*Summary* Global markets signaled a cautious start to trading, with U.S. and most Asian futures in the red, while Gift Nifty remained marginally lower. Foreign investors continued selling, offloading ₹3,911.68 crore, though strong DII buying of ₹5,109.13 crore provided support. In commodities, gold and silver extended gains on safe-haven demand, while crude oil, natural gas, and copper traded weaker. Corporate developments remained active, led by Anant Raj’s major data center investment plans, Wockhardt’s U.S. FDA approval, Wipro’s acquisition move, and Zee’s FIFA partnership. Meanwhile, India’s industrial output beat expectations, highlighting resilience in the domestic economy despite global uncertainties.

Global Market Futures (as of 06:05 AM IST)
US Market (Futures)

•    Nasdaq: -0.52%
•    Dow Jones: -0.40%
•    S&P 500: -0.31%

European (Futures)

•    Ftse 100: -0.04%
•    Cac 40: -0.27%
•    Dax: +0.08%

Asian (Live Market)

•    NIKKEI 225: -0.75%
•    KOSPI: -0.76%
•    ASX 200: -0.80%

Gift Nifty (Prev. Close): 23460.50 (-0.02%)

FII and DII Trading Activity June 1, 2026 in Cash Market Segment:

FIIs / FPIs: Net Sell of ₹3911.68 crores

DIIs: Net Buy of ₹5109.13 crores

Commodity Market Updates:

International commodity markets traded mixed in the latest session, with precious metals extending gains while energy commodities remained under pressure. Gold strengthened, with spot gold (XAU/USD) rising 0.20% to 4,493.88 and gold futures gaining 0.38%, reflecting continued safe-haven demand amid global economic and geopolitical uncertainties. Silver also moved higher, advancing 0.27% to 75.460, supported by both investment and industrial demand prospects. In contrast, base metals and energy commodities witnessed mild weakness. Copper slipped 0.14% to 6.5615, indicating cautious sentiment around global manufacturing activity. Crude oil prices eased, with WTI crude falling 0.27% to 91.91 and Brent crude declining 0.57% to 94.90, amid concerns over demand outlook and supply dynamics. Natural gas also edged lower by 0.22% to 3.182, reflecting subdued market sentiment. Overall, precious metals outperformed while energy markets remained soft.

Key Corporate Updates:

Positive:

• ACME Solar Holdings: Commissioned 33.333 MW / 160.512 MWh Battery Energy Storage System (BESS) capacity at Phalodi, Jodhpur, strengthening its renewable energy storage portfolio and grid-support capabilities.
• Anant Raj: Announced plans to invest approximately ₹250 billion in data center and cloud services infrastructure and executed an MoU with Haryana Enterprises Promotion Centre, reflecting a major long-term expansion into digital infrastructure.
• Equitas Small Finance Bank: Received RBI approval for Mirae Asset Mutual Fund to acquire an aggregate stake of up to 9.50% in the bank, indicating institutional investor confidence.
• Fino Payments Bank: Entered a strategic partnership with Ezee.ai to build a lending ecosystem supporting its transition strategy towards becoming a Small Finance Bank.
• Firstsource Solutions: Along with AppliedAI, reported positive real-world outcomes from their strategic partnership, highlighting successful implementation of AI-led business solutions.
• Gabion Technologies India: Received multiple routine work and supply orders between May 17 and May 30, 2026, aggregating approximately ₹126.1 million including GST.
• Harshdeep Hortico: Entered into a Letter of Intent with Ugaoo Agritech with an indicative aggregate arrangement value of around ₹120 million during FY2026-27.
• IndiQube Spaces: Signed a five-year workspace agreement worth approximately ₹520 million in North Bengaluru, strengthening revenue visibility and occupancy levels.
• Investment Trust of India: Approved transfer of its fund and asset management business to ITI Asset Management as part of business restructuring initiatives.
• ITCONS E-Solutions: Secured a contract valued at approximately ₹12.3 million, adding to its order book.
• Mangalam Worldwide: Announced plans to establish a wholly owned subsidiary in Europe to strengthen international operations and market reach.
• Monarch Surveyors & Engineering Consultants: Received a new order worth approximately ₹20.2 million.
• NMDC: Reported May 2026 iron ore production of 5.31 million tonnes compared with 4.43 million tonnes in May 2025, registering strong year-on-year growth.
• PNC Infratech: Received a Letter of Acceptance for a four-lane flyover project in Lucknow valued at approximately ₹1.94 billion.
• Pro CLB Global: Signed an MoU for strategic investment and acquisition of K Globes Digital Media and plans to invest up to ₹200 million in the business.
• Rajvi Logitrade: Entered into commercial vehicle lease agreements effective June 1, 2026, supporting expansion of its logistics operations.
• Shree Refrigerations: Scheduled inauguration of its new manufacturing facility at Karad on June 20, 2026, enhancing production capacity.
• Trishakti Industries: Announced plans to enter the EV machinery segment in Q2 FY27, diversifying its business operations.
• Wipro: Will acquire an additional stake in Aggne Global Inc for a purchase consideration of USD 28.5 million, expanding its digital transformation capabilities.
• Wockhardt: Received U.S. FDA approval for Zaynich (cefepime and zidebactam), a novel intravenous antibiotic for treatment of adult patients with complicated urinary tract infections including pyelonephritis.
• Zee Entertainment: Partnered with FIFA to broadcast 39 global football events, including the FIFA World Cup 2026, significantly strengthening its sports content portfolio.

Negative:

• Authum Investment & Infrastructure: CFO Amit Kumar Jha tendered his resignation.
• Excelsoft Technologies: CFO Subramaniam Ravi resigned and will cease responsibilities effective August 31, 2026.
• Flexituff Ventures International: Sunil Ramsinghani will cease to serve as Chairman of the Board.
• Force Motors: Reported May 2026 total sales of 2,614 units compared to 3,088 in the previous year, with Domestic sales dropping by 14.72% and Exports by 37.21%.
• Hindustan Organic Chemicals: Extended temporary shutdown of its Kochi Phenol Plant due to statutory testing requirements associated with the BPCL LPG supply cross-country pipeline.
• IVP: Reported an alleged employee fraud incident with an estimated financial impact of approximately ₹61.3 million.
• JK Agri Genetics: Received a final tax liability demand amounting to approximately ₹7.8 million.
• Madhusudan Securities: CFO Vishwanatha Srinivas resigned from the company.
• MEP Infrastructure Developers: CFO Rajendra Pawar resigned from his position.
• Reliance Communication Group: CBI arrested senior executive Amitabh Jhunjhunwala in a bank fraud case, creating governance concerns around the group.
• Spacenet Enterprises India: Chairman S. Ravi resigned effective June 1, 2026.
• Veerkrupa Jewellers: SEBI barred the company from accessing securities markets for five years due to regulatory violations.
• Vidya Wires: Received an income-tax demand of approximately ₹247.3 million for the block period 2018-2025.

Neutral:

• ACME Solar Holdings: Approved the opening of a Qualified Institutional Placement (QIP) issue on June 1, 2026, with a floor price of ₹294.13 per equity share, implying potential equity dilution.
• Audroc: Approved issuance of equity warrants aggregating up to ₹800 million.
• Bharatiya Global Infomedia: Appointed Jamuna Prasad Sharma as Chief Financial Officer.
• Canara Bank: Government appointed Brajesh Kumar Singh as Managing Director and Chief Executive Officer.
• Cochin Shipyard: Government extended the additional charge of Chairman and Managing Director to Jose V. J. for another three months.
• Edelweiss Asset Reconstruction Company: Arun Mehta assumed charge as Managing Director and Chief Executive Officer.
• Indian Bank: Increased its one-year MCLR to 8.85% from 8.75%.
• Jai Mata Glass: Appointed Aashish Gupta as Chief Financial Officer.
• Kanel Industries: Board to consider fundraising through a Qualified Institutional Placement.
• Maruti Suzuki: Reported around 40% increase in CNG bookings following fuel price hikes, stated alternate shipping routes are being deployed to maintain exports, and noted that fuel price increases have had lower impact on premium vehicles compared to entry-level models.
• Novelix Pharmaceuticals: Board to consider a preferential issue of securities.
• NHPC: Government announced sale of up to 6% stake through Offer for Sale (OFS) with a floor price of ₹71 per share, creating near-term supply overhang on the stock.
• Ola Electric: Approved opening of its Qualified Institutional Placement (QIP) and fixed a floor price of ₹37.74 per equity share.
• Protean eGov Technologies: Appointed Ajay Rajan as Managing Director and Chief Executive Officer effective June 1, 2026.
• Regency Fincorp: Board to consider issuance of Non-Convertible Debentures through private placement.
• Satin Creditcare Network: Board will consider fundraising through issuance of securities on June 4, 2026.
• Sayaji Hotels: Agreement with Wonder Leopard Retreat terminated effective May 31, 2026; although management indicated no material impact on net worth.
• Shreyans Industries: Appointed Amit Arora as Chief Financial Officer effective June 1, 2026.
• Sigma Advanced Systems: Board to consider issue of equity shares on a preferential basis.
• Supra Pacific Financial Services: Board to consider issuance of secured, unrated and unlisted NCDs exceeding ₹10 million.
• Suryoday Small Finance Bank: Board to consider fundraising through equity issuance, bonds, NCDs and other debt securities.

Macro, Non-Corporate, Unlisted & Foreign Stocks:

1) AirTrunk: Announced plans to invest approximately USD 21 billion in India's fast-growing data center sector.

2) Bundibugyo Ebola: Updates highlighted vaccines and treatments currently under development for the disease.

3) FedEx Freight: Shares declined following their market debut, reflecting weak investor sentiment.

4) India Cotton Trade: Government removed cotton import tariffs for five months to support textile exporters and improve raw material availability.

5) India Fertiliser Demand: Government revised lower summer crop fertiliser consumption estimates, reducing urea projections to 19 million tonnes and DAP projections to 6.6 million tonnes.

6) India Fuel Retailing: Government indicated fuel retailers are incurring losses of about ₹30 per litre on domestic aviation fuel sales and approximately ₹650 per domestic LPG cylinder.

7) India Government Bonds: Government announced sale of ₹340 billion of 6.94% 2036 bonds through auction on June 5.

8) India Fiscal Position: FY2025-26 fiscal deficit stood at 4.4% of GDP in line with estimates; April FY27 fiscal deficit was ₹3.62 trillion or 21.4% of the annual target.

9) India Tax Collections: April net tax receipts stood at ₹1.78 trillion, while FY26 net tax receipts were ₹26.23 trillion.

10) India Industrial Output: April industrial production grew 4.9% YoY against Reuters estimate of 3.9%, while manufacturing output increased 6.2% YoY under the new series.

11) India Bond Market: Benchmark 10-year government bond yield closed at 7.0181% compared with previous close of 7.0037%.

12) Indian Rupee: Ended largely unchanged at 94.99 per U.S. dollar against previous close of 95.00.

13) India-Myanmar Relations: India and Myanmar agreed to facilitate bilateral trade through mechanisms including rupee-kyat settlements, while India reiterated support for peace and stability efforts in Myanmar.

14) India-UK Trade Relations: India may reconsider tariff concessions on Scotch whisky if the UK imposes steel safeguards, while the UK government reiterated efforts to operationalise the India-UK Free Trade Agreement at the earliest.

15) India-U.S. Trade Relations: Both countries are targeting conclusion of the first tranche of a bilateral trade agreement; India will seek relief under Section 301 measures and aims to secure competitive advantages versus peer economies.

16) Kohl's Corporation: Shares gained around 6% in pre-market trade after Citigroup upgraded the stock to "Buy".

17) Raw Sugar Market: Sugar prices rallied amid rising oil prices and concerns over potential El Niño weather disruptions.

18) RBI: Announced a three-day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility for ₹750 billion on June 2, 2026.

19) Renault India: Reported year-on-year increase in wholesales during May 2026.

20) Royal Mail: UK regulator launched an investigation into missed delivery targets.

21) SEBI: Issued a consultation paper proposing revisions to the framework for calculation of Net Distributable Cash Flows for InvITs.

22) Ship Operators: Industry participants urged governments and regulators to establish clearer rules to normalise shipping operations through the Strait of Hormuz.

23) Statistics Ministry: India will introduce a new Index of Service Production next month to improve economic activity measurement.

24) Venezuela Oil Exports: Total crude exports rose to approximately 1.25 million barrels per day in May; exports to the U.S. increased to around 558,000 bpd, exports to India rose to about 427,000 bpd, while exports to Caribbean storage destinations declined to approximately 58,000 bpd.

Bulk & Block Deals:

Capri Global Capital

Morgan Stanley Asia Singapore has bought 50 lakh shares (0.51 percent stake) in Capri Global Capital for ₹96.25 crore. However, of which, Samvrudhi Tradesol sold 20 lakh shares for ₹38.5 crore, and Gainful Multitrade 30 lakh shares for ₹57.75 crore. The transaction price was ₹192.5 per share.

Lloyds Metals and Energy

BNP Paribas Financial Markets has acquired 8.96 lakh shares (0.15 percent stake) in Lloyds Metals and Energy from Morgan Stanley Asia Singapore for ₹161.52 crore. The transaction price was ₹1,802.1 per share.

Indiabulls

Unico Global Opportunities Fund has acquired 1.5 crore shares (0.64 percent stake) in Indiabulls, the real estate and financial services firm, for ₹31.5 crore from ACM Global Fund VCC. These shares were exchanged at a price of ₹21 per share.

KSR Footwear

Alpa Wealth Creator has bought 1 lakh shares in the company for ₹33.32 lakh at ₹33.29 per share.

IPO Listing:

Yaashvi Jewellers (SME)

Harikanta Overseas (SME)

On-going IPO:

Last Date 03-Jun

Merritronix Ltd (BSE SME)

SMR Jewels Ltd (BSE SME)

Upcoming IPO:

3-June to 5-Jun

CMR Green Technologies Ltd

Securities Trading Ex-Dividend on June 2, 2026

Setco Automotive Ltd

Securities Trading Ex-Income Distribution on June 2, 2026

Altius Telecom Infrastructure Trust (InvIT), Oriental Infra Trust (InvIT), Nxt-Infra Trust (InvIT), NDR Invit Trust (InvIT)

Securities Under F&O Ban on June 2, 2026

AMBER, KAYNES

Source: WOWNEWS24X7, Moneycontrol, Investing.com