Britain sold £4.25 billion of 30-year gilts at a record-high yield of 5.8168%, underscoring rising borrowing costs and fiscal pressures. Despite the elevated yield, demand remained strong, with orders exceeding £87 billion, as investors continued to favour UK government debt.
Emkay Global has initiated coverage on GMR Airports with a Buy rating and a Rs 120 target price, implying 25% upside from the current levels. The brokerage expects non-aeronautical and adjacent businesses such as duty-free, cargo and airport-linked developments to drive incremental profitability, while stronger earnings and cash flows support margin expansion and deleveraging through FY29.
Jefferies upgraded Welspun Living to Buy and more than doubled its target to Rs 260, while initiating coverage on Raymond Lifestyle with a Rs 900 target. The brokerage expects FTAs, China+1 sourcing and improving export competitiveness to drive multi-year growth.
ASM Technologies share price rallied sharply on Wednesday to hit a record high after the company approved a Rs 526-crore preferential issue involving entities linked to Radhakishan Damani and Mukul Agrawal. The engineering services firm will issue 10.78 lakh shares at Rs 4,875 apiece, while existing investors will gain fresh exposure.
Paytm shares surged on Wednesday, as investors welcomed the company’s push into enterprise AI, marking an expansion beyond its core payments business. The stock has gained over 20% in the past month, significantly outperforming the broader Nifty 500 and Nifty 50.
US 10-year Treasury yields are nearing the 5% mark, raising concerns over the impact of higher borrowing costs on stocks, corporate financing, dealmaking and the broader economy. While elevated yields can pressure valuations and debt servicing costs, they may also signal stronger economic growth and robust demand for capital.
The Indian rupee slid past ninety-five against the dollar on Wednesday, influenced by climbing oil prices that have offset recent interventions by the central bank. The situation is exacerbated by escalating tensions in the Middle East, which are pushing Brent crude prices toward one hundred dollars per barrel. As a major oil importer, India faces considerable challenges, and the rupee's downturn underscores its susceptibility to adverse global economic trends.
Sterlite Technologies shares hit a fresh 52-week high after rising 5% to the upper circuit, taking their 2026 gains to 745%. The rally follows the company’s growth plans, capacity expansion and strong Q1 performance, supported by robust demand for optical connectivity products.
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