US stocks ended mixed as AI-driven optimism supported markets but was offset by rising geopolitical tensions and oil prices. Small-cap and semiconductor stocks gained, while software lagged. Alphabet’s massive AI funding plan and Marvell’s rally highlighted ongoing AI momentum, even as inflation fears and rate hike concerns kept investors cautious.
Alkem Laboratories shares experienced significant block deals totaling Rs 930 crore. Promoter family entities divested shares to a group of domestic mutual funds and foreign institutional investors. This transaction occurred after a strong performance by Alkem Laboratories shares over the past year. The deal highlights continued institutional interest in the pharmaceutical sector.
Musk called the settlement a fair, adequate ‌and reasonable resolution where "each â side gave â something up and each side gained something," according to a Monday night filing in the Washington, D.C., federal court.
The oral drug, pociredir, was ‌being tested â to treat sickle-cell â disease, an inherited blood disorder that can trigger pain, anemia and organ damage and ​reduce life expectancy.
Indian stock markets are cautious. The Nifty is losing support levels, indicating a bearish trend. Midcap and smallcap stocks are also seeing profit booking. IT and metals sectors show relative strength. Analysts suggest selective long opportunities in IT, like LTIMindtree, and shorting PSU banks such as Bank of India.
Indian equity markets face near-term pressure from the West Asia conflict. Corporate earnings remain resilient, though FY27 estimates may see modest downgrades. The June quarter is expected to be challenging. Financials are an attractive sector with accelerating credit growth. Long-term opportunities lie in capital goods, renewable energy, and energy transition themes.
Infosys shares have rallied sharply, rising nearly 10% in three days as investors reassess valuations following a steep AI-driven correction in IT stocks. Analysts see improving technical indicators and recovering sentiment, though they caution that a sustained uptrend will depend on stronger AI-led revenue growth, deal wins and broader sector demand recovery.
Berkshire Hathaway has agreed to invest $10 billion in Alphabet through a private placement as part of the Google parent’s $80 billion fundraising plan focused on AI expansion. The move deepens Berkshire’s exposure to artificial intelligence and signals confidence in Alphabet’s long-term growth despite ongoing debates over AI valuations.
The Nikkei touched a record peak of 67,231.28 on Monday and posted a record closing high of 66,934.33, ​roughly 7% above the 25-day moving average, a â sign of ‌an overheated market.
Realty firm IndiQube Spaces Ltd has secured a significant deal. The company has leased over 700 desks for five years to a leading consulting and management services firm. This workspace deal in Yelahanka, North Bengaluru, is valued at Rs 52 crore. IndiQube operates across 17 cities, managing over 9.66 million sq ft.
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