NSE will remove Polycab India from the equity derivatives segment from December 30, 2026, with existing contracts available until expiry. Separately, NCLAT has stayed the NCLT order admitting insolvency proceedings against the company over an alleged Rs 2.79 crore operational debt, pending further orders.
The rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades. A special window for state-owned oil marketing companies eased spot-market pressure, though dollar buying by importers and corporates capped gains. Elevated crude prices and global uncertainties continue to weigh on the currency.
US stocks were mixed on Monday as technology shares came under pressure amid rising oil prices and ahead of major bank earnings and inflation data. The Dow rose 0.21%, while the S&P 500 gained 0.08% and the Nasdaq slipped 0.04%. Investors also assessed Fed rate expectations and corporate updates.
Goldman Sachs has upgraded its outlook on global equities from neutral to overweight as earnings growth remains strong. This change is attributed to more attractive valuations ahead of the forthcoming earnings season. The bank also expressed caution regarding potential risks from higher rates and energy prices impacting equity markets. Additionally, it remains bullish about the Asia and US markets while being underweight on Europe.
Indian government bonds experienced a significant decline due to central bank measures aimed at draining liquidity. The benchmark 10-year bond yield rose to its highest level in three years, signaling potential rate hikes. Consumer inflation increased to 5.54%, exceeding forecasts and raising concerns over future monetary policy. The Reserve Bank of India announced bond sales and changes to cash reserve ratio maintenance.
Four BSE 500 stocks, including PVR Inox, PTC Industries, Aditya Infotech and Laurus Labs, hit fresh 52-week highs despite a decline in benchmark Sensex, gaining up to 13% in a month.
Elara Securities has initiated coverage on Adani Power with an Accumulate rating and a target price of Rs 220, implying 17% upside. The brokerage expects capacity expansion from 18.3 GW to around 42 GW by FY32 to drive growth, while flagging execution risks, rising debt and limited valuation headroom.
Bitcoin traded near $83,000 on Monday as the cryptocurrency market attempted to stabilise following heavy US ETF outflows and macroeconomic pressure. While institutional sentiment remains cautious amid elevated oil prices and a strong US dollar, whale accumulation and strong corporate holdings provide underlying support for crypto assets.
Michael Burry warns that markets may be in denial over an AI bubble, while Ray Dalio sees signs of a classic bubble nearing a turning point. Peter Lynch’s investing philosophy offers a reminder to focus on businesses rather than market timing.
Ace investor Dolly Khanna trimmed her stake in Chennai Petroleum Corporation by around 3.85 lakh shares in Q2 FY27. The stock has delivered multibagger returns over three and five years, despite recent monthly weakness.
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