GIFT Nifty futures are trading at 23,122.5 as of 7:51 AM, indicating that the benchmark Nifty 50 index would open near Monday's two-month closing low of 23,123. According to The Hindu BusinessLine, Indian shares were set to open little changed on Tuesday with persistent foreign outflows keeping investors cautious. Foreign investors sold Indian shares worth ₹5,556 crore ($580.56 million) on Monday, marking their seventh straight session of selling and adding to record outflows from equities seen so far this year in Asia's third-largest economy. Asia-Pacific markets showed mixed performance as investors assessed the fragile ceasefire in West Asia, with Japan's Nikkei gaining 0.84%, South Korea's Kospi surging 3.68%, and mainland China's CSI 300 advancing 0.3%, while Hong Kong's Hang Seng fell 0.53%.
Bharti Airtel and Vodafone Idea shares remain in focus following the Bombay High Court's decision to quash the department of telecom's 2012 decision to levy a one-time spectrum charge. As reported by Business Standard, this development potentially paves the way for settling a decade-old issue still pending in the Supreme Court. Vodafone Idea disclosed on June 8, 2026, that it received an order from TRAI levying a financial disincentive of ₹15.57 lakh for non-compliance with unsolicited commercial communication regulations for the quarter ending September 2024. The penalty arises from failure to implement and enforce a scrubbing mechanism, with the company stating the maximum financial impact is limited to the extent of the disincentive levied. The telecom sector continues to face regulatory challenges that could impact both companies' financial performance and operational strategies.
The government has announced an offer for sale (OFS) of up to 3% stake in state-owned NLC India, with the floor price set at ₹303 against the stock's last closing price of ₹336. According to The Hindu BusinessLine, this represents a discount of about 10% to Monday's closing price. The government will sell up to 41.6 million shares (3%) of NLC India's equity capital. Meanwhile, Grasim Industries announced an investment of ₹3,094 crore for Phase II Lyocell capacity of 110K TPA at Harihar, Karnataka, with commissioning expected by 2028-2030. BEML is targeting an order book of more than ₹31,000 crore this fiscal year, while SpiceJet plans to induct three Airbus A320 planes on damp lease next month.
IRB Infra's May toll revenue increased by 25% year-on-year to ₹843 crore, as reported by Business Standard. SML Mahindra reported an 11.6% year-on-year increase in CV sales to 1,678 units in May 2026, compared with 1,503 units in May 2025. JNK India received a large order worth ₹100-300 crore from CC7 Emirates Engineering Solutions L.L.C., UAE for waste gas handling systems. Avantel secured a contract from Defence Research and Development Organisation for satellite terminals development valued at ₹9.94 crore.
Information technology companies will be in focus on Tuesday after a US federal judge struck down President Donald Trump's $100,000 fee on new H-1B visas for highly skilled foreign workers. As reported by The Hindu BusinessLine, the fee had threatened to increase costs for Indian IT companies and slow revenue growth in their biggest revenue market. HCLTech announced the launch of an AI Innovation Zone in collaboration with Google Cloud in Santa Clara, California, enabling global enterprises to scale AI applications. TCS launched its Global Value & Innovation Centres business unit to help enterprises establish AI-native global capability centres.
