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IT stocks rally as AI deals, valuations draw investors
Indian IT stocks saw a significant surge on Monday, outperforming the broader market. The Nifty IT index reached its highest point since April 23. This rally was driven by attractive stock valuations and new AI partnerships. Investors are showing renewed interest, building fresh long positions. This rebound follows a period of underperformance for the IT sector this year.
Former SEBI official Ashwani Bhatia joins ICICI Bank board
ICICI Bank Ltd on Monday said its board has approved the appointment of Ashwani Bhatia as an Additional (Independent) Director for a five-year term from June 1, 2026 to May 31, 2031, subject to shareholder approval.
Trade Setup for June 2: Nifty risks further downside to May series lows as headwinds mount
The Nifty faced strong resistance near its 50-day moving average at 23,690, indicating continued near-term weakness. Analysts say that a breach below 23,262 could accelerate selling pressure and drag the index towards 23,150.
Nifty IT jumps over 2.5% as strong US software earnings revive sector optimism
Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%.
Sensex, Nifty end sharply lower amid Middle East tensions and risk-off mood
The S&P BSE Sensex dropped 508.40 points or 0.68% to 74,267.34. The Nifty 50 index fell 165.15 points or 0.70% to 23,382.60. In four consecutive trading sessions, the Sensex tanked 2.90% while the Nifty fell 2.70%.
Quick Wrap: Nifty IT Index rises 2.66%
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Share Market Today: Nifty 50, Bank Nifty Prediction | June 1, 2026 - Liquide Blog
Share Market Today: Nifty 50, Bank Nifty Prediction | June 1, 2026Liquide Blog
Nifty FMCG index sheds 2%; Dabur slips 4%; ITC, Britannia hit 52-week lows
In the past one month, the FMCG index has underperformed the market, by falling 5 per cent, as against 2.3 per cent decline in Nifty 50.
Indices trade with significant cuts; FMCG shares decline
At 14:30 IST, the barometer index, the S&P BSE Sensex declined 458.03 points or 0.61% to 74,317.71. The Nifty 50 index fell 143.10 points or 0.61% to 23,403.35.
Nifty Bank down 1%; Why SBI, ICICI Bank, Axis Bank, PNB shares fell today
Bank stocks fell on Monday, June 1, on rising oil prices and bond yields. Analysts, however, remain positive on the sector outlook on healthy credit growth outlook
Nifty Bank Drops 1% To Trade Near Day's Low: Canara, Union Bank Among Key Draggers
Bank Nifty was dragged by weakness in both private and PSU bank stocks
Nifty Bank drops 370 points as PNB, Axis Bank, SBI, and other stocks fall up to 2%. What lies ahead?
Banking stocks declined sharply on Monday, pulling the Nifty Bank index down more than 370 points. PSU banks led the losses, while analysts flagged key support and resistance levels for traders. Technical indicators suggest near-term consolidation, with the next directional move likely to emerge from a breakout or breakdown.