Global rates tailwind: RBI’s 25 bps repo cut to 5.25% and the Fed’s third straight 25 bps cut to 3.5-3.75% supported risk appetite.

Flows and rupee: Foreign investors have pulled over 1.5 billion dollars from equities this month, even as domestic flows stay strong and the rupee hovers near record lows.

Sector rotation: Metals, autos, and financials led today’s rebound, while select FMCG names lagged; mid and small caps saw selective buying after recent volatility.

TCS - Coastal Cloud buy: TCS is buying US-based Salesforce partner, Coastal Cloud, for about 700 million dollars to deepen its cloud and customer experience play.

Adani Enterprises rights issue: Adani Enterprises’ 25,000 crore rupee rights issue was fully subscribed, shoring up growth capital and easing balance sheet concerns.

Cipla Yurpeak launch: Cipla launched Yurpeak, India’s second tirzepatide brand, stepping firmly into the obesity and diabetes GLP-1 opportunity.

LIC GST demand: LIC received a 2,370 crore rupee GST demand over input tax credit claims and plans to challenge the order while assuring no operational hit.

Petronet LNG project funding: Petronet LNG tied up a 12,000 crore rupee loan to back its Dahej petrochemical expansion, nudging the business further into value-added products.

Financials: TCS will acquire Coastal Cloud in an all-cash deal of about 700 million dollars, adding a fast-growing Salesforce consulting franchise.

Strategy: The deal deepens TCS’s US cloud and CRM footprint and strengthens its positioning in AI-led customer experience and data-driven transformations.

Market reaction: TCS shares were broadly flat, with investors seeing the deal as strategically sound but modest relative to its existing global scale.

$TCS.NSE ( ▲ 0.82% )

Financials: The 25,000 crore rupee rights issue closed about 108 percent subscribed overall, though the retail tranche saw more muted take-up.

Strategy: Proceeds are earmarked for capex, green energy, and debt reduction, helping normalize leverage after the post-Hindenburg rebuild.

Market reaction: Adani Enterprises finished roughly 2.5–3 percent higher and was among Nifty’s top gainers as completion risk around the fundraise eased.

$ADANIENT.NSE ( ▲ 0.61% )

Financials: Cipla launched Yurpeak, India’s second brand of tirzepatide for obesity and type 2 diabetes, after a recent launch by Mankind.

Strategy: With Yurpeak, Cipla enters the high-growth GLP-1 and GIP-based weight management space, targeting specialists in metros and large urban centres first.

Market reaction: Cipla shares ended about 1.5 percent higher as investors priced in a gradual but meaningful incremental growth driver.

$CIPLA.NSE ( ▲ 0.27% )

Financials: LIC received a 2,370 crore rupee GST demand (tax, interest, and penalty) from Maharashtra authorities over alleged excess input tax credits for FY22–FY24.

Strategy: The insurer plans to appeal and has said the order will not materially affect operations, though it adds to ongoing compliance and litigation overheads.

Market reaction: LIC’s stock hovered near 858 rupees, broadly flat, suggesting investors see limited near-term earnings impact but will watch for final liability.

$LICI.NSE ( ▲ 1.04% )

Financials: Petronet signed a 12,000 crore rupee term loan with SBI and Bank of Baroda to fund a PDH and polypropylene project at Dahej.

Strategy: The project moves Petronet further downstream into petrochemicals, diversifying away from pure LNG regasification and adding margin optionality.

Market reaction: The stock closed around 271 rupees, up about 0.4 percent, with the Street broadly positive but awaiting clarity on project returns and timelines.

$PETRONET.NSE ( ▼ 0.76% )