Business
Small & midcaps rally! Coforge, Ola Electric, FirstCry & other stocks jump up to 7%
The Nifty Midcap 100 and Nifty Smallcap 100 indices gained over 1.4% each, while the largecap Nifty 50 index was up 0.5%, as seen at 11 am on Tuesday.
Top midcap gainers today
Coforge shares were the top gainers on the Nifty Midcap 100 index, jumping around 6% with IT peers Mphasis, OFSS and Persistent Systems following with a 5% rise in share price. The IT stocks are leading gains on Dalal Street as persistent rupee depreciation and cheaper valuations after the recent AI-led crash boosted investor sentiment.
“As per market consensus, Coforge is trading at a 1-year forward P/E of 23x (3-year average P/E of 34x), offering an attractive valuation. Coupled with a strong executable order book, diversified vertical growth, and enhanced AI-led capabilities, the company is well-positioned to deliver sustained double-digit growth and margin expansion in FY27,” said Geojit Investments while maintaining a ‘Buy’ call on the stock, with a target price of Rs 1,670 apiece.
Radico Khaitan, Policybazaar and Voltas shares followed, rising nearly 4% each. Vodafone Idea shares also gained around 4% to hit a fresh 52-week high, although several brokerages remain cautious after the 95% rally in one year.
KPIT Tech, Adani Total Gas, BSE, Patanjali Foods, Hindustan Petroleum Corporation (HPCL), Jubilant Foodworks and Prestige Estates, meanwhile, gained more than 3% each, buoyed by varied tailwinds.
Top smallcap gainers today
Ola Electric Mobility shares were the top gainers on the Nifty Smallcap 100 index, rallying nearly 7%. Shares of the EVscooter-maker have gained around 6% in one week, but declined over 9% in one month. The stock is down 29% over one year.
FirstCry-parent Brainbees Solutions, Angel One and Tata Tech jumped over 5%, while Gland Pharma, IDBI Bank and Firstsource Solutions gained nearly 5%. Deepak Fertilisers, Himadri Speciality Chemical (HSCL) and The Great Eastern Shipping Company also rose close to 4%.
What lies ahead?
Broadly, at the macro level, the concerns surrounding growth, inflation and currency depreciation persist, warned VK Vijayakumar, Chief Investment Strategist at Geojit Investments. “Therefore, investors should focus on sectors which will be least impacted by these potential headwinds. Pharmaceuticals, power-related stocks and defence stocks will be the least affected by a potential slowdown,” he said.
Also read: Why 10 stocks suffered massive Rs 17,000 crore mutual fund selloff in April
The analyst highlighted that the Q4 results have been more or less good and better than expected in some cases. “This is an indication that the economy had started to recover in response to the fiscal and monetary stimulus measures of last year, before being impacted by the energy crisis. Therefore, if there is a quick resolution of the Hormuz crisis, the economy may recover fast, and the slowdown expected this year will not be as severe as feared,” he further said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Kalshi to make some users reveal job details to tackle insider trading
After issues with insider trading, the prediction betting platform is adding new rules.
Business
How to enjoy the World Cup – and keep your boss on side
Football fans and bosses share their strategies to balance late night kick offs with work the next day.
Business
Beauty Pie LED mask ad banned over misleading anti-wrinkle claim
The mask is not “clinically proven to reduce wrinkles in four weeks”, the advertising watchdog finds.
Business
2026 ASEAN Future Forum Kicks Off in Hanoi
The ASEAN Future Forum 2026 opened in Hanoi on June 9, themed “Shaping Our Future Together.” Launched by Vietnam in 2023, the forum unites ASEAN leaders, businesses, and academics to address regional challenges including AI, energy security, and strategic autonomy, advancing ASEAN Community Vision 2045.
Key Points
• The ASEAN Future Forum (AFF) 2026 opened in Hanoi on June 9 under the theme “Shaping Our Future Together: Peace, Prosperity and People-Centered,” attended by Vietnam’s Prime Minister Le Minh Hung and leaders from Laos, Cambodia, Thailand, and Timor-Leste, along with the ASEAN Secretary-General.
• Launched by Vietnam at the 2023 ASEAN Summit, the AFF has grown into a key strategic dialogue platform, with ideas from previous editions reflected in official ASEAN Summit documents, reinforcing Vietnam’s proactive role in advancing regional cooperation.
• AFF 2026 features broader participation than previous editions, including political parties, local authorities, and business and academic communities, with discussions covering AI, energy security, conflict prevention, and implementation of the ASEAN Community Vision 2045.
The ASEAN Future Forum 2026: Launch and Leadership
The ASEAN Future Forum (AFF) 2026 officially opened in Hanoi on June 9, under the theme “Shaping Our Future Together: Peace, Prosperity and People-Centered.” The event was attended by senior regional leaders, including the Prime Ministers of Vietnam, Laos, Cambodia, Thailand, and Timor-Leste, alongside Vietnam’s Foreign Minister and the ASEAN Secretary-General. First introduced by Vietnam at the 43rd ASEAN Summit in 2023, the AFF was designed as a multi-stakeholder platform to complement existing ASEAN mechanisms and support long-term policy thinking for the ASEAN Community.
Vietnam’s Vision: Dialogue, Inclusion, and Regional Resilience
In his opening remarks, Foreign Minister Le Hoai Trung emphasized Vietnam’s commitment to creating an open, forward-looking space for dialogue among ASEAN members and international partners. The forum brings together policymakers, academics, businesses, and citizens to contribute ideas toward a stronger, more resilient ASEAN. Previous editions in 2024 and 2025 generated innovative yet practical proposals, many of which have been reflected in official ASEAN Summit documents. Vietnam hopes the forum will strengthen diplomacy and mutual understanding amid growing geopolitical tensions and strategic competition across the region.
AFF 2026: Expanding Scope and Shaping the Future Agenda
AFF 2026 features a broader and more inclusive format than previous editions, with discussions covering critical issues such as unity, strategic autonomy, conflict prevention, energy security, artificial intelligence, and financial technology. For the first time, the forum will host meetings involving political parties, local authorities, and business and academic representatives from across Southeast Asia. These expanded dialogues are expected to generate fresh perspectives and actionable solutions to support the ASEAN Community Vision 2045, helping the bloc adapt effectively to both emerging regional challenges and shifting global dynamics.
Source : ASEAN Future Forum 2026 opens in Hanoi
Other People are Reading
Business
Platner projected to win Maine Democratic nod in key US Senate race amid scrutiny of past

Platner projected to win Maine Democratic nod in key US Senate race amid scrutiny of past
Business
Regional retail companies chase IPO gold to fund dreams
Among these, Sathya Agencies, SS Retail, Marri Retail and RSB Retail have already filed their draft red herring prospectuses (DRHPs), while others like Ratnadeep Retail, More Retail (planning 2,000 crore IPO) , Chennai-based Poorvika Mobiles, Bangaluru-headquartered Sangeetha Gadgets, Pai International Electronics and Big C Mobiles are preparing to tap the primary market. These companies are planning an IPO of above 500 crore each.
Emails sent to these companies did not elicit any response.
At the heart of this momentum is a structural shift in consumption beyond metros. “Emerging Bharat is no longer a niche theme; it is becoming one of the most durable growth engines for Indian retail,” said Bhavesh Shah, head of investment banking at Equirus Capital.
Rising disposable incomes, formalisation of the economy, better digital connectivity, UPI-led payments adoption, aspirational spending shaped by social media, and improved access to branded products are all accelerating consumption in Tier II and Tier III cities.
Business
FPIs lap up bonds worth 10,000 cr in four sessions
This marks a significant reversal from the stance taken by foreign investors that had been pulling out from India’s debt and equity markets in the recent months. Since the start of the US-Israel war on Iran, FPIs have net sold over 10,119 crore of debt.
ET Bureau
Foreign investors have injected nearly ₹10,000 crore into Indian bonds in four sessions, reversing recent outflows. This surge follows tax exemptions on eligible debt gains and expanded investment options. Bond yields have subsequently declined, signaling a positive shift in investor sentiment towards India’s debt market.
On an average, the daily selling ranged around 1,000 crores, with only sporadic bouts of buying. Measures announced by the government and Reserve Bank of India (RBI) have helped reverse the sentiments encouraging foreign investors to bet on India’s debt market.
Business
Pinterest: Accelerating Monetization And Low EBITDA Multiples
Pinterest: Accelerating Monetization And Low EBITDA Multiples
Business
Asian stocks decline, oil prices gain as US hits Iran
The MSCI Asia Pacific Index fell 0.5% as selling in technology stocks resumed after a rebound on Tuesday. The Kospi Index in South Korea, a bellwether for artificial intelligence investments, dropped 1.7%. The Nikkei in Japan also declined.
Contracts for the S&P 500 and the Nasdaq 100 indexes were little changed after the Wall Street benchmarks had a volatile session on Tuesday, with chip stocks coming under pressure. The Nasdaq 100 fell 1.1% as investors continued rotating out of tech shares that have driven much of this year’s rally.
Weighing on the sentiment, Brent crude rose 0.8% to $92.15 a barrel after US forces hit Iran following the downing of an American helicopter. The dollar, the haven of choice since the Middle East conflict started, strengthened against all its Group-of-10 peers as the attacks threatened the fragile ceasefire as well as efforts to secure a deal to reopen the Strait of Hormuz.
Increasing volatility is testing a market that has surged to record highs on optimism about easing geopolitical tensions and the artificial intelligence buildout. With strong US jobs data damping expectations for Federal Reserve rate cuts, investors now face a key test on Wednesday with the release of US inflation data, which may offer fresh clues on whether policymakers will keep rates higher for longer.
“Exuberance has been building for months, pushing stocks to one record after the next,” said John Cunnison, chief investment officer at Baker Boyer Bank. “So anything perceived to be negative for equities — from higher inflation to even the potential for rate hikes — will knock the market off its footing after a historic run.”
The retreat in technology shares on Wall Street coincided with a broadening rally across the rest of the market, as nine of the S&P 500’s 11 sectors advanced Tuesday. Defensive corners led the gains, with real estate climbing 2.1%, health care rising 1.3% and utilities adding 1.1%. Tech and energy were the lone decliners.The rotation offered a contrast to a rally that has been increasingly concentrated in a handful of technology giants.
“As much as we love to see tech’s leadership, it would be constructive to see this rally broaden out to other sectors,” said Bret Kenwell at eToro. “When leadership is concentrated in one corner of tech, the market’s foundation gets a little wobblier.”
In other corners of the market, the yen hovered near its weakest level since April, keeping traders on alert for possible intervention by Japanese authorities to support the currency. Gold dropped 1% to about $4,220 an ounce.
Attention now turns to Wednesday’s US inflation report. While oil has retreated from multiyear highs reached in April, strong US jobs data last week has increased bets that the Fed will need to raise interest rates.
Economists surveyed by Bloomberg expect annual CPI inflation to accelerate to 4.2% in May from 3.8% a month earlier. Core inflation, which excludes food and energy, is projected to edge up to 2.9% from 2.8%.
“The combination of stronger payrolls and uncomfortably elevated inflation has left markets penciling in higher odds of the Fed having to tighten policy,” said Gennadiy Goldberg, head of US rates strategy at TD Securities. “This has continued to leave yields elevated, though risk-off moves in equities appear to be helping to backstop yields.”
Business
US Air Force confident in fix for Boeing KC-46 refueling tanker

US Air Force confident in fix for Boeing KC-46 refueling tanker
-
Fashion4 days agoWeekend Open Thread: Evereve – Corporette.com
-
Crypto World5 days ago
Jensen Huang Approves Samsung, SK Hynix, and Micron for NVIDIA (NVDA) HBM4 Memory Supply
-
Crypto World2 days agoAnatomy of the June crypto crash: Fed, Iran, Saylor
-
Business7 days agoTrump Taps Housing Chief Bill Pulte as Acting Intelligence Director After Gabbard Exit
-
Crypto World3 days agoSenator Cynthia Lummis Calls CLARITY Act the Most Consequential Financial Legislation of This Generation
-
NewsBeat2 days agoAlexander Zverev wins the French Open to finally earn a 1st Grand Slam title
-
Tech5 days agoMicrosoft launches MXC, an OS-level sandbox for AI agents, with OpenAI and Nvidia already on board
-
Entertainment3 days agoThe Best Mystery Series of All Time Is Surging on Streaming 30 Years After It Ended
-
Business3 days agoThe Pain Points Taking a Fragile Tech Rally Down a Notch
-
Tech3 days agoMicrosoft unveils seven homegrown AI models in new bid for ‘long term self-sufficiency’
-
Crypto World5 days ago
LBank Surpasses 25 Million Users Worldwide as AFA Partnership Continues to Drive Global Growth
-
Tech4 days agoSuspicious Polyfill login prompts pop up on Toshiba, Muji websites
-
Crypto World3 days agoTrump’s AI Ownership Plan Could Benefit Anthropic at OpenAI’s Expense
-
Sports10 hours agoBangladesh beat Australia after 20 years in ODIs, register only their second win over six-time world champions | Cricket News
-
Business5 days ago(VIDEO) Justin Bieber Delivers Surprise Happy Birthday Serenade to Diners at Los Angeles Mexican Restaurant
-
Tech5 days agoRCS Messages Between iPhone and Android Get End-to-End Encryption With iOS 26.5
-
Tech5 days agoMeta steals a tactic from Tesla and builds data centers in tents
-
Crypto World2 days ago
Eli Lilly (LLY) Stock Surges 4% Following Breakthrough Sleep Apnea Trial Results
-
Tech4 days agoHackers now exploit SolarWinds Serv-U flaw to crash servers
-
Business7 days ago
Asia stocks rise past US-Iran jitters; Nikkei hits record high on stimulus cheer

You must be logged in to post a comment Login