
Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, recommends selling Bank of India at ₹134, GAIL at ₹167, Dabur at ₹374, and buying Dr Reddy's Laboratories at ₹1229. The strategy signals bearish momentum on the three banks and commodities while Dr Reddy's shows bullish technical cues with a target of ₹1280.

AirTrunk has postponed its planned $1.5 billion real estate investment trust listing in Singapore until next year as higher interest rates dampen investor appetite. The Blackstone-backed operator boosted its projected yield to 6% to attract buyers, but rates hikes and market caution have stalled the timeline.

HCLTech shares surged 5.74% to ₹1,290 after a Q4 earnings beat, while TCS climbed 5.07% to ₹2,234.80 on a 15% net profit rise. The rally lifted the BSE Focused IT index by 3.04% to 35,366.87, signaling renewed confidence in the sector.

Polycab India shares close at ₹8,405 after SEBI mandates exclusion from the F&O segment starting December 30 due to an IBC stay. The stock remains up 10% year-to-date, but derivatives traders must square off positions before the final contract expiry.

Gold loans surged to 25% of India’s retail securitisation market in H1 FY27, up from 11% a year earlier, as total volumes hit a record ₹1.46 lakh crore. Banks continue to dominate investment flows, accounting for nearly 90% of purchases, while foreign bank participation rose to 20%.

Broadcom CEO Hock Tan’s remarks on AI spending sent the KOSPI down more than 6% and the Nikkei 225 nearly 3% in a sharp sell‑off across chip stocks. Nasdaq futures slipped 0.3%, as investors weigh AI cost overruns and competition from Chinese chipmaker CXMT.

COMEX gold futures slid 0.40% to $4,173.70 per ounce, silver fell 1.15% to $59.82 per ounce amid an 18‑month high dollar. The dip comes as traders await US CPI data for clues on Fed policy.

Zoho reported a 4‑fold jump in server costs, prompting founder Sridhar Vembu to halt annual pay hikes. Shares remained flat as investors weigh cost pressures; Vembu said the company will control AI‑related expenses and avoid layoffs.

SK Hynix shares slid 5% on Tuesday, 13 Oct, as AI‑related selling rattled Asian markets. The drop followed a 0.9% slide in MSCI Asia Pacific and a 5.24% fall in Kospi, while investors brace for US earnings and policy cues.

Bank of America has upgraded Salesforce shares from Underperform to Buy, citing a strategic shift toward artificial intelligence integration. The move signals institutional confidence in the platform's ability to capture AI-driven enterprise spend.

Goldman Sachs has upgraded its equity stance to overweight for the next three months, while also raising its bond rating to overweight for a 12‑month horizon. The bank’s bullish outlook follows strong earnings growth and low recession risk, and it expects favorable conditions to persist through the year.