Bank stocks rose after RBI released details of its forex swap facility for overseas borrowings by lenders.
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Shares of Indian banks rose more than 1% on Tuesday after the central bank released details of its forex swap facility for overseas borrowings by lenders.
Banks can avail concessional swap from the Reserve Bank of India for overseas borrowings of a minimum maturity of three years, the RBI said.
The Nifty Bank index rose 1.2%, while the benchmark Nifty 50 was up 0.5%.
Published on June 9, 2026
AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas.
“Agnostic of these two companies, we were planning for something in 2028, so that still remains the case,” Srinivas told CNBC in an interview.
OpenAI confidentially filed for a US IPO earlier on Monday, following Anthropic’s filing last week. Elon Musk’s SpaceX is also preparing to go public on Friday.
“I certainly think there will be ripple effects if they don’t go well, like there is no sugar coating on that. The SpaceX IPO this week will definitely be a leading indicator of how Anthropic or OpenAI will go out,” Srinivas told CNBC.
“I think it’s important for the AI industry that these IPOs go well, and I actually think they will go well, because they’re doing well,” Srinivas added.
“By consistently holding 2028 as our earliest date for an IPO, Perplexity has been able to build a healthy, high-growth business,” Chief Business Officer Dmitry Shevelenko told Reuters in an emailed statement.
In 2025, addressing speculation about Perplexity’s finances, Srinivas said the company was not running out of money and had no plans to go public before 2028.
Crude oil futures traded lower on Tuesday morning after Iran and Israel agreed to stop attacks on each other.
At 9.57 am on Tuesday, August Brent oil futures were at $93.46, down by 0.84 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $90.19 down by 1.22 per cent. June crude oil futures were tra57ng at ₹8630 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹8707, down by 0.88 per cent, and July futures were trading at ₹8499 against the previous close of ₹8566, down by 0.78 per cent.
Iran and Israel stopped attacks on each other after US President Donald Trump asked them to halt fighting.
In a post on the social media platform Truth Social, Trump said: “Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on “Peace” are proceeding, subject to ignorance or stupidity getting in its way. The Blockade will remain in place, and in full force and effect, until a “Final Deal” is reached. Things should move quickly.”
Earlier in another post, Trump said: “Israel and Iran must immediately stop ‘shooting’.”
The fighting between Iran and Israel had threatened to jeopardise the peace negotiations going on between the US and Iran.
Crude oil prices increased by around 5 per cent on Monday after the attacks but later fell when Iran said its first wave of strikes on Israel was over.
On the National Commodities and Derivatives Exchange (NCDEX), June jeera contracts were trading at ₹19160 in the initial hour of trading on Tuesday against the previous close of ₹19120, up by 0.21 per cent.
June cottonseed oilcake futures were trading at ₹3537 on NCDEX in the initial hour of trading on Tuesday against the previous close of ₹3548, down by 0.31 per cent.
Published on June 9, 2026
Precision Electronics jumped 4.95% to Rs 156.95 after the company announced that it has secured an order worth Rs 37 crore from the Ministry of Home Affairs, Government of India, for the supply of surveillance systems.
The company said the name of the end customer cannot be disclosed due to confidentiality obligations and commercial sensitivity associated with the contract.
According to the company, the order is scheduled to be executed during the current financial year, FY2026-27.
The company further clarified that the transaction does not qualify as a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract.
Precision Electronics is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment.
The companys standlone net profit slipped 19.4% to Rs 2.03 crore, on 26.1% rise in revenue from operations to Rs 22.77 crore in Q4 FY26 over Q4 FY25.
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First Published: Jun 09 2026 | 9:31 AM IST
Sensex, Nifty, Stock Price Live Updates: Indian shares were set to open little changed on Tuesday with persistent foreign outflows keeping investors cautious, while Israel and Iran halted strikes on each other but left the door open for a resumption of attacks
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