Power capex stocks such as GE Vernova T&D India, CG Power, Hitachi Energy and TD Power Systems fell up to 16% over two sessions amid growing caution around AI development. The stocks had rallied sharply in 2026 on expectations of rising power demand from India’s data centre boom, making them vulnerable to sentiment shifts.
Tata Group stocks tumbled on Wednesday as investors likely booked profits after the previous session’s sharp rally, which was driven by renewed expectations of a potential Tata Sons IPO.
Hong Kong has unveiled its first Five-Year Plan through 2030, targeting higher innovation spending and greater investment in AI, robotics, microelectronics and advanced manufacturing. The strategy also focuses on the Northern Metropolis and deeper technology and economic integration with mainland China.
Zerodha CEO Nithin Kamath said the new UPI MDR framework may not make economic sense for investing and broking, where customers can transfer funds without trading. He said brokers may struggle to absorb the costs indefinitely, particularly under quarterly settlement rules, and suggested a lower MDR with a transaction-level cap.
Chipotle shares fell nearly 6% on Tuesday, underperforming major restaurant peers. Broader market weakness, concerns over restaurant traffic, consumer spending and profit-taking weighed on investor sentiment.
Federal Reserve Chair Kevin Warsh is under pressure to balance persistent inflation with calls from President Donald Trump for lower or unchanged interest rates. Markets expect the Fed to raise rates at Wednesday’s meeting as inflation remains above its 2% target. The Fed’s preferred inflation gauge rose to 3.7% in July from 2.3% in April 2025, while core inflation increased to 3.3%, reinforcing concerns over continued price pressures.
Solar Industries’ Omnia acquisition could reduce the defence segment’s revenue contribution to 22-25% by FY30, Jefferies said, while agriculture and explosives gain a larger share. The brokerage expects near-term EPS dilution and higher leverage but retained its Buy rating, citing potential earnings growth of over 30% and ROE above 25%.
Japanese government bond yields extended their rise as higher oil prices and Middle East tensions fuelled inflation concerns. Longer-dated JGB yields also climbed, while investors awaited the US Federal Reserve’s interest-rate decision and assessed Japan’s fiscal policy outlook.
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