Reality of Iran War Stalemate Finally Hits the Market – Monday Market Report
Moneylife Digital Team 01 June 2026
On Monday, 1593 stocks advanced, 2759 declined and 205 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.57 indicating a negative closing. The trend of the major indices on Monday’s trading is given in the table below.  
 
 
On NSE, 101 securities advanced and closed at a new 52-week high whereas 74 securities sank to close at their new 52-week lows. In sectoral indices, Nifty FMCG, Nifty India Defence and Nifty PSU Bank were among the biggest losers.  Nifty IT, Nifty Media and Nifty Metal were among the biggest gainers.
 
Tata Technologies (+1.35%) secured SAP PartnerEdge Sell authorization across India and the US, marking a significant expansion of its strategic partnership with SAP. This milestone represents a shift from a services‑led model to a solution‑driven, outcome‑focused approach, enabling Tata Technologies to lead engagements across the full transformation lifecycle from solution advisory and cloud ERP modernization to design, implementation, and value realization.
 
Marksans Pharma (-3.05%) signed a definitive agreement to acquire 100% of QliniQ B.V., a Netherlands‑based pharmaceutical company with established sales, marketing, and distribution operations in the Dutch healthcare market. The acquisition strengthens Marksans’ presence in regulated European markets and advances its forward‑integration strategy by enabling direct market access within the EU. QliniQ’s portfolio spans women’s health, dermatology, respiratory care, and other specialty categories. For FY25 (ended Dec 31, 2025), QliniQ reported €9.35 million revenue and €1.01 million net profit, underscoring its niche positioning and providing Marksans with a platform to expand in the European specialty pharma segment.
 
Balu Forge Industries (-5.01%) secured a defence contract to supply 30,000 units of 152 mm artillery shells to a leading Indian energetics firm, with deliveries beginning in June 2026. The order carries scalability potential to exceed 100,000 shells and  the agreement also integrates additional ammunition variants into the production pipeline, enabling the company to comprehensively address evolving artillery requirements.
 
Kalpataru Projects International (KPIL) (-0.25%) announced fresh order wins worth ₹2,002 crore, secured along with its international subsidiaries. The contracts span Power Transmission & Distribution (T&D) projects in overseas markets, Buildings & Factories (B&F) projects in India, and a Railways project in India.
 
Godrej Properties (GPL) (-2.75%) acquired a 23.2 acre residential land parcel in the DMIC integrated township, Greater Noida, through an e auction conducted by DMIC Integrated Industrial Township Greater Noida Limited. The development is projected to generate revenue potential exceeding ₹7,000 crore, with plans to launch a premium residential group housing project offering varied apartment configurations. Strategically located within the 750 acre DMIC township, the site benefits from smart plug and play infrastructure, robust connectivity via the Eastern Peripheral Expressway, Noida Greater Noida Expressway, and proximity to the upcoming Noida International Airport at Jewar.
 
Minda Corporation (-0.90%) reported a fire incident at its Noida manufacturing facility. The company confirmed that no casualties or injuries occurred, with emergency response procedures promptly activated and the situation brought under control by local fire authorities. Minda is now working closely with local and state authorities to restore normalcy, while the cause of the fire remains under investigation.
 
Wockhardt (+5.98%) achieved USFDA approval for ZAYNICH™ (cefepime + zidebactam), its novel intravenous antibiotic for adult patients with complicated urinary tract infections (cUTI), including pyelonephritis. This marks the first New Chemical Entity (NCE) fully developed and commercialised by an Indian pharma company to receive FDA approval — a milestone in India’s innovation journey. ZAYNICH™ combines a 4th‑generation cephalosporin (cefepime) with zidebactam, synergistically targeting multiple penicillin‑binding proteins to deliver potent bactericidal activity against multidrug‑resistant Gram‑negative bacteria. 
 
Adani Green Energy Limited (AGEL) (-1.93%) has successfully operationalised a 50 MW solar project at Khavda, Gujarat, further strengthening its renewable portfolio. With this commissioning, AGEL’s total operational renewable generation capacity has reached 19,835.8 MW, consolidating its position as India’s largest renewable energy player. In addition, the company now operates a Battery Energy Storage System (BESS) capacity of 3,366 MWh, underscoring its integrated approach to renewable generation and storage.
 
Hyundai Motor India (-2.16%) reported that a fire at the Irrungattukottai facility of its supplier Mobis India Ltd may cause a temporary disruption in production operations. The incident occurred in the late afternoon, with the company confirming that no fatalities were reported. Mobis India supplies audio components and other automotive parts to Hyundai, making this disruption potentially significant for the automaker’s supply chain. Both Hyundai and Mobis teams are working together to assess the extent of damage and restore normalcy, while investigations into the cause of the fire are underway.
 
Suprajit Engineering’s (+1.36%) GCM Division (formerly SCD) has reported strong contract wins in May 2026 following its strategic restructuring. The division secured new contracts worth $12 million annually, with a lifetime value of ~USD 75 million, across its plants in Matamoros (Mexico), Morocco, China, and India. Notably, Suprajit clinched its largest ever EV cable contract from a North American auto major, valued at $5.25 million per year and $37 million lifetime, for the Matamoros facility. Additional wins include a $2 million per year contract ($12 million lifetime) from a European luxury OEM, a USD 1.2 million per year contract ($6 million lifetime) from a Japanese OEM, and further orders from a leading Chinese EV manufacturer alongside new customers.
 
H.G. Infra Engineering (-1.99%) wholly owned subsidiary, H.G. Varanasi Kolkata PKG 10 Highway Pvt Ltd, has received the appointed date of 30 May 2026 from NHAI for a major Bharatmala Pariyojana project. The contract, valued at ₹1,303.11 crore, involves constructing a six lane Greenfield highway spanning 35.6 km from Deoria village to Donoreshan village in Jharkhand. The project will be executed on a Hybrid Annuity Mode (HAM) basis, with completion targeted within 730 days.
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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