Wall Street closed sharply lower as tech giants like Microsoft and Amazon saw significant drops following Alphabet’s announcement of doubled AI capital spending. Investors grew wary of hefty AI investments, fearing they may not translate into immediate revenue and profit boosts, impacting software stocks. The market saw a rotation into cheaper stocks as volatility increased.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires
July 28, 2026