European blue-chip earnings expectations improved for a ninth consecutive week, with profit growth forecasts for STOXX 600 companies rising to 24.1%. While energy remains the biggest contributor, stronger results from industrial and materials companies suggest the recovery is broadening. However, higher bond yields, inflation and geopolitical risks continue to weigh on markets.
India’s REIT sector has significant room for expansion, with over 150 million sq ft of office space expected to become REIT-eligible by 2031, CareEdge Ratings said. Strong leasing demand, rising occupancy, healthy rental income growth and prudent leverage have kept listed REITs resilient, despite geopolitical tensions and elevated crude prices.
Wealthy families in India are shifting their fortunes into advanced investment mechanisms, with family office assets expected to rise markedly in the coming three years. This growth is fueled by rising wealth levels and innovative investment approaches. Families are increasingly directing significant resources toward alternative assets and forward-looking industries. To optimize their operations, contemporary family offices are leveraging technology and adopting professional governance practices.
Eurozone government bond yields edged lower as markets took cues from the US Treasury’s decision to expand liquidity operations for longer-dated debt. German bond yields also declined, while investors continued to price elevated expectations for an ECB rate hike amid persistent inflation concerns.
European shares remained flat on Thursday as rising crude oil prices and inflation worries counteracted a recovery in global bond markets following US Treasury intervention. German bond yields hit 15-year highs while travel and mining stocks fell.
Nearly 70 smallcap stocks gained more than 25% during this period, with the top 14 performers delivering returns ranging from 60% to a staggering 217%.
IT stocks extended gains for the second straight session, with Coforge and Persistent Systems leading the rally. Infosys, Wipro, TCS and Tech Mahindra also traded higher, lifting the Nifty IT index nearly 2%. The rally was driven by value buying amid a weaker rupee, with Indian IT stocks continuing to outperform global tech peers.
Zaggle Prepaid Ocean Services shares rose on Thursday, extending their three-day rally to 16% after Vijay Kedia-backed Kedia Securities acquired 20 lakh shares worth nearly Rs 33 crore. The stock’s sharp rebound comes days after it plunged 20% following a weak Q1FY27 earnings report.
MCX shares jumped over 4% as gold, silver and copper futures rose following a US Treasury liquidity support announcement. The stock has delivered stellar returns of around 900% in three years. UBS upgraded MCX to ‘Buy’ and raised its target to Rs 3,800, while HDFC Securities retained its ‘Buy’ rating, citing regulatory easing and strong growth potential
Japanese government bonds rallied on Thursday as a US Treasury move to boost liquidity support for longer-dated debt eased pressure across global bond markets. Long-term JGB yields fell, while strong demand at a 20-year bond auction offered further support. Investors, however, remained cautious over inflation, oil prices and debt levels.
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