Morning Snapshot
Market Pulse: Asian equities slipped as foreign outflows hit the highest level since 2019, driven by anxiety over stretched tech valuations. The selloff looks deliberate rather than panicked, with big names in headline indexes absorbing the pressure.
Key Movers: Workday gained attention after a research note upgraded it to a value designation, highlighting its robust earnings growth and cash flow. Meanwhile, Nephrocare’s IPO struggled on Day 2, subscribing only 0.27 times amid valuation concerns.
Macro & Politics: The Philippine central bank signaled a pause in its rate-cut cycle after five straight cuts, suggesting policymakers are wary of asset bubbles. Gelephu Mindfulness City in Bhutan is embracing gold tokenization, marrying blockchain with bullion in a boutique retreat setting.
What’s Next: Keep an eye on US equity openings for follow-through on earnings chatter versus valuation fatigue. Also watch any currency ripples triggered by Manila’s policy shift across Asian FX markets.
Market Commentary
Everyone’s ignoring that India’s large-cap index could still climb sharply by 2026 despite stretched multiples, as Emkay Global Sees Nifty at 29,000 by 2026 as elevated valuations persist (BusinessLine) points out. The assumption that thin margins from a GST overhaul will throttle discretionary spending misses the deeper boost from autos and durables tapping improved affordability. That’s a punch in the gut to consensus bearishness, yet you rarely hear it.
Pair Charles Hoskinson’s public anger over the NIGHT token collapse in Cardano Founder Reacts As NIGHT Token Crashes From $150 To $0.02 (Bitcoinist) with Bhutan’s Asia’s Newest Crypto Hub: Gelephu Mindfulness City (BusinessLine), and you get a perfect case study in crypto’s schizophrenic swings. Blockchain hype can vacillate between vaporware plunges and real-world asset digitization sprees in the blink of an eye, and most investors are unprepared for both extremes.
Stop chasing headline moonshots and consider infra plays that are ready to unleash once order books fill, as outlined in Infra theme poised for revival as order flows improve: Dharmesh Kant (The Times of India). When public sector banks and EMS normalize valuations, these assets can rally without the circus act of momentum stocks. If you’re disciplined, you’ll load up on balance-sheet strength ahead of the herd.
📈 Breaking Financial News
Infra theme poised for revival as order flows improve: Dharmesh Kant
Investor attention is returning to India's infrastructure sector as order flows increase. Analysts expect this trend to continue into next year. The EMS sector is experiencing a growth normalization, leading to valuation concerns. Public sector banks, however…
Emkay Global sees Nifty at 29,000 by 2026 as elevated valuations persist
Emkay noted that autos, durables and other discretionary categories stand to benefit meaningfully from improved affordability as the GST overhaul takes effect
Fed cuts bring clarity but AI disruption to reshape IT growth; valuations a challenge for FY26–27: Sandip Agarwal
Sowilo Investment Managers’ Sandip Agarwal says the Fed’s rate cut removes uncertainty for IT budgets, but AI-driven effort reductions will keep Indian IT growth muted for the next 12 months. He expects FY26 to remain soft, with FY27 improving if client budge…
Nephrocare IPO sees weak demand on Day 2, subscribed only 0.27 times
Nephrocare’s ₹871-crore IPO saw weak Day 2 demand with 0.27x subscription. Retail led bids, but NIIs stayed muted amid concerns over high valuation.
One specific coin aligns perfectly with Trump's regulatory reforms
Get the name of the ideal crypto for Trump's presidency for just $3 before his policies drive prices higher.
🔍 Market Analysis & Insights
Workday: Now A Value Stock Worth Owning (Upgrade)
Within just a few years, the cloud software stocks that drove the market rally during the pandemic era have made a sharp transition from overpriced momentum trades to unloved bargain-basement stocks. Workday (WDAY), the
Summary
– Workday is upgraded to a ‘Buy…
Cardano Founder Reacts As NIGHT Token Crashes From $150 To $0.02
Cardano founder Charles Hoskinson has hailed the launch of Midnight and its native token NIGHT as the strongest in the network’s history, arguing that it proves Cardano can now host and distribute multi-billion-dollar assets at scale. NIGHT Token Plunges Afte…
Kaynes Tech share selloff: Kotak vs JPMorgan, Morgan Stanley, Nomura. Here’s what brokerages are saying
Kaynes Technology’s steep decline has sparked intense scrutiny after accounting inconsistencies flagged by Kotak raised concerns over disclosures and smart-metre dependence. While this triggered the sell-off, most brokerages argue fundamentals remain intact, …
Asia’s Newest Crypto Hub: Gelephu Mindfulness City Partners with Matrixdock for Pioneering Gold Tokenization Initiative
Asia’s Newest Crypto Hub: Gelephu Mindfulness City Partners with Matrixdock for Pioneering Gold Tokenization Initiative
Okonjo-Iweala, Mo Abudu make Forbes’ world’s most powerful women 2025
Ngozi Okonjo-Iweala and Mo Abudu named on Forbes’ World’s Most Powerful Women 2025 list, recognized for their global influence in trade and media. Read More: https://punchng.com/okonjo-iweala-mo-abudu-make-forbes-worlds-most-powerful-women-2025/
1 Chart Reveals the Biggest ‘Tech Bubble' in History?
Thanks to a critical announcement on February 25th, we could soon witness a rapid collapse of all the biggest tech stocks in the world. Retirement accounts across the nation could get slashed by a factor of -20%, -40%, even -80%. And it all starts (and ends) with ONE single chart. The REAL cause of what is happening in our entire stock market…
💰 Investment Opportunities
Homebuyer sold redevelopment rights, got flats and Rs 1.6 crore, claimed Section 54 tax exemption, got notice from tax dept: He fights and wins case in ITAT Mumbai
The Income Tax Appellate Tribunal in Mumbai has made a noteworthy ruling regarding property redevelopment, stating that any extra space bought is eligible for long-term capital gains tax exemption. This is particularly significant for individuals who are aimi…
Twenty One Capital’s NYSE debut sees 20% fall – What scared investors?
CEO Jack Mallers has said that the company will build Bitcoin-based revenue services.
Facephi Ranks No. 1 in Biometric & Document Authentication Capabilities in the Identity Platform Category by The Prism Project
Facephi Ranks No. 1 in Biometric & Document Authentication Capabilities in the Identity Platform Category by The Prism Project #1 in Biometric &…
Philippine central bank cuts policy rate, signals easing cycle nearing an end
MANILA, Dec 11 : The Philippine central bank cut its benchmark policy rate for the fifth straight meeting on Thursday to bolster growth, signalling its easing cycle is nearing an end, with any further moves to be limited and dependent on data.The Bangko Sentr…
Citi India now ‘better off' after retail unit sale, pivot to focus on corporate banking: Balasubramanian
Citi India aims to grow by capitalizing on a booming IPO market and cross-border M&A opportunities. CEO K Balasubramanian notes the bank's revenue has increased significantly post-retail business sale, focusing on corporate clients amid India's economic e…
1 Chart Reveals the Biggest ‘Tech Bubble' in History?
Thanks to a critical announcement on February 25th, we could soon witness a rapid collapse of all the biggest tech stocks in the world. Retirement accounts across the nation could get slashed by a factor of -20%, -40%, even -80%. And it all starts (and ends) with ONE single chart. The REAL cause of what is happening in our entire stock market…
