Elara Capital downgraded TCS to ‘accumulate’ from ‘buy’ and cut its target price, citing weak FY26 revenue outlook, subdued discretionary spending, and macro headwinds. Q1FY26 revenue and margins disappointed, while India business plunged sharply. Despite challenges, AI-led services showed traction, with 114,000+ employees trained in advanced AI skills.

The Shanti Gold IPO is priced in the range of Rs 189 to Rs 199 per share, with a minimum application size of 75 shares — translating to Rs 14,925 at the top end. Ahead of the issue opening, Shanti Gold International raised Rs 108 crore via anchor investors.

Aditya Infotech, known for CP Plus, is launching its IPO. The IPO is gaining traction in the grey market. Shares are trading at a premium. This suggests strong investor confidence. The IPO aims to raise Rs 1,300 crore. It includes a fresh issue and an offer for sale. The IPO opens on July 29, 2025.

TCS s decision to lay off 12,000 employees due to macro uncertainties and AI disruptions has triggered investor concerns, contrasting sharply with Meta s layoff experience. This move reflects a weak demand environment and potential execution risks for the IT sector. Analysts warn of margin pressures and rising attrition, signaling a structural shift in India s IT services industry.

Rajeev Agrawal of DoorDarshi India Fund expresses concern over the lack of progress in India-US trade negotiations, especially compared to deals with the EU and UK. He anticipates India might settle for a 15% tariff reduction, requiring top-level leadership engagement. Agrawal also notes struggles in the EV auto sector and expects market reactions to trade deal outcomes and earnings reports.

CarTrade Tech s shares surged, reaching a 52-week high, following a significant increase in quarterly profit and revenue. The company s strong performance was driven by growth across its Consumer, Remarketing, and Classifieds segments, along with higher other income. Technically, the stock exhibits a bullish trend, trading above key moving averages and showing positive momentum indicators.

Japan s Nikkei experienced a reversal, closing lower at 40,998.27 due to profit-taking after a recent surge and concerns about corporate earnings justifying current equity levels. Chip-related shares significantly declined, with Advantest and Screen Holdings leading the losses. Conversely, Fanuc stood out, gaining 5% following a nearly 30% jump in quarterly operating profit.

Cryptocurrency markets surged, with Bitcoin nearing $120,000 and Ethereum leading altcoin gains, fueled by substantial ETF inflows. Ethereum s impressive performance has sparked talks of an "Ethereum season," potentially triggering broader altcoin rallies. Bitcoin is consolidating below resistance, while analysts eye macroeconomic factors and technical patterns for further upward momentum.