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Goldman Sachs maintains a neutral stance on ITC, anticipating cigarette tax impacts. citigroup is bullish on LIC, citing strong operational performance and margin expansion. Jefferies raises its target for Nykaa, impressed by robust growth and improving margins. CLSA sees significant potential in Honasa, with strong revenue and margin growth. Morgan Stanley remains overweight on LG Electronics India, despite margin pressures.

HSBC CEO Georges Elhedery urged employees to embrace AI, acknowledging it will eliminate some roles while creating new ones. This comes as the bank reportedly explores a significant overhaul potentially impacting 20,000 jobs globally. HSBC is investing in AI tools and staff training to navigate this automation shift.

China's economic recovery is facing headwinds as factories slow and consumer spending falters, with April data revealing a significant slowdown. Weak domestic demand, coupled with a challenging global environment marked by geopolitical conflicts and rising energy costs, is squeezing growth. While exports remain strong, they are insufficient to offset internal weaknesses, prompting concerns about the need for further policy support.

Morgan Stanley maintained an equal-weight rating on Dr Reddy’s Labs, citing missed Q4FY26 estimates and a slight delay in Semaglutide ramp-up. Kotak Institutional Equities recommended buying Dixon Technologies, driven by strong consumer electronics performance. citigroup reiterated its buy on Max Financial, highlighting margin improvements and sustained growth. Macquarie rated Berger Paints underperform, despite a constructive outlook.

President Trump is leading a delegation of top American CEOs, including Elon Musk and Tim Cook, to Beijing for high-stakes trade talks. The visit aims to secure massive deals, with a potential blockbuster order for Boeing aircraft being a key focus. Notably absent is Nvidia CEO Jensen Huang, as the trip prioritizes agriculture and commercial aviation over high-end semiconductors.

Indian Hotels saw strong Q4FY26 results with revenue up 14% and profit by 15%, driven by robust hotel operations. UPL's Q4FY26 revenue grew 18%, but earnings were impacted by provisions. Oberoi Realty's Mumbai market shows promise, while PVR reported a 24% revenue jump. Nuvama's wealth and asset servicing segments are performing well.

Donald Trump has landed in Beijing with 17 American companies in tow, worth a combined $16.47 trillion—roughly 90% of China's entire 2025 GDP. Jensen Huang joined at the last minute, boarding Air Force One in Anchorage. Nvidia and Apple alone account for $9.7 trillion of that, while Meta sent its policy chief after Beijing blocked its $2 billion Manus deal.

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

Anthropic's powerful AI model, Claude Mythos, capable of finding software vulnerabilities, has prompted a global financial sector scramble. Banks, regulators, and central bankers are urgently assessing risks and accelerating cybersecurity investments. Project Glasswing offers controlled access for defensive security work, highlighting the evolving threat landscape.

Global condom giant Karex Bhd is hiking prices by up to 30% due to Iran war-induced supply chain disruptions and soaring raw material costs. Naphtha shortages are crippling production, leading to a worldwide shortage of essential goods, from condoms to plastic packaging, impacting public health initiatives, especially in developing nations.

Brokerages offer mixed views on Indian stocks. Motilal Oswal is bullish on Dixon Technologies, citing government approvals. Macquarie is cautious on United Spirits, noting growth lags. citigroup recommends HDFC Life despite Q4 challenges. Morgan Stanley maintains an overweight on HDFC AMC, expecting steady AUM growth. Nomura reiterates a buy on Wipro, highlighting deal wins and a significant buyback.

Analysts are bullish on Adani Enterprises, HAL, and Trent, citing growth drivers like new energy and engine co-production. Aurobindo Pharma's biologics expansion shows promise but financial gains are distant. Aditya Birla Capital's housing finance arm impresses with strong loan growth and improved asset quality, despite minor revenue misses.

US officials are now urging Wall Street banks to deploy Anthropic's powerful AI model, Mythos, internally to bolster cybersecurity defenses. This marks a shift from earlier concerns, with JPMorgan Chase already testing the system. The initiative, supported by Treasury Secretary Bessent and Fed Chair Powell, aims to build resilience against potential AI-driven cyber threats.

Canadian financial leaders and regulators convened to address cybersecurity risks posed by Anthropic's new AI model, Mythos. The dual-use technology, capable of both detecting and exploiting software vulnerabilities, has raised concerns about its potential weaponization by malicious actors. This follows a similar discussion among U.S. financial authorities.

US officials, including VP Vance and Treasury Secretary Bessent, held a private call with tech giants like Google, Microsoft, and OpenAI to discuss security concerns surrounding Anthropic's powerful new AI model, Mythos. The model's potential to expose cybersecurity vulnerabilities and shift the attack-defense balance prompted this urgent discussion, following a significant market sell-off attributed to AI's disruptive capabilities.

US Treasury Secretary and Federal Reserve Chair urgently met with top bank CEOs to discuss Anthropic's new AI model, Claude Mythos Preview. This powerful AI can find software vulnerabilities, raising cybersecurity concerns for the financial system. Anthropic launched Project Glasswing to proactively fix flaws before attackers exploit them.

SpaceX, the world's most valuable private company, has reportedly filed confidentially for an initial public offering. This move brings Elon Musk's rocket and AI firm closer to a potential listing. The company is expected to seek a valuation exceeding $1.75 trillion. This could be the largest IPO in history, with a June listing anticipated.

Wall Street advisors are reportedly being asked by Elon Musk to subscribe to his AI chatbot, Grok, for the privilege of working on the anticipated SpaceX IPO. This massive offering, potentially valued over $1 trillion, could see banks earn substantial fees. The move aims to boost Grok's enterprise revenue ahead of the historic SpaceX listing.

Foreign broking major Goldman Sachs has cut the Nifty target to 25,900 points from 29,300 points earlier while citigroup has revised down their target for the index to 27,000 points from 28,500 points earlier. On its part, HSBC said that historical trend shows that a 20% rise in oil price could drag down earnings of India Inc by 1.3 percentage points. Since the war started crude oil prices are up about 50-55%.

citigroup said it will lay off 100 staff in India as part of a global restructuring exercise.

citigroup announced a 30% reduction in IT contractors, aiming to cut their numbers from 50% to 20% of the IT workforce. This decision follows regulatory penalties and fraud incidents, prompting the bank to strengthen internal technology capabilities and ensure compliance with regulatory standards.