The Latest Breaking News from Exchanges

Nippon India Mutual Fund's Rupesh Patel remains constructive on midcaps despite concerns over valuations, citing resilient earnings growth and improved valuation comfort after a prolonged time correction. He favours financials, consumer discretionary and select industrials, while emphasising a bottom-up stock-picking approach to navigate geopolitical and macroeconomic uncertainties.

Despite Intercontinental Exchange’s underperformance relative to the broader market over the past year, Wall Street analysts maintain a bullish outlook about the stock’s prospects.