Indian stock market shows resilience after positive signals between Narendra Modi and Donald Trump. Domestic investors provide support while foreign investors are cautious. Reserve Bank of India allows rupee to depreciate to boost exports. Experts believe corporate earnings may improve in coming quarters. Breakthrough in US tariff talks or government reforms could trigger foreign investment.Read More
Anticipation of a Federal Reserve rate cut, potentially starting with 25 basis points in September, fuels market optimism despite inflation concerns. Economist Willem Buiter suggests further cuts are likely, prioritizing employment data. While a weaker dollar is expected, bullish sentiment towards US assets could counter this.Read More
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 with IBM’s holistic AI strategy.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
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