Cybersecurity stocks in India and the US fell sharply after Anthropic launched Claude Code Security, raising concerns about AI-driven disruption in legacy systems and vulnerability management. Indian counters dropped up to 20%, while global peers also declined, as analysts cautioned that the sell-off may be narrative-driven.Read More
Bitcoin hovered around $63,000 as global risk aversion impacted crypto markets, with Bitcoin and Ethereum seeing declines. Major altcoins also slipped, contributing to a 2% drop in the global crypto market cap. Analysts suggest consolidation is underway, with institutional caution and liquidations in derivatives markets reflecting ongoing uncertainty.Read More
Corporate earnings in India are poised for a stronger FY27, driven by nominal GDP growth and rupee depreciation, according to Manish Gunwani. While AI disruption is currently influencing market sentiment more than earnings, domestic and export-oriented sectors are expected to benefit from the overall economic uptick.Read More
Australian shares saw little change as cautious investors awaited key domestic inflation data and clarity on trade tariffs. Losses in heavyweight banks offset gains in miners, with financials, technology, and real estate sectors declining. Miners and energy stocks provided support, with BHP hitting a record high.Read More
Shares of textile companies, including Gokaldas Exports, Pearl Global, and Trident, dropped sharply on Tuesday after the government cut RoDTEP duty benefits by 50%. Exporters urged the government to review the decison citing higher costs and slowing demand. The RoDTEP scheme refunds taxes and duties that are not rebated under any other scheme.Read More
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