Chinese stocks declined as technology shares weakened and investors adopted a cautious stance ahead of major central bank meetings and corporate earnings. Concerns about the AI-driven rally, slowing economic conditions and possible trust-sector selling added to market pressure, while investors watched for support from state-backed funds.
BSE shares rose sharply on Monday after Motilal Oswal upgraded the stock to Buy with a target price of Rs 4,000, implying 23% upside. The brokerage expects strong derivatives volumes, rising premium turnover, improving cash market participation and operating leverage to drive revenue growth, margin expansion and a 27% profit CAGR through FY28.
Swiggy shares rebounded nearly 5% after plunging 17% following its Q2FY27 results. While food delivery profitability improved, widening Instamart losses prompted Jefferies and Nomura to cut target prices, even as brokerages retained bullish ratings.
Foreign institutional investors turned net buyers in select stocks in the September 2026 quarter after two quarters of reduced exposure. Morepen Laboratories, Shanti Gold International and other stocks gained up to 135% over three months.
SK Hynix said it would announce shareholder-return measures alongside its quarterly results amid reports that it was considering a special dividend funded by gains from its Kioxia stake sale. The review comes as investors push major chipmakers to distribute more cash generated by the AI memory boom through dividends and share buybacks.
Jio Platforms raised about $3.1 billion through its record IPO, but intense competition among investment banks kept fees relatively low at around 0.65% of the issue size.
Six major hyperscalers are projected to spend $7.7 trillion on AI between 2026 and 2030, but generating adequate returns will be a challenge. UBS estimates they need $1 trillion in additional earnings before interest and taxes by 2031. The key questions are whether AI boosts productivity and companies can monetise those gains.
Tonbo Imaging shares rallied after a strong stock market debut, following heavy demand for its IPO. Investors will track revenue growth, order execution, profitability, working capital and cash flows to assess the defence electronics company’s long-term prospects.
Japanese government bond yields edged higher as investors assessed the monetary-policy outlook ahead of meetings by the Bank of Japan and the US Federal Reserve. Markets expected both central banks to keep rates unchanged while monitoring signals about possible December rate increases, inflation and economic growth.
Bharat Coking Coal shares sharply on Monday after the Coal India subsidiary reported a turnaround to profit in Q2 FY27, with net profit at Rs 123.7 crore and revenue up 39% year-on-year to Rs 4,412.58 crore. However, first-half production declined, while technical indicators pointed to continued weakness in the stock.
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