Nifty 50 Snapped Losing Streak; Total Govt Expenditure For FY26 Reached ₹49,05,151 Cr
- Share.Market
- 0 min read
- 02 Jun 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Erasing early morning losses to snap a four-session losing streak, Nifty 50 and Sensex ended approximately 0.50% higher on Tuesday, June 2. The market’s recovery was spearheaded by an over 4% surge in the Nifty IT index, led by TCS, Infosys, and HCL Tech, as investors cheered Nvidia’s endorsement of Indian AI capabilities, strong enterprise deal pipelines, a weakening rupee, and hopes of US rate cuts.
Sentiment was further bolstered by positive global cues, including a tech rally sparked by Anthropic’s IPO filing and Alphabet’s $80 billion equity raise, alongside Brent crude dropping to $93 a barrel amid US-Iran deal negotiations. However, foreign investors remained cautious, offloading Indian equities worth nearly ₹3,912 crore on June 01.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
ACMESOLARACME Solar Holdings’ subsidiary commissioned a 33.33 MW/160.51 MWh Battery Energy Storage System (BESS) project in Rajasthan. This successful commissioning brings the company’s total operational BESS capacity to over 266 MW / 1283 MWh, strengthening its position in the renewable energy storage sector.
COFORGECoforge launched its “Nexa Agentic AI Platform”, designed specifically for the global insurance industry. The platform layers AI orchestration over existing core systems, offering over 30 AI assets to streamline underwriting, claims, and product development without disruption, promising workflow efficiency gains of over 30%.
ANANTRAJAnant Raj signed a Memorandum of Understanding (MoU) with the Haryana government to invest approximately ₹25,000 crore. Under the “Make in Haryana” initiative, the company will develop advanced Data Centers and Cloud Services, with the state ensuring dedicated support for digital infrastructure expansion.
ADANIENSOLAdani Energy Solutions incorporated seven new wholly-owned subsidiaries under the ‘Sunrays’ and ‘Arasan’ banners. Formed with a paid-up share capital of ₹5 lakh each, these entities are explicitly geared toward the generation, transmission, storage, and distribution of electricity, signalling continued operational expansion.
HINDUNILVRHindustan Unilever inaugurated its new Unilever Fragrance Hub at the IIT Bombay campus, making it the company’s third such global R&D centre. Part of a €100 million global investment, the facility integrates consumer insights, advanced science, and AI to accelerate in-house fragrance innovation and product premiumisation.
NHPCThe Government of India announced an Offer for Sale (OFS) to divest up to a 6% stake in NHPC. The sale includes a 3% base offer size and a 3% oversubscription option, with the floor price set at ₹71 per equity share.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 01 June 2026 | -3,911.68 | 5,109.13 |
| Month-to-Date | -3,911.68 | 5,109.13 |
What’s Happening Beyond Markets?
- Indian Railways loaded 145 million tonnes of freight in May 2026, marking a 1.3% increase despite global logistical headwinds. Additionally, passenger traffic crossed the 61-crore mark last month, driven by strong non-suburban travel demand.
- According to the Ministry of Statistics, India’s Index of Industrial Production grew by 4.9% in April 2026, fueled by a 6.2% expansion in manufacturing. The ministry also revised the IIP base year from 2011-12 to 2022-23 to better reflect current economic structures.
- According to provisional government data, India’s total receipts for April 2026 stood at ₹2,12,679 crore, meeting 5.8% of the budget estimate. Meanwhile, total expenditure for the month reached ₹5,74,892 crore, with ₹3,85,151 crore allocated toward the revenue account. Total government expenditure for the financial year reached ₹49,05,151 crore, with interest payments alone accounting for ₹12,42,575 crore.
- The India-Oman Comprehensive Economic Partnership Agreement has officially entered into force. The landmark trade pact offers zero-duty market access for 99.38% of Indian exports, significantly boosting labour-intensive sectors like agriculture, textiles, and gems.
- As per the Marine Products Export Development Authority, India’s seafood exports hit a record ₹73,890 crore in FY26. Driven largely by frozen shrimp, the United States and China remained the principal importers of Indian seafood despite challenging global market conditions.
The Aluminium Surge: Why This Industrial Metal is Skyrocketing!
Back to Basics
Terms that put you one step ahead – every day
What are Current Assets?
In business, current assets are all the valuable resources a company expects to sell, consume, or convert into cash within one year. Think of it like running a bakery. Your ovens and storefront are long-term assets. Your current assets are the cash in the register, the flour and sugar in the pantry, and the money a local café owes you for yesterday’s pastry delivery.
On a company’s balance sheet, you’ll find these listed right at the top. Common examples include cash equivalents, unsold inventory, and accounts receivable. For everyday investors, this number acts as a crucial financial health check. A company with plenty of current assets can easily pay its short-term bills and keep the lights on, indicating to the market that it is stable enough to weather unexpected economic bumps.
Learn more: https://www.share.market/buzz/learn/current-assets/
IPO Corner: Mainboard
Upcoming IPO
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| CMR Green Technologies | June 03, 2026 to June 05, 2026 | ₹630.88 Cr | ₹182 to ₹192 per share | ₹14,196 |
Corporate Actions
Companies with the ex-date and record date on 04 June 2026
| Company | Corporate Action |
| Technocraft Industries (India) Ltd. | Interim Dividend, ₹20.00 |
| Trent Ltd. | Bonus Issue, 1:2 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
