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Condom-maker Cupid’s shares surged 5% on Tuesday, extending this week’s gains to 19% following its 4:1 bonus issue. The bonus shares are expected to be allotted today, making the stock more accessible to retail investors. The company also reported strong Q3 FY26 results with a 196% year-on-year net profit increase.
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The India VIX eased on Tuesday after having doubled over the past month. US President Donald Trump’s remarks hinting at a possible end to the Iran conflict helped ease concerns around global oil supplies and possible inflation. The decline in volatility, along with a sharp drop in crude prices, lifted sentiment and raised hopes of a short-term Nifty 50 recovery.
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Defence stocks are poised for significant gains, potentially up to 38%, as global conflicts spur increased military spending. Motilal Oswal highlights Hindustan Aeronautics and Bharat Dynamics as top picks, citing rising geopolitical tensions, robust government budgets, and supportive defence policies. Strong order inflows further bolster the bullish outlook for these companies.
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Market veteran A Balasubramanian highlights India’s capital market evolution since the 1990s, emphasizing long-term economic growth compounding over index prediction. He notes increased investor participation and confidence, asserting India’s resilience and potential to emerge as a global market winner despite current uncertainties.
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Bitcoin has rebounded towards $70,000, gaining nearly 3.50% in a day, as easing Middle East tensions and a pullback in oil prices boost crypto sentiment. Major altcoins also saw significant gains, with the global crypto market capitalization rising to $2.38 trillion. Analysts note Bitcoin’s resilience and supportive institutional flows.
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