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.
Gold ETFs witnessed a surge in August, with inflows jumping 74% to 2,189 crore, driven by its appeal as a portfolio diversifier amid global uncertainties. Experts highlight gold's role as a hedge against volatile equity markets and geopolitical tensions.
Waaree Energies' shares experienced a slight dip on Friday after a significant three-day rally, yet remain up nearly 30% over the last three months. The renewable energy firm's market capitalization briefly exceeded 1 lakh crore, prompting profit-booking. This pullback follows strong Q1 FY26 results, with net profit jumping 89.1% to 745.20 crore, driven by growth across its solar business verticals.
BSE shares experienced a surge, climbing as high as 2.7% following reports that Sebi's board meeting wouldn't address ending weekly F&O contract expiries. This news reversed an 8% stock decline triggered by speculation about a shift to monthly expiries. While Sebi considers longer-duration F&O contracts, any changes will involve industry consultation, aiming to balance market quality and hedging.
China's central bank may not cut rates soon. This is despite the expected rate cut by the US Federal Reserve. Policymakers are balancing economic growth with stock market concerns. They want to avoid a repeat of past market crashes. Weak economic data is increasing pressure for stimulus. However, a hot stock market complicates the decision.
