TLDR
Market Recap: June 02, 2026
On June 02, Indian equities snapped a four-day losing streak on June 2 as heavyweight IT buying helped benchmarks recover sharply from early losses. Sensex closed at 74,649.84, up 382.50 points or 0.52%, while Nifty 50 ended at 23,483.55, up 100.95 points or 0.43%. Midcap and Small cap indices gained 0.3% and 0.4%, respectively, while India VIX eased 7.18% to 15.35.
Key Drivers :
VIX cooled sharply: Lower volatility helped buyers rebuild risk appetite.
Crude stayed elevated: Brent near $95 kept macro caution alive.
Expiry positioning mattered: Weekly options churn amplified intraday market swings.
Today’s Top Stories:
TCS surges as AI optimism revives large-cap IT: AI optimism turned beaten-down IT valuations into Tuesday’s biggest large-cap trade again.
NHPC falls as government OFS opens at a steep discount: The government stake sale tested PSU appetite as discount-led pressure hit today.
Anant Raj jumps on ₹25,000 crore Haryana data-centre MoU: A mega Haryana data-centre plan put Anant Raj back in focus.
Oyo parent Prism gets SEBI nod for ₹6,650 crore IPO: Oyo’s parent moved closer to a long-awaited public market debut.
Ola Electric slips after launching an institutional fundraise: Ola’s QIP reopened investor worries around cash burn and recovery timing.
Market Snapshot
CNBC
Nifty 50 Index Heatmap
Trading View
Top Gainers & Losers
Trading View
TOP STORIES
1. TCS surges as AI optimism revives large-cap IT
Gemini-2.5
Market reaction: Shares jumped 7%, extending a two-session rebound near 9%.
AI trigger: Investors bought valuations after AI fears battered IT recently.
Brokerage read: Nuvama called IT’s setup a comeback, not a collapse.
2. NHPC falls as the government OFS opens at a steep discount
Gemini-2.5
Stake sale: The government offered up to 6% equity through OFS.
Pricing pressure: The floor price of ₹71 carried a nearly 8% discount.
Market reaction: Shares fell nearly 5% as supply concerns weighed.
3. Anant Raj jumps on ₹25,000 crore Haryana data-centre MoU
Gemini-2.5
Strategic move: Company plans data centres and cloud infrastructure across Haryana.
Investment scale: Proposed outlay stood near ₹25,000 crore, management said.
Market reaction: Shares rallied nearly 5% as AI-infra appetite strengthened.
4. Oyo parent Prism gets SEBI nod for ₹6,650 crore IPO
Gemini-2.5
Regulatory step: SEBI cleared Prism’s proposed IPO, sources told ET.
Issue size: Fresh equity raise could reach ₹6,650 crore.
Valuation watch: Expected valuation sits around $7-8 billion, sources indicated.
5. Ola Electric slips after launching an institutional fundraise
Gemini-2.5
Fundraising move: QIP opened with a ₹37.74 per-share floor price.
Market reaction: Shares fell nearly 4% as capital needs resurfaced.
Financial context: FY26 losses narrowed, but revenue nearly halved.
GYAANI HOT TAKES
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