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Acme Solar Shares Surge 7% as Renewable Energy Firm Launches QIP at ₹294.13 Floor Price
Acme Solar Holdings (NSE: ACMESOLAR) made two significant moves on June 1–2, 2026. The company opened a Qualified Institutional Placement (QIP) to raise up to ₹2,800 crore, setting the floor price at ₹294.13 per share. That floor price represents a 4.16% discount from Tuesday’s closing price of ₹306.90. Acme Solar said it may, at its…
Nvidia CEO Says Company Can Meet AI Chip Demand Despite Supply Constraints, Reuters Reports
Demand for artificial intelligence chips remains one of the biggest drivers of the technology sector in 2026. On June 2, Nvidia CEO Jensen Huang said the company has enough capacity to support strong CPU and GPU growth despite ongoing supply constraints. His comments come as cloud providers and businesses continue investing billions in AI infrastructure…
Iran Blocks Strait of Hormuz, Halts US Talks on June 02
Iran halts US negotiations and blocks Strait of Hormuz, disrupting global shipping. Oil prices jump 7% as supply chains face severe strain.
Asia Stocks Trade Mixed on Iran Tension Fears; Nikkei & KOSPI Pull Back From Record Highs
Asia stocks market turned cautious on June 2, 2026, as rising tensions involving Iran pushed investors toward safer assets. Japan’s Nikkei 225 and South Korea’s KOSPI slipped after recently hitting record highs driven by the global AI boom. At the same time, oil prices moved higher, increasing fears about inflation and supply disruptions across Asia….
Swiss SMI Drops 1.75% on Iran Tensions, Pharma Stocks Fall
Swiss SMI index fell 1.75% to 13,305.40 on June 1 amid U.S.-Iran tensions. Pharma stocks dropped over 3% despite strong retail sales.
NHPC Shares Drop 4.6% as Government Launches OFS to Sell Up to 6% Stake
NHPC shares fell nearly 4.6% on June 2, 2026, after the Government of India announced an Offer for Sale (OFS) to offload up to a 6% stake in the state-owned hydropower company. The floor price of ₹71 per share came at a notable discount to the market price, triggering investor concerns and increased selling pressure. …
Sensex Falls to 73,976.62 (-0.39%) and Nifty 50 Dips to 23,283.15 (-0.43%) as HDFC Bank, Reliance Weigh on Markets
Indian stock markets remained under pressure on June 2 as the Sensex declined 290.72 points, or 0.39%, to 73,976.62, while the Nifty 50 fell 100.45 points, or 0.43%, to 23,283.15. The weakness followed Monday’s sharp selloff when the Sensex lost more than 508 points, and the Nifty 50 closed below the 23,400 mark. The decline…
Tech Stocks Lead US Markets to Record Highs on June 02
US stocks hit record highs as Nvidia surges 6% on new AI laptop chip. S&P 500 rises 0.26% to 7,599.96. Tech leads amid peace optimism.
Ukraine’s Drone Campaign Cripples Russian Oil Industry, June 02
Ukraine’s Operation Spiderweb drone campaign has crippled Russian oil refineries and military supply lines. Selenskyj sees opportunity for peace…