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NSE:MPHASIS 2 June 2026

India Shares Rise as IT Gains Offset Oil Surge, Foreign Outflows

India Shares Rise as IT Gains Offset Oil Surge, Foreign Outflows

Nifty 50 rebounded 0.18% to 23,425.40 by midday as IT stocks surged, offsetting losses in oil and banks and heavy foreign selling. Nifty IT jumped 4.18%, led by Infosys and TCS. Oil held near $94 a barrel, rupee slipped to 95.15 per dollar. NHPC fell after a government share sale at a floor price 8% below last close. RBI’s June 5 policy decision seen as key event risk; most economists expect no rate change.
2 June 2026
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Stock Market Today

  • Crypto Analyst Predicts 50x Surge for Aave, Outperforming Bitcoin by 2030
    June 28, 2026, 10:17 AM EDT. Bitcoin has declined over 50% since its October peak, amidst concerns about a crypto "Ponzi scheme" collapse. Geoff Kendrick, head of crypto research at Standard Chartered, forecasts a 50-fold surge in Aave's price-from $70 to $3,500-by 2030, positioning it to outperform Bitcoin and Ethereum. Aave, a major decentralized finance (DeFi) lending protocol with $12.4 billion locked in assets, suffered a $300 million exploit in April but remains a key player in DeFi, an emerging area Kendrick calls the next source of "generational wealth." He also predicts Bitcoin will reach $100,000 by 2026 and Ethereum $4,000. This highlights investor shifts towards DeFi amid faltering high-growth tech stocks and gold.

Latest articles

NVDA selloff drags $74 billion equity stake into spotlight

NVDA selloff drags $74 billion equity stake into spotlight

28 June 2026
Nvidia plunged 8.6% last week to $192.53, wiping out about $443 billion in equity value, as chip stocks suffered their worst week since April and Nvidia’s massive equity investment book added new risk to quarterly results; a further drop to $189.23 would mark a 20% slide from its May high.
AAPL volume spikes as QQQ faces memory squeeze risk

AAPL volume spikes as QQQ faces memory squeeze risk

28 June 2026
Apple (AAPL) surged 3.14% Friday on massive volume after a weeklong slide, but still lost $209 billion in value as memory chip price hikes forced iPad and MacBook increases; investors face margin pressure, supply-chain risks, and a short trading week with Apple now trading more on memory costs than iPhone cycles.
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