Data service stocks plunge up to 10% as Anthropic releases AI in legal space
Shares of legal software firms and data service companies saw a sharp decline on Tuesday. This downturn followed the release of a new AI automation tool by Anthropic. Investors fear this tool could significantly impact the core businesses of these companies. Major players like RELX Plc and Wolters Kluwer NV experienced substantial drops.
India’s first AI IPO: Fractal Analytics announces dates for Rs 2,834 crore public issue
Fractal Analytics announced dates for its Rs 2,834 crore IPO, billed as India’s first pure-play AI listing. The issue includes fresh shares and an offer-for-sale, funding global expansion, AI products and acquisitions, amid improving profitability and rising investor interest globally.
Gold prices set for biggest daily gain since 2008 after historic crash. Should you buy?
Gold and silver surged on Tuesday, marking their strongest single-day rebound since last week’s historic sell-off. Gold rose above Rs 1,51,000, while silver also recovered sharply. Analysts attribute the bounce to technical oversold conditions, short covering, and safe-haven demand, with US economic data and Fed policy likely to influence near-term volatility.
AB Capital Q3 cons PAT jumps 33% YoY to Rs 945 cr, revenue up 27%
Aditya Birla Capital posted a strong Q3FY26 with profit rising 33% and revenue up 27%, led by robust lending, insurance and asset management growth, improving asset quality and higher disbursements across businesses.
Bajaj Housing Finance shares jump 6% after Q3 net profit soars 21% YoY
Bajaj Housing Finance shares rose sharply on Tuesday after the company reported a strong Q3 show. Its net profit soared 21% YoY to Rs 665 crore, signalling strong growth momentum. Strong NII growth, a 23% rise in AUM, and robust asset quality supported sentiment, though technical indicators pointed to cautious short-term momentum.
Power Grid shares rally 13% in two days on higher FY26 capex guidance
Power Grid shares rose sharply, extending their two-day rally after the PSU raised its FY26 capex and capitalisation guidance. Strong Q3 results, higher government investment plans, and bullish technical indicators have boosted investor sentiment, with the stock trading above key moving averages and showing further upside potential.
Eternal shares soar 9% as Jefferies adds stock to India model portfolio, labels it ‘FPI favourite’. Here’s why
Eternal shares surged9% after global brokerage Jefferies added it to its India model portfolio, citing strong growth and improving margins. Jefferies highlighted Eternal’s quick commerce success and set a street-high target price, anticipating significant upside. The company’s Q3 results showed robust profit and revenue growth, with food delivery demand recovering.
FPI investments in primary market nearly halve in FY26
Foreign investors reduced selling in Indian stocks this fiscal year. However, their investment in initial public offerings and qualified institutional placements also dropped significantly. This trend suggests a waning interest in Indian equities. Meanwhile, domestic mutual funds continued their strong support with consistent inflows, remaining net buyers throughout the period.
Rupee, stocks to get tariff-truce boost, investors say
US President Trump announced a significant reduction in tariffs on Indian goods, lowering them from 25% to 18%. This move, linked to India’s agreement to halt Russian oil purchases, is expected to strengthen the rupee and boost Indian stocks. Strategists anticipate positive impacts across various asset classes and export-oriented sectors.
Arbitrage MF returns to face the squeeze with rise in STT
Arbitrage funds, popular with affluent investors, are set to see returns shrink by 25-35 basis points due to a proposed increase in securities transaction tax (STT) on equity derivative trades. The government’s budget proposal raises STT on futures sales, impacting the price anomalies these funds exploit. Despite this, their tax efficiency is expected to maintain […]