IT rally cushions markets as Nifty slips back into consolidation zone by midday

Nifty Prediction Today – June 1, 2026: Nifty futures: Decline likely to extend

Nifty 50 futures fell 0.5% to 23,640 on June 1, erasing a gap-up open as bears target the 23,500 support with extension risk to 23,000. Nifty IT gained 3%—Infosys +4.3%, Tech Mahindra +3.2%—signaling resilient investor confidence in Indian IT despite broader market weakness.