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Equity benchmarks reached all-time highs on Wednesday, driven by foreign investment and a rally in developed markets. Stocks such as Titagarh Wagon, Titan, and Quess Corp gained on Wednesday, prompting recommendations from Riches Vanara, Technical And Derivatives Analyst at stoxbox. While Titagarh Wagon shows constructive base formation, caution is advised due to overheated price momentum. Titan, on the other hand, shows positive price action and bullish momentum, making it a buy with strong support levels. Quess Corp has broken resistance and consolidation zones, indicating a buy opportunity with supportive volume.

But clearly, 20-30% growth rates that some of the growth rates that you can pick up in obviously some of the more core focused AI plays, you do not get that out of Indian IT companies anymore.

I think lot of flows will come into unlisted segment but technology and telecom, this will be one sector where there could be huge opportunity for foreign capital to come in. Clearly on product side, Indian technology companies are lacking.

Promoter company Housing Development Finance Corp (HDFC) has further bought 0.77% stake in its subsidiary HDFC Life through bulk deals on Wednesday.

The tieup of HDFC Bank Ltd. and Housing Development Finance Corp. creates a lender that ranks fourth in equity market capitalization, behind JPMorgan Chase & Co., Industrial and Commercial Bank of China Ltd. and Bank of America Corp., according to data compiled by Bloomberg. It’s valued at about $172 billion.

Gold prices struggled for momentum in early Asian trading as traders awaited key U.S. inflation numbers. Strong data prints and hawkish comments from Federal Reserve officials have raised expectations of more rate hikes. Spot gold remained flat at $1,908.33 per ounce, while U.S. gold futures fell slightly to $1,916.40. The dollar index stayed near a two-week high, making gold relatively expensive for holders of other currencies. Investors are now predicting an 89% chance of a 25-basis point rate hike in July, which could discourage investment in non-yielding gold.

The yen weakened to its lowest level in over seven months, reaching 145 per dollar, raising speculation of possible intervention from Japanese authorities. The faltering economic recovery in China also put pressure on the yuan, which fell to its lowest point since November. Data showed a rise of core consumer prices in Tokyo and a contraction in Chinese manufacturing activity. The US dollar, on the other hand, gained strength in the second quarter, supported by expectations of further interest rate hikes by the US Federal Reserve. The euro and sterling also showed gains for the month.

An inflation print higher than the mandated band of 2-6% puts household debt portfolio of many retail borrowers at risk, the central bank said.

Fintech companies say that such an extension will allow more skin in the game and give banks the confidence to enter into more such tie ups.

Lenders could recover more than ₹10,000 crore, or about 40% of verified claims, under the proposal from IndusInd International Holdings Ltd (IIHL). As much as 99.6% of the lenders favoured the plan as the voting ended Thursday, they said.