More Stories

Informist, Wednesday, Jun. 3, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: To open lower Wed as crude oil prices surge to $97/bbl

 

MUMBAI--0830 IST--The domestic equity indices are expected to open a tad lower Wednesday as crude oil prices have surged on fresh US attacks on Iran. Oil prices rose to $97 per barrel from the previous session's low of $92 a barrel. According to various news reports, the US military's Central Command conducted "self-defence" strikes on Qeshm Island in Iran and "defeated multiple" Iranian missiles and drones, as civilian vessels and regional allies Kuwait and Bahrain came under attack.

 

US President Donald Trump reacted to the reports that negotiations with Iran to end the war have stalled, saying that "conversations between us have been going on continuously." According to a statement from the US military's Central Command, Iran had launched several ballistic missiles at regional neighbours, though none hit their intended targets, CNBC reported.

 

At 0830 IST, the Brent crude oil August futures contract was 1% higher at $96.86 per barrel. So far this week, oil prices have risen by over 6%.

 

Emkay Global Financial Services expects 13.8?rnings-per-share growth for the Nifty 50 in 2026–27 (Apr-Mar), after companies delivered strong earnings growth in the March quarter for a second consecutive quarter. "The internals of the results were encouraging, robust topline, strong broad-based growth, and healthy cash flows and balance sheets," the brokerage said in its India strategy report.

 

However, the brokerage flagged a slowing in capital expenditure to 9% on-year as a concern. It sees a strong earnings recovery setting the stage for a robust FY27 for Indian equities, while the continued war in West Asia, with an extended closure of the Strait of Hormuz for the next one to two months, poses a serious risk.

 

In another development, InterGlobe Aviation Tuesday said it planned to return one Boeing 787-9 Dreamliner to Norse Atlantic Airways. Due to ongoing international airspace constraints that have significantly increased flight durations and a challenging cost environment, the airline discontinued its flight operations to and from Manchester with effect from Aug. 31, the company said in a press release Tuesday. Shares of InterGlobe Aviation closed 0.3% higher Tuesday.

 

At 0831 IST, the June futures contract of GIFT Nifty was largely flat at 23483.50 points from its previous close. This was almost in line with the Nifty 50's Tuesday's close of 23483.55. "On the downside, immediate support is placed at 23420 (level)," Rupak De, senior technical analyst at LKP Securities, said. "A breach below this level could trigger another decline towards 23200. On the upside, resistance is positioned around 23600."

 

Barring the IDX Composite and Hang Seng Index, all major Asian indices were higher in early trade. Japan's Nikkei 225 and Taiwan's TAIEX were the biggest gainers, up over 2?ch. All three major US indices settled higher on Tuesday.  (Arundathi A R)

---

 

Equity Alert: Most indices in Asia up, Japan's Nikkei 225 hits new high

 

MUMBAI--0815 IST--Indices gained Wednesday even as war between the US and Iran escalated, posing fresh challenge to a peace deal. Japan's benchmark Nikkei 225 index advanced almost 3% to hit a new record high and breach the 68000 mark for the first time. Technology stocks continued to drive indices higher. In Japan, heavyweights Advantest Corp. gained more than 5% and Tokyo Electron almost 12%.

 

Hong Kong's Hang Seng was the only major index declining in the region, down 1.3%. In China, the SSE Composite and the CSI 300 were up 0.3% and 0.9%, respectively. South Korea's KOSPI was closed Wednesday for local elections. 

 

On the macroeconomic front, Australia's GDP expanded 0.3% for the March quarter, lower than expectations. Reuters had polled a 0.5% increase for the quarter. "Modest growth reflects subdued household and government consumption, and adverse weather impacts that hampered mining production and exports," the Australian Bureau of Statistics said in a press release. On an annualised basis, GDP grew 2.5%. 

 

The following were the levels of major Asian indices at 0815 IST:

 

Index	Level	Change in %
CSI 300 Index	4964.1807	1.01
Hang Seng Index	25706.52	(-)1.27
Nikkei 225 Day	68469.82	2.60
TOPIX FIRST SECTION	3993.22	1.76
FTSE Singapore Strait Times	5145.13	0.94
S&P/ASX 200 Index	8777.60	0.61

 

(Ruchira Kagita)

---

 

Equity Alert: US indices end higher, most S&P 500 sector indices gain

MUMBAI--0740 IST--All three US indices ended in the green Tuesday as optimism around artificial intelligence continued to drive stocks up. Only four of 11 major S&P 500 sectors declined. However, gains were limited as investors were on edge amid fresh strikes between the US and Iran.

 

"Iran launched several ballistic missiles toward regional neighbors; however, all failed to hit their intended targets. Two Iranian missiles fired at Kuwait fell short or broke apart enroute, and three missiles launched at Bahrain were immediately intercepted by U.S. and Bahrain air defense forces," the US Central Command said in a statement. 

 

Among some stand-out shares were Marvell Technology. The company's shares soared more than 32?ter Nvidia Corp. Chief Executive Officer Jensen Huang called it the next "trillion-dollar company". Broadcom rose over 4% to touch a record high a day ahead of its earnings for the quarter ended April. In other news, Google parent Alphabet revealed plans to raise $80 billion to expand infrastructure for artificial intelligence and computing. The company also said it will sell $10 billion in stock to Berkshire Hathaway in a private placement. Shares of Alphabet fell almost 4%.

 

Meanwhile, US job openings rose 4.6% in April to 7.6 million, up from the upwardly revised 6.9 million in March. This is the highest rise in nearly two years. Meanwhile, the hiring rate fell to 3.2% in April from 3.5% in March. "For now, the labor market remains mostly stable. With the quits rate and the layoff rate ticking down in April, neither employees nor employers are in a hurry to make moves." CNBC quoted Matthew Martin, senior US economist at Oxford Economics, as saying in a note.

 

The following were the closing levels of major US indices on Tuesday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51307.79	0.45
NASDAQ Composite	27093.90	0.03
S&P 500	7609.78	0.13

 

(Ruchira Kagita)

 

US$1 = INR 95.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.