OpenAI IPO Buzz Shakes Tech Stocks

Your daily bite of business & market news 🗞️

Jun 11, 2026

🗞️ OpenAI’s IPO Filing Sparks Fresh Tech Jitters

Reports suggest OpenAI has confidentially filed for an IPO, adding pressure on global tech stocks as AI competition intensifies. The development comes amid a sharp selloff in US technology shares.

💬 Expert Take — “AI is no longer just a technology story. It’s becoming a capital markets story.”

🗞️ RBI Revives FCNR(B) Swap Window

The RBI has reopened the FCNR(B) swap window for NRIs to attract foreign currency inflows and support the rupee.

The move echoes a similar strategy used during the 2013 currency crisis.

🗞️ IT Stocks Slide as Global Tech Selloff Deepens

Infosys, HCL Tech and other IT stocks fell up to 3% as concerns around AI disruption and weakness in US technology stocks weighed on sentiment.

🗞️ Nasdaq Down 6% in Four Sessions

The Nasdaq has fallen 6% in four sessions, raising questions about spillover risks for Indian markets.

Analysts believe India may not remain insulated if the correction deepens.

🗞️ Flexi Cap Inflows Slow Sharply

Flexi-cap mutual fund inflows may have nearly halved in May, though investors continue to favour the category for long-term diversification.

🗞️ Retail Trade Model Keeps Evolving

According to an ET analysis, kiranas, e-commerce, and quick-commerce platforms are increasingly coexisting rather than replacing one another in India’s retail ecosystem.

🗞️ Markets Slip Amid Geopolitical Concerns

Sensex and Nifty remained under pressure as investors monitored developments related to the US-Iran situation and global market volatility.

📊 Market Update

📉 Sensex: 73,832.55 ▼ 150.63 pts (-0.20%)
📉 Nifty 50: 23,161.60 ▼ 53.35 pts (-0.23%)
🪙 Gold (per gram)
24K: ₹14,564 ▼ ₹213
22K: ₹13,350 ▼ ₹195
18K: ₹10,923 ▼ ₹160
🥈 Silver: ₹2,50,000/kg