Israel Lebanon renew ceasefire, House rebukes Trump on Iran, oil eases, gold gains, rupee firms, IMD warns as monsoon nears Kerala, SEBI updates AIF rules, Maharashtra unveils deep tech policy – CNBC TV18
A renewed ceasefire between Israel and Lebanon is calming crude prices, while US politics heats up with a House vote challenging military action against Iran. At home, the monsoon’s arrival in Kerala is imminent, Maharashtra readies a deep-tech policy push, and markets track moves across gold, the rupee, and select stocks. Plus, all eyes are on Computex 2026 Day 3 for the next big cues in AI and semiconductors.
Energy and geopolitics: Oil cools as Israel–Lebanon truce returns
A fresh ceasefire understanding between Israel and Lebanon has eased crude oil prices, offering relief after a prolonged period of conflict-driven volatility. The latest round follows escalations linked to intensified operations in southern Lebanon. Markets are watching whether the truce holds and how it shapes near-term energy balances and risk sentiment.
US House rebukes Trump on Iran
In a rare move, the US House approved a war powers resolution seeking to halt military action against Iran, with a group of Republicans joining Democrats. The vote represents a notable challenge to President Donald Trump’s approach to the multi-month confrontation and has potential implications for global security dynamics and market risk appetite.
Metals: Gold and silver firm up
Gold and silver edged higher amid a softer dollar, easing crude, and recalibrated geopolitical expectations around West Asia. Traders noted modest gains on Thursday (June 4), with safe-haven demand steadying as energy markets cooled and currencies shifted.
Currency: Rupee inches up but headwinds linger
The rupee opened a shade stronger at 95.70 against the US dollar versus the previous close of 95.71. Persistent foreign outflows, higher-for-longer crude, and geopolitical uncertainties continue to pose external headwinds, even as domestic cues and central bank liquidity dynamics offer support.
Equities: Trent adjusts for bonus; IT stocks mixed
Trent shares traded lower after the stock began quoting ex-bonus (1:2), a customary adjustment following the company’s recent corporate action. Elsewhere, Indian IT majors opened mixed following overnight pressure in US peers, with TCS, Infosys, Wipro, HCLTech, and select midcaps like Persistent Systems and Coforge showing resilience in parts amid global tech volatility.
Autos and autonomy: Uber backs Nuro’s robotaxis
Uber has committed around $500 million to self-driving company Nuro as part of a broader push toward commercial robotaxis, with as many as 35,000 vehicles moving toward launch. The investment underscores intensifying competition in autonomous mobility and the race to scale driverless services profitably.
Policy watch: Maharashtra’s quantum and deep-tech blueprint
Maharashtra is set to roll out what it positions as India’s first comprehensive deep-tech policy framework, covering quantum technologies and the wider deep-tech ecosystem. With cabinet approval expected soon, the move aims to catalyze R&D, attract global partnerships, and accelerate commercialization across high-impact sectors such as semiconductors, AI, and advanced manufacturing.
Monsoon: IMD flags near-term onset and heavy rain risks in Kerala
The southwest monsoon is poised to enter Kerala within hours, according to the IMD, which has issued an orange alert for Alappuzha, Kottayam, and Ernakulam. The department warned of heavy to very heavy rainfall, with potential flooding, waterlogging, and landslides over the next few days. Authorities and residents have been urged to take precautions and monitor local advisories.
Regulation: SEBI consolidates AIF rules
SEBI released a revised master circular for Alternative Investment Funds (AIFs), unifying changes introduced over the last two years into a single framework. Key areas span investor onboarding norms, governance and disclosure standards, valuation protocols, compliance timelines, and pathways for overseas investments. The consolidated approach aims to streamline compliance and enhance transparency across the alternative assets ecosystem.
Brokerage radar: Power equipment in focus
A leading brokerage initiated coverage on four power electrical equipment companies, assigning “buy” ratings to three and “neutral” to one, with an implied upside potential of up to 32%. The call reflects expectations of a sustained capex cycle, robust order inflows, and tailwinds from transmission, distribution, and industrial electrification themes.
The day ahead: Computex 2026, Day 3
Computex 2026 enters Day 3 with sessions featuring top names in AI, semiconductors, and data infrastructure. Discussions are set to cover universal AI assistants, agentic chip design, AI factories, high-efficiency data center power architectures, and hyperscale storage. Industry leaders from global chipmakers, AI labs, EDA specialists, and storage innovators will outline roadmaps for performance, efficiency, and safety at scale.
Why it matters for markets
- Lower oil, if sustained, eases inflation pressure and supports risk assets and current accounts for importers.
- US policy shifts on Iran can recalibrate geopolitical risk and safe-haven flows.
- Gold’s resilience signals ongoing hedging amid macro uncertainty.
- Rupee stability hinges on FPI trends, oil trajectory, and central bank policy signals.
- Domestic policy pushes in deep tech and clear AIF rules can crowd in long-term capital.
- Tech and AI narratives from Computex could influence sector leadership and capex cycles.
