Eightco Holdings, the Wall Street penny stock, surged 3,000% in a single day after announcing a private placement linked to Worldcoin. However, shares gave up roughly two-thirds of those gains over the next three sessions, sliding from $45 to around $14 amid profit-taking.

Dev Accelerator s IPO witnessed strong retail investor interest, subscribing over 48 times on the second day, despite valuation concerns. SBI Securities estimates a high FY25 P/E multiple of 310.10, significantly above peers. While SBI Securities suggests caution, Anand Rathi recommends subscribing, citing the company s expanded services and long-term potential.

The Trump administration has sought emergency court approval to fire Fed Board member Lisa Cook ahead of next week’s rate-setting meeting, following a lower court block.

Waaree Energies shares experienced a slight dip on Friday after a significant three-day rally, yet remain up nearly 30% over the last three months. The renewable energy firm s market capitalization briefly exceeded ₹1 lakh crore, prompting profit-booking. This pullback follows strong Q1 FY26 results, with net profit jumping 89.1% to ₹745.20 crore, driven by growth across its solar business verticals.

Amid speculation over changes to index derivatives expiry cycles, Jefferies warns that BSE could face cuts of 20–50%, while Nuvama Wealth Management may see profits impacted. The brokerage modelled four scenarios, including fortnightly and monthly expiries. In a fortnightly expiry scenario with separate settlements, BSE’s options revenue could fall 38%, leading to a 22% drop in total revenue and a 21% profit hit by FY27.

Indian stock market shows resilience after positive signals between Narendra Modi and Donald Trump. Domestic investors provide support while foreign investors are cautious. Reserve Bank of India allows rupee to depreciate to boost exports. Experts believe corporate earnings may improve in coming quarters. Breakthrough in US tariff talks or government reforms could trigger foreign investment.

Anticipation of a Federal Reserve rate cut, potentially starting with 25 basis points in September, fuels market optimism despite inflation concerns. Economist Willem Buiter suggests further cuts are likely, prioritizing employment data. While a weaker dollar is expected, bullish sentiment towards US assets could counter this.

Jefferies has cut price targets for TCS, Infosys, Wipro, HCLTech, and Tech Mahindra amid AI-driven disruption and slow global tech spending. While preferring Coforge and HCLTech, the brokerage warns that large-cap IT valuations already reflect optimism, advising selective exposure amid near-term demand softness.

Infosys share buyback is viewed as a pragmatic move amidst global IT challenges, according to Trip Chowdhry, who anticipates similar actions from other Indian IT firms. While immediate stock jumps are unlikely, the buyback aims to boost EPS. Chowdhry also advises caution regarding AI pricing and visibility in the U.S. market, contrasting Indian firms approach with IBM s holistic AI strategy.

Binance Coin (BNB) hit a record $907 after Binance announced a partnership with Franklin Templeton to develop digital asset products. The collaboration aims to combine tokenisation expertise and global trading infrastructure, creating innovative, compliant solutions for investors while bridging traditional finance and crypto markets.