Market Bizzz

Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US West Texas Intermediate crude stood at $84.64 a barrel, down $4.67, or 5.23%. The decline comes after crude prices surged 10% last week.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources

Nuvama has reiterated its ‘Buy’ rating on Dr Lal PathLabs and raised the target price to Rs 2,140 from Rs 1,900, implying a potential upside of 21% from the current market price of Rs 1,756.

Physical attacks targeting cryptocurrency holders surged 33% globally in the first half of 2026, with losses soaring to $124 million. France emerged as the epicentre as criminals increasingly combined cyber intelligence, social engineering and violence to steal digital assets.

IDFC First Bank Q1 Results: IDFC FIRST Bank on Saturday reported its highest-ever quarterly profit after tax (PAT) of Rs 1,075 crore for the quarter ended June 30, 2026, marking a 132.4% year-on-year increase from Rs 463 crore in the corresponding quarter last year.

The Government of Singapore’s Indian stock portfolio dropped 25% to Rs 1,51,353 crore in June 2026, holding 39 listed companies. While top gainer Aditya Infotech surged 137%, major laggards like HDFC Bank and Syngene International dragged overall portfolio performance.

U.S. markets closed mixed as the Nasdaq declined on chip stock weakness driven by concerns over heavy AI spending, while the Dow rose and the S&P 500 was nearly flat. Falling oil prices offered support, though geopolitical tensions and tariff developments kept investor sentiment cautious ahead of major tech earnings.

American Express has indicated an impressive eight percent growth in profit during the second quarter, largely driven by increased spending from card members and a decline in delinquency rates. The surge in sign-ups for the company’s premium offerings showcases their effective customer acquisition strategies. However, it’s worth noting that expenses saw a twelve percent rise due to marketing initiatives and product updates, marking a notable investment in future growth.

ACC Ltd, part of the Adani Group, reported a staggering 60.8% decline in net profit for the June quarter. This drop in profitability can be attributed to a decline in sales volume, resulting in a 7.75% decrease in revenue compared to the previous year. While higher costs impacted earnings, the company noted that premium products gained market share.

Japan’s Nikkei share average dropped more than two percent on Friday. This decline was spurred by concerns over heavy artificial intelligence spending. Google parent Alphabet’s shares sank significantly overnight, impacting global markets. Chip-related shares and technology investor SoftBank Group also experienced losses. However, shares supported by domestic demand and shippers saw some gains.