Railway-linked stocks like IRCTC, RVNL, and Jupiter Wagons fell significantly, with declines up to 8%, after the Union Budget FY26 did not meet expectations for a huge increase in railway capital expenditure. The government allocated the same Rs 2.5 lakh crore for railway capex as last year, dampening short-term growth prospects for the sector.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays