US Markets & Global Macro
- Wall Street Hits Record Highs: The S&P 500 and Nasdaq opened at fresh all-time peaks led by mega-cap technology and easing Treasury yields.
- AI Infrastructure Momentum: Nvidia, Microsoft, and Broadcom rallied, driven by upbeat corporate earnings outlooks and strong enterprise demand.
- Marvell Raises Multi-Year Guidance: Marvell lifted its revenue targets citing surging custom AI data center silicon and optical interconnect sales.
- Energy Supply Pressures: US EIA raised Brent forecast towards $98/bbl amid tightening global supply dynamics.
- Fed Supervision Policy: Federal Reserve Governor signals a regulatory and supervisory overhaul for mid-sized and large banking institutions.
Indian Equities & Domestic Highlights
- Markets Await RBI Verdict: Dalal Street trades rangebound with Nifty and Sensex consolidating ahead of the Reserve Bank of India’s policy outcome.
- Reliance Industries & Jio IPO: RIL gained over 3% following renewed brokerage updates highlighting valuation upside ahead of Jio’s listing timeline.
- Rupee & Bond Action: Indian benchmark bond yields held steady in tight bands while the Rupee hovered near 96.30 against the US Dollar.
- BPCL’s Global Capital Move: Bharat Petroleum finalized plans for up to $3B in debt issuances to fund overseas upstream assets.
- Retail Buying in Bluechips: Domestic retail flows continued accumulating large-cap IT and conglomerate leaders during cyclical corrections.
Trending Stocks in Focus
- Intel Terafab Rumors: Shares experienced volatility following comments surrounding prospective TSMC foundry partnerships.
- AMD Capacity Expansion: AMD confirmed expanded supply agreements to ramp up next-generation server chip delivery.
- Telecom & Media In Focus: Vodafone Idea, PC Jeweller, and Delta Corp witnessed heavy trading volume swings.
- Pharma Outperformance: Domestic healthcare counters like Suven Pharma logged strong momentum above key moving averages.
- Western Digital & Storage Sector: Storage manufacturers slipped under pressure after competitive Japanese HDD production capacity targets emerged.
Crypto & Web3 Developments
- Bitcoin Holds Range: BTC consolidated between $84,000 and $86,000, absorbing profit-taking after testing the $87,000 resistance zone.
- Citi Upgrades Crypto Targets: Citigroup raised its 12-month Bitcoin target to $113,000 and Ether target to $3,028 citing institutional adoption and ETF inflows.
- Ripple Lending Pilot: Ripple announced pilot testing for an XRP-backed short-term lending framework for enterprise customers.
- Cardano (ADA) Rally: ADA led major alternative tokens with double-digit percentage gains ahead of scheduled scalability milestones.
- SEC & CFTC Rulebook Steps: US regulators moved new proposed custody and tokenized trading frameworks forward for public register filing.
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