OLA Electric Mobility received board and shareholder approvals for a qualified institutional placement of equity shares. The issue opened on 1 June 2026. 

US stock futures rose ahead of Monday's trade, continuing the momentum from May driven by AI enthusiasm, despite concerns over oil prices. Analysts suggest geopolitical tensions are easing, with a focus on upcoming macroeconomic data, particularly the US jobs report.

Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%.

Vaxfab Enterprises soared 19% to ₹60, a 52-week high, after reporting a 67.7% increase in FY26 income to ₹99.60 crore and a 523% rise in net profit to ₹3.64 crore, driven by strong financial performance and diversification plans.

The Indian stock market closed sharply lower on June 1, with the Nifty 50 and Sensex both down 0.74%. Selling pressure from foreign investors and weak global cues impacted FMCG, financial, and auto stocks, while Nifty IT gained 2.62% amid broader market declines.