Shares of four companies backed by ace investor Vijay Kedia tumbled up to 20% on Tuesday after investors reacted to AI startup Anthropic’s new security tool, Claude Code Security, which detects and fixes vulnerabilities in open-source software. TAC Infosec, where Kedia holds a 9.58% stake, hit a 20% lower circuit, while TechD Cybersecurity fell over 14%.
Cybersecurity stocks in India and the US fell sharply after Anthropic launched Claude Code Security, raising concerns about AI-driven disruption in legacy systems and vulnerability management. Indian counters dropped up to 20%, while global peers also declined, as analysts cautioned that the sell-off may be narrative-driven.
Bitcoin hovered around $63,000 as global risk aversion impacted crypto markets, with Bitcoin and Ethereum seeing declines. Major altcoins also slipped, contributing to a 2% drop in the global crypto market cap. Analysts suggest consolidation is underway, with institutional caution and liquidations in derivatives markets reflecting ongoing uncertainty.
Indian government bonds are trading in a narrow band. Investors are cautious due to significant state borrowing plans. Softer U.S. Treasury yields are providing some stability. The market awaits the outcome of state debt auctions. A large federal government bond sale is also scheduled. Global factors like U.S. yields and crude prices are being closely watched.
Investors are advised patience with Hindustan Aeronautics Limited (HAL) despite its strong order book, as recent sentiment shifts and current valuations warrant caution. In the IT sector, selective opportunities exist in midcap players like KPIT, Mphasis, and Datamatics, driven by AI adaptability. IDFC First Bank requires trust repair and regulatory clarity before fresh exposure.
Waaree Energies secured a 500 MW solar module supply order from a domestic IPP, keeping the stock in focus. The company is also exploring battery storage expansion with significant capex plans. Strong quarterly earnings and improving margins further support investor interest in the renewable energy major.
BPCL shares: The company received an excise duty demand of Rs 1,816.65 crore from the Commissioner of Central Tax and Central Excise, Kochi. The amount includes Rs 476.94 crore in duty, Rs 1,339.70 crore in interest, and a Rs 95,000 penalty. BPCL said it is reviewing the order and plans to appeal before CESTAT.
Gaudium IVF and Women Health IPO entered its final bidding day with a 6.33% grey market premium and three times overall subscription on Day 2. Strong retail and NII participation offset weak QIB demand. Brokerages have recommended subscribing, citing improving financials and growth prospects in India’s fertility services market.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
Gold prices dropped Tuesday after reaching a three-week peak. A stronger dollar pressured the precious metal. U.S. tariff uncertainty and Iran tensions provided some support. Silver, platinum, and palladium also saw declines. Investors are watching U.S. trade policy and geopolitical developments closely. Upcoming economic data from France and the U.S. will be key.
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