News Overview

Indian benchmark indices rebounded on June 2, 2026, ending a four-session losing streak as a powerful rally in IT stocks lifted market sentiment. Nifty IT surged over 4%, supported by AI-driven growth expectations, positive global technology cues, and strong buying in large-cap tech stocks such as TCS, Infosys, and HCL Technologies. While consumer sectors also advanced, banking and financial stocks remained under pressure amid concerns over rising crude oil prices and inflation risks.

India has launched a strategic review of 500 heavily imported products, ranging from semiconductors and chemicals to aviation components and carbon fibres. The initiative aims to identify sectors where domestic manufacturing can be expanded, reducing import dependence while strengthening supply chains, creating jobs, attracting investment, and enhancing India's long-term industrial competitiveness. The outcome could shape the next phase of India's manufacturing and economic growth story.

India's proposed acquisition of 114 Rafale fighter jets could create a massive opportunity for domestic defence suppliers. Data Patterns and Azad Engineering are attracting investor interest as the market anticipates significant localization, aerospace manufacturing, and defence electronics opportunities under the Make in India initiative.

Hindustan Unilever (HUL) has inaugurated the Unilever Fragrance Hub in Mumbai, making India a key center for global fragrance innovation. The AI-powered facility is expected to accelerate product development, support premiumization, and strengthen HUL's long-term growth strategy.

Infosys has partnered with Handelsblatt Media Group to launch Editorial Link Intelligence (ELI), an AI-powered editorial engine built on Infosys Aster. The solution enhances content discovery, improves editorial workflows, and serves as another production-scale proof point of Infosys' growing enterprise AI capabilities.

South Korea's stock market capitalization has surpassed India's for the first time, fueled by a massive AI-driven rally in semiconductor giants Samsung Electronics and SK Hynix. While Korea benefits from global demand for AI infrastructure and corporate governance reforms, India's long-term investment story remains anchored in economic growth, rising incomes, and domestic consumption.

Coforge has unveiled the Nexa Agentic AI Platform, an AI-driven insurance operations solution designed to help insurers improve efficiency, accelerate product launches, modernize legacy systems, and reduce costs. The launch marks a significant step in Coforge's transformation into an AI-native technology company.

Indian IT stocks have surged as investors bet on accelerating AI spending, resilient global technology demand, potential US Federal Reserve rate cuts, and attractive valuations after a sharp correction. Here's what's driving the sector's recovery and what investors should watch next.

Anthropic has officially begun the IPO process, positioning itself ahead of OpenAI in the race to public markets. With a reported $965 billion valuation, explosive revenue growth, and strong enterprise adoption of its Claude AI ecosystem, the company could become one of the most important AI listings in history. Here's what investors need to know.

Ahead of the expected $2 trillion SpaceX IPO, Nasdaq has reportedly introduced significant changes to its index eligibility framework, including faster inclusion timelines, revised free-float requirements, and updated weighting methodologies. These adjustments could reshape how large newly listed companies enter major benchmark indices and influence passive investment flows across global markets