Afcons Infrastructure shares jumped over 5% after the company secured its largest-ever international projecta Rs 7,544 crore railway construction and rehabilitation order in Croatia. The win marks Afcons entry into the European infrastructure market, boosting sentiment as mutual funds raised stakes and technical indicators signalled strengthening momentum.
Indian IT stocks tumbled sharply as Infosys, TCS, HCLTech and others fell up to 5%, dragging the Nifty IT index down 3%. The selloff followed OpenAIs launch of its Deployment Company, renewing fears of accelerated AI-led disruption. Weak sentiment persisted despite a record-high Wall Street rally and a weaker rupee.
ONGC shares surged 6% after CLSA termed the governments decision to cut crude oil and natural gas royalty rates a major positive for upstream producers. The brokerage said the move could raise ONGCs fair value by 7-9% and Oil Indias by 9-11%. Oil India shares also gained 7.5%, while CLSA maintained a High Conviction Outperform rating and Rs 405 target price.
Canara Bank shares rose after the lender reported a consolidated net profit of Rs 4,506 crore for Q4FY26, down 10% year-on-year and 13% sequentially. Despite the decline in profit, net interest income grew 4% YoY to Rs 9,808 crore.
Sameer Mathur, MD of Roinet Solution, shares how cricket and pickleball influence his business approach. He highlights adaptability, quick decisions, and teamwork. Mathur explains how reading changing conditions and balancing speed with precision are key. Building resilient organizations requires agility and trusting the process. Empowering teams creates long-term competitive advantage.
Alchemy Capital Management's Alok Agarwal highlights how a high-conviction, benchmark-agnostic approach has yielded extraordinary long-term wealth. A 1 crore investment in 2002 grew to 85 crore by April 2026, significantly outperforming the BSE 500 TRI. The strategy focuses on identifying structural growth themes and maintaining disciplined exits, proving its mettle over 24 years.
Aashish Somaiyaa, CEO of White Oak Capital, believes selective stock picking is key in the current market. He sees India's recent flat performance as a strategic entry point. Global investors should look beyond US tech towards emerging markets. The market faces near-term challenges from geopolitical events and energy prices. Somaiyaa's strategy focuses on identifying individual stock winners.
JSW Energy share priced decline 8% on Tuesday. The company reported a 38% profit jump and 41% revenue growth year-on-year. Power sales volume climbed significantly. Renewable and thermal generation saw substantial increases. The company also recommended a dividend payout. This performance boosts investor interest.
Oil prices rose for a second day as uncertainty surrounding U.S.-Iran conflict resolution kept global crude supply concerns high. President Trump indicated ceasefire talks are struggling, while the U.S. plans to release oil from its reserves. Market attention now shifts to Trump's China visit, with hopes of leveraging influence for a resolution.
Investor Michael Burry, famed from 'The Big Short,' warns the Nasdaq 100 faces a sharp downturn, likening its "parabolic" tech surge to the dot-com bubble's peak. He points to soaring chip stocks and inflated valuations, suggesting Wall Street is overestimating company earnings. Burry advises caution and profit-taking, anticipating a significant market correction.
