Shares of IBM plunged 13.2% Monday, marking their steepest single-day drop in over 25 years, after AI startup Anthropic said its Claude Code tool can modernise COBOL, the legacy programming language running on IBM systems, raising concerns of AI-driven disruption in IT and cybersecurity stocks.Read More

India’s equity market faces a holding pattern due to a prolonged earnings downgrade cycle, with valuations remaining elevated. While domestic inflows have buffered FII outflows, they’ve also delayed a necessary valuation reset. A turn in the earnings revision cycle, particularly with FY28 projections, is crucial for the market’s next upward move.Read More

Indian government bonds are trading in a narrow band. Investors are cautious due to significant state borrowing plans. Softer U.S. Treasury yields are providing some stability. The market awaits the outcome of state debt auctions. A large federal government bond sale is also scheduled. Global factors like U.S. yields and crude prices are being closely...Read More

Investors are advised patience with Hindustan Aeronautics Limited (HAL) despite its strong order book, as recent sentiment shifts and current valuations warrant caution. In the IT sector, selective opportunities exist in midcap players like KPIT, Mphasis, and Datamatics, driven by AI adaptability. IDFC First Bank requires trust repair and regulatory clarity before fresh exposure.Read More

Indian benchmark indices Nifty 50 and BSE Sensex experienced a sharp decline on Tuesday, with IT and auto stocks leading the fall. Investor wealth plummeted by Rs 2.94 lakh crore. Concerns over AI’s impact on COBOL systems and renewed tariff threats from former US President Trump contributed to the market downturn.Read More

India is set to raise a significant 1.79 trillion rupees from IPOs of state-run firms by 2030, part of a larger $183.7 billion asset monetisation drive. Key sectors like railways, power, petroleum, aviation, and coal will see stake sales. This initiative aims to boost government revenue and streamline operations across vital public enterprises.Read More

Software companies are delaying debt fundraising due to rising borrowing costs and increased lender scrutiny, driven by AI’s potential to disrupt traditional business models. This caution is evident in credit markets, with wider spreads for riskier borrowers and a slowdown in new financing deals as firms await market stability.Read More

MobiKwik shares surged up to 13% after its subsidiary received BSE approval to commence stock broking operations, completing key regulatory steps. The move marks the company’s expansion into financial services. Despite the rally, the stock remains significantly below its IPO and listing price levels.Read More

India’s economy is experiencing strong GDP growth, driven by fiscal and monetary stimulus and new trade deals with the US and EU. While past growth didn’t translate to corporate earnings, improving inflation and nominal GDP are expected to boost profits, attracting foreign investment and signaling a positive market outlook for the longer term.Read More

The Indian Rupee experienced a dip of 7 paise against the US Dollar, trading at 90.96 in early trade. This decline was influenced by escalating global crude oil prices and a strengthening dollar. Domestic equity markets also opened on a weak note, adding pressure. However, foreign institutional investor inflows provided some stability, preventing a steeper...Read More