Jefferies has cut price targets for TCS, Infosys, Wipro, HCLTech, and Tech Mahindra amid AI-driven disruption and slow global tech spending. While preferring Coforge and HCLTech, the brokerage warns that large-cap IT valuations already reflect optimism, advising selective exposure amid near-term demand softness.Read More

Infosys’ share buyback is viewed as a pragmatic move amidst global IT challenges, according to Trip Chowdhry, who anticipates similar actions from other Indian IT firms. While immediate stock jumps are unlikely, the buyback aims to boost EPS. Chowdhry also advises caution regarding AI pricing and visibility in the U.S. market, contrasting Indian firms’ approach...Read More

Binance Coin (BNB) hit a record $907 after Binance announced a partnership with Franklin Templeton to develop digital asset products. The collaboration aims to combine tokenisation expertise and global trading infrastructure, creating innovative, compliant solutions for investors while bridging traditional finance and crypto markets.Read More

The Indian rupee saw gains on Friday. This is due to hopes of Federal Reserve rate cuts. Forward premiums reached levels not seen since May. The rupee had previously hit an all-time low. Pressure on the rupee continues due to tariffs and speculator demand. The Fed is expected to cut rates multiple times. Data supports...Read More

Asian gold markets experienced muted demand this week due to record-high prices. China saw significant discounts as retail purchases slowed, while its central bank continued its gold-buying spree for the tenth month. In India, buyers hesitated despite the approaching festive season, anticipating a price correction.Read More

BSE shares experienced a surge, climbing as high as 2.7% following reports that Sebi’s board meeting wouldn’t address ending weekly F&O contract expiries. This news reversed an 8% stock decline triggered by speculation about a shift to monthly expiries. While Sebi considers longer-duration F&O contracts, any changes will involve industry consultation, aiming to balance market...Read More

Indian government bonds experienced a slight dip in early trading on Friday as traders adjusted positions before the weekly debt auction. The yield on the benchmark 10-year note edged up to 6.4718%. Market participants are awaiting the details of India’s second-half borrowing plan and closely monitoring the August inflation data, projected at 2.1%.Read More

Dev Accelerator’s Rs 143 crore IPO has been oversubscribed 22.36 times on its final day, with strong demand from retail investors (77.60x) and NIIs (26.45x). Shares are trading at a 13% grey market premium, suggesting a potential listing near Rs 70, though GMP may fluctuate with market sentiment.Read More

The ECB kept rates at 2%, signaling caution. Markets cut rate-cut bets, boosting the euro. Inflation projections send mixed signals, leaving uncertainty on future policy despite balanced risks outlined by Lagarde.Read More

Eightco Holdings, the Wall Street penny stock, surged 3,000% in a single day after announcing a private placement linked to Worldcoin. However, shares gave up roughly two-thirds of those gains over the next three sessions, sliding from $45 to around $14 amid profit-taking.Read More