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The Indian ​rupee ended nearly flat ​on Wednesday as dollar demand spurred by maturing ​contracts in the non-deliverable forwards market blunted positive impulses from modest inflows and gains in Asian peers.
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IDiscussions are ongoing and details such as the size and timing of the share sale could change, the people said. A spokesperson for Bagmane REIT didn’t respond to a request for comment.
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Foreign institutional investors increased stakes in 11 high-growth companies from the BSE1000 universe, each delivering strong earnings growth and stock returns of up to 268% over the past year. These multibaggers, backed by solid fundamentals and institutional confidence, continue to remain key stocks for investors tracking momentum and growth opportunities.
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European ​shares rose to a record high on Wednesday, underpinned by a rebound in financials after British bank HSBC raised a key lending target, ‌while concerns that ⁠newer ⁠AI models might imminently disrupt traditional businesses appeared to ease.
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CLSA has maintained an Outperform rating on Tata Consultancy Services with a target price of Rs 3,593, implying 39% upside. The brokerage sees scope for a Rs 35 Q4 dividend and a potential buyback. However, AI disruption concerns and macroeconomic risks continue to weigh on IT sector valuations.
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