes (mt) as of May 31, up by 17 per cent from 29.82 mt in the corresponding period a year ago. The current procurement, made by the Food Corporation of India for buffer stocks, has exceeded the target of 34.5 mt set by the government. It was initially fixed at 30.3 mt but increased in the last week of April, following demand from the States.

In 2025, the government had procured 30 mt of wheat, but it expected higher purchases after the Agriculture Ministry estimated the production at a record high of 120.21 mt.

Last week, the Agriculture Ministry has further enhanced the wheat output estimate to 120.66 mt, notwithstanding localised damage caused due to unseasonal rains and hailstorms. According to government’s third advance estimates of agriculture crops, the current projection of wheat production is higher by 2.3 per cent from 117.94 mt in 2024-25.

Relaxed quality norms

But, the procurement data show that out of 34.99 mt so far bought by the government, 23.63 mt (or over 67 per cent) are under relaxed quality specifications.

C Shikha, joint secretary in the Department of Food and Public Distribution, on Monday said that with 35 mt of wheat procurement this year, the Central Pool stock, maintained by the Food Corporation of India (FCI) now stands at 51.3 mt against the buffer norm (as on July 1) of 27.5 mt.

According to the data, the procurement in Punjab ended at 12.16 mt as against 11.92 mt year-ago, up by 2 per cent. The Centre had fixed a target to procure 12.2 mt wheat from Punjab in 2026-27, as 11.92 mt was bought in the entire 2025-26. Notably, almost the entire quantity in the current year’s purchase in Punjab was under relaxed quality, due to widespread lustre loss in several districts due following unseasonal rains and hailstorms.

Up 34% in M.P.

In Haryana, the Centre has purchased nearly 8.12 mt of wheat against 7.08 mt a year ago as the procurement ended on May 15 after an early start, and it is higher than the target of 7.2 mt. In 2025-26, the Centre had bought 7.14 mt of wheat from Haryana.

In Madhya Pradesh, the Centre has purchased 10.44 mt against 7.78 mt a year ago, up by 34 per cent. In the last week of April, the Centre accepted the state’s request and revised the target to 10 mt from the earlier fixed 7.8 mt.

Due to a delayed start and slow pace of purchase, which officials blamed on non-preparedness of agencies with inadequate gunny bags and purchase centres, the target was looking impossible. But, with consistent pressure from Opposition and farmer organisations, the government managed to exceeded the target.

The procurement in Madhya Pradesh was lower by 59 per cent until April 30 despite the state was allowed by the Centre to buy the crop from farmers from March 15, against normal schedule of April 1.

The purchase in Uttar Pradesh has reached 1.72 mt against 1.03 mt and in Rajasthan at 2.43 mt from 1.98 mt year-ago, the data show. In Bihar, the procurement has reached 36,285 tonne, more than double from 17,923 tonne year-ago. The Centre had also raised the purchase target in Uttar Pradesh from earlier 1 mt to 2.5 mt, in Rajasthan from 2.1 mt to 2.35 mt and in Bihar from 18,000 tonne to 0.18 mt.

Published on June 1, 2026