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Major cryptocurrencies, including Bitcoin and Ethereum, surged on Monday following robust U.S. labor market data, easing fears of a recession and reducing expectations for rate cuts. The global cryptocurrency market cap rose by 2.58%, reaching approximately $2.21 trillion over the last 24 hours.

Info Edge (India) shares fell 3.3% despite a 12% YoY billing increase to Rs 650.3 crore for Q2. The company reported strong profit growth amid significant share price gains.

The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 1002.7.

Investec maintains a hold rating on Titan with a target price of Rs 4,100, expecting strong revenue growth but muted PAT. The jewellery segment sees good growth, but a weak studded mix may dent margins. Watches and wearables grew 19% YoY, while eyewear lags behind. Emerging businesses posted double-digit growth, with fragrances up 19% and fashion accessories up 11%.

The Nifty IT index was trading 0.24 per cent up at 42013.8.

Many stocks have corrected 30-40%. So, all those things are quite possible. It is happening and I think that is good and healthy for the market from a long-term perspective.

As of 30-Jun-2024, promoters held 63.01 per cent stake in the company, while FIIs held 22.42 per cent and domestic institutional investors had 5.89 per cent.

Sandip Sabharwal predicts that established brands like Bajaj, TVS, and Hero will dominate the two-wheeler market within the next two to three years. He sees limited value in Ola Electric stocks as these legacy players gain market share. Investors might find more opportunities in large-cap stocks if global markets stabilize and FIIs reallocate funds.

With middle east tensions showing no signs of cooling off, investors, both local and global, appear to be concerned about the fallout of any escalation in the conflict, leading to a spike in crude oil prices and an 18% rise in the India VIX, also referred to as the Fear Index, WoW.