News Overview

Asian markets witnessed varied performance amid optimism surrounding easing geopolitical tensions, resilient economic data, and strength in technology stocks. Japan’s Nikkei extended its record-breaking rally, while investors monitored global trade developments, central bank commentary, and sector-specific opportunities across the region.

RR Kabel shares surged to a new 52-week high of ₹2,365 as investors cheered strong earnings growth, improving margins, robust demand in the cables and wires segment, and positive brokerage commentary. The stock has significantly outperformed broader market indices over the past year.

Indian benchmark indices ended higher for the fifth consecutive session as lower crude oil prices, easing geopolitical tensions, and optimism surrounding the India-UK Free Trade Agreement supported investor sentiment. Banking, realty, cement, and pharma stocks drove the rally, while IT stocks remained under pressure following hawkish US Federal Reserve commentary.

Textile and apparel export stocks rallied strongly after India and the UK confirmed the implementation of their free trade agreement, boosting sentiment across Welspun Living, Indo Count Industries, KPR Mill, and other exporters.

Nykaa stock jumped 8% after the company announced its FY30 roadmap targeting a $5 billion business, strong revenue growth, expanding wellness focus, and improving profitability.

Indian IT stocks declined sharply after the US Federal Reserve signaled potential future rate hikes, triggering a global tech sell-off and dragging the Nifty IT index down 1.8%.

Brigade Enterprises faces a regulatory setback after the Tamil Nadu SEIAA revoked the Environmental Clearance for its Brigade Morgan Heights residential project in Perumbakkam. The move follows allegations that construction began without mandatory approval from the State Wetland Authority, raising concerns over project timelines and compliance.

HFCL shares surged to the upper circuit after securing a ₹2,666 crore BharatNet Phase-III contract from RVNL. The project strengthens the company's order book, provides long-term maintenance revenue opportunities, and reinforces its position as a key beneficiary of India's broadband and digital infrastructure expansion.

CDSL shares rose on positive investor sentiment driven by upcoming meetings with global institutional investors such as Citadel and Millennium Partners, robust financial performance, and SEBI's approval of key leadership appointments. The developments have strengthened confidence in the depository's growth prospects and governance framework.

The filing of NSE's ₹30,000 crore IPO has sparked renewed investor interest in companies holding stakes in India's largest stock exchange. While NIACL, GIC RE, LIC, SBI and Bank of Baroda rallied on value-unlocking expectations, IFCI fell as investors questioned the immediate benefits of its indirect exposure through Stock Holding Corporation of India.