India Daily Briefing

Coforge's June-quarter earnings more than doubled expectations, powered by the Encora acquisition and AI-led services demand surging globally, as Economic Times Markets reported. For SIP investors in mid-cap IT funds, this is the kind of earnings quality that sustains mid-cap premium valuations relative to large-caps. Watch whether management raises FY27 guidance — the Encora synergy ramp typically takes two quarters, meaning Q2 could be even stronger for Coforge's earnings trajectory.

10-year G-Secs ended unchanged on Tuesday as a fresh tranche of supply hit the market while the RBI waits on the Fed's signal before committing to its own rate trajectory, Economic Times Markets reported. For debt fund investors, the flat close signals caution — duration bets look risky ahead of a potentially divisive FOMC. Short-duration and floating-rate funds remain the defensive play until Wednesday's Fed decision resolves the rate uncertainty and gives the RBI a clearer policy read.

Corning's 20% crash after guiding for lower fiber-optics sales is the clearest signal yet that AI hardware supply chains are being repriced, Economic Times Markets reported. For Indian investors holding global tech thematic funds, this is a direct warning: AI-adjacent suppliers without software-tier margins face brutal de-ratings when earnings disappoint. The Nasdaq 100 hitting correction territory in just 38 trading days confirms the de-rating theme is broader than one stock.