Archived edition. A point-in-time market note kept for reference — figures and views were accurate as of its original date, not today.
Today’s context
Asian equities tracked Wall Street gains after the Fed cut rates and Chair Jerome Powell voiced optimism that the US economy will strengthen as tariff-driven inflation fades. MSCI Asia Pacific rose 0.5%; the S&P 500 added 0.7%, just short of all-time highs, with the Russell 2000 at a record. Bonds rallied; Nasdaq 100 futures fell 0.5% after disappointing Oracle results. Read: mixed clues from US and Asian markets.
MSCI Asia Pacific+0.5%
S&P 500+0.7%
Russell 2000At a record
ReadMixed clues
Company related
- IndiGo — DGCA deploys two on-site teams at the corporate office with daily reporting on crew, fleet, cancellations, refunds and baggage. Tagged: lack of faith in management.
- IndiGo guidance — 3QFY26 ASK growth cut to high-single/early-double digits; PRASK moderated lower. Tagged: structural de-rating ahead.
- TCS — to buy 100% of Coastal Cloud, all-cash $700 million. Positive
- Swiggy — QIP draws Temasek and Capital Group.
- Cipla — launches Yurpeak for obesity & diabetes. Positive
- KEI Industries — starts LT/HT cable output at Sanand Phase 1. Positive
- Tata Steel — 50% of Thriveni Pellets for ₹636 cr; MoU with Lloyds Metals on iron ore & logistics. Positive
- Lloyds Metals — arm to acquire 50% of Nexus Holdco FZCO for $55 mn. Positive
- DCM Shriram — MoU with Bayer Crop Science. Positive
- NALCO — awards ₹5,032 cr order to Dilip Buildcon for Pottangi bauxite mines. Positive
- Oracle — shares fell 10%+ as AI data-centre spending outpaced cloud revenue.
Trade war & geopolitics tracker
- US and India kicked off two-day talks to finalise a trade deal.
- US forces seized a sanctioned oil tanker off Venezuela — a serious escalation.
- US government to buy six Boeing 737s for deportation flights.
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