From the Reserve Bank of India’s MPC meeting to Reliance Industries’ upcoming 49th annual general meeting (AGM), the month of June 2026 is jam packed with events that investors ought to mark on their calendars.
In May, the benchmark indices, SENSEX and NIFTY50, declined, with the latter falling 3.5% over the month to close at 74,775.74 on the last working day of May. Meanwhile, the NIFTY50 dropped 2.6% to end at 23,547.75. The Iran-US conflict, rupee depreciation, rising crude oil prices, Q4 earnings, and FII outlflow, among others influenced the markets.
Let’s look at some key events that will shape the market in June 2026.
RBI MPC meet
The country’s apex bank, the Reserve Bank of India (RBI), is set to hold its second bi-monthly Monetary Policy Committee (MPC) meeting for the calendar year 2026, between June 3 and 5. RBI’s Governor Sanjay Malhotra will announce the MPC’s decision on Friday, June 5, following the deliberations.
At its previous meeting in April, the committee had decided to keep the key benchmark interest rates unchanged at 5.25% while maintaining a ‘neutral’ stance due to the heightened geopolitical uncertainties in West Asia.
The MPC of India is a six-member body tasked with fixing the benchmark policy rate (repo rate) to contain inflation.
In April 2026, India’s retail inflation eased to 3.48% from a year earlier, government data showed, remaining below the central bank’s medium-term target of 4% as food price pressures stayed contained. The Consumer Price Index (CPI)-based inflation was 3.60% in March and 4.83% in April 2025.
However, the dynamic geopolitical conditions have given rise to a risk of inflation in the domestic economy due to the massive supply chain disruptions and surging crude oil prices.
“Upside risks to the inflation outlook, driven by increased energy price pressures and probable weather disturbances affecting food prices, have increased. Core inflation pressures remain muted, although supply chain dislocations and the risk of second-round effects render the future inflation trajectory uncertain,” Malhotra had said in April.
US Federal Reserve’s FOMC meet
The US Federal Reserve’s FOMC meeting is scheduled to be held from June 16 to 17, with market participants betting on the Fed keeping interest rates unchanged, according to the CME Group’s Fed Watch.
However, the Fed’s preferred inflation gauge, the Personal Consumption Expenditures Index, jumped 3.8% in April as the West Asia crisis has led to a surge in crude oil prices.
According to a report by J.P. Morgan, analysts expect the Federal Reserve to hold interest rates steady for the rest of 2026, with a likely 25 basis point (bps) hike in the third quarter of 2027.
Aside from the US Federal Reserve and the RBI, several other central banks, including the Bank of Japan, European Central Bank, Bank of England, and the Swiss National Bank, among others, are set to meet in June to discuss interest rates.
RIL 49th AGM
The Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries (RIL) is slated to host its 49th annual general meeting (AGM) on Friday, June 19, 2026. It has also set Friday, June 12, 2026, as the cut-off date for determining the members eligible to vote on the resolutions set out in the notice of the AGM.
Aside from announcing its AGM schedule, the conglomerate also announced the record date for the final dividend of the fiscal year 2025-26 (FY26) that the company had announced earlier.
It fixed Friday, June 5, 2026, as the record date to determine the members eligible to receive the dividend for the 2025-26 financial year (FY26).
On April 24, along with reporting its results, Reliance’s board of directors had also recommended a dividend of ₹6 per equity share, with the face value of ₹10 each, for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing annual general meeting (AGM). The dividend, if declared at the AGM, will be paid within seven days of the AGM.
Wipro buyback
Wipro set June 5, 2026, as the record date for shareholder eligibility for its planned largest-ever ₹15,000 crore share buyback at ₹250 per unit.
On April 16, Wipro’s board of directors had approved the proposal to buyback up to 60 crore fully paid-up equity shares of ₹2 each, being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding ₹15,000 crore at a price of ₹250 per equity share.
The company’s shareholder had given their approval for the buyback proposal on May 21.
According to the filings, the buyback of shares will be done through the tender offer process, which means that the shares will be repurchased at the determined fixed price.
Fuel prices
In May, petrol and diesel saw multiple hikes, with the government increasing their prices by up to ₹2.87 per litre on May 25. With the latest revision, petrol prices in Delhi crossed the ₹100-a-litre mark, while diesel climbed to ₹95.20 per litre.
Any escalation in the ongoing Iran-US conflict will push crude oil prices higher. Contingent on the trajectory of the West Asia conflict, fuel prices might see further hikes in June.
US-Iran conflict
The Iran-US conflict, which began on February 28, has entered its fourth month. The war in West Asia has led to an unprecedented energy crisis, especially with the blockade of the Strait of Hormuz.
The United States and Iran have reached a tentative memorandum of understanding (MoU) that would extend the current ceasefire by 60 days and pave the way for fresh negotiations on Tehran’s nuclear programme, senior US officials said on May 28.
However, the proposed agreement still awaits final approval from US President Donald Trump, who has not yet decided whether to endorse the deal.
Iran has not publicly confirmed the reported understanding. Under the tentative arrangement, Iran would reportedly be barred from imposing tolls on vessels passing through the Strait of Hormuz and would be required to remove all mines from the crucial waterway within 30 days.
Aside from these key events, India will also witness the onset of the southwest monsoon in June. However, this year, the development of El Niño conditions during the season could weigh on rainfall across large parts of the country, according to the India Meteorological Department (IMD).
As per the RBI, India’s agriculture sector faces downside risks in 2026-27 from a likely El Niño-driven weak monsoon.
Furthermore, investors will also be focused on the Indian rupee in June, which touched an all-time low of 96.96 against the US dollar on May 20, amid heightened crude oil prices and rising US Treasury yields.