Stock Index

Major global banks including Goldman Sachs, Jefferies and BNP Paribas say foreign investors have been net buyers of Indian equities for four straight weeks, with buying concentrated in large caps such as banks. The Nifty 50 is down about 7% this year, while large caps trade at a 25% discount to small caps versus a five-year average of 6%. The firms argue large caps look more attractively valued, offer better earnings visibility and could be the first beneficiaries as overseas money returns.

Several Thai brokerages have raised their targets for the Stock Exchange of Thailand (SET) index, with the most bullish calling for 1,730 points, citing improving corporate earnings and stronger economic momentum. They also point to renewed foreign buying, with 28 billion baht in month-to-date net inflows, and a Constitutional Court ruling that the government’s 400 billion baht emergency loan decree was lawful. The SET trades at about 17 times projected 2026 earnings, or 13.1 times excluding Delta Electronics (Thailand), and offers an estimated 2026 dividend yield of 3.6%, above the MSCI ACWI average.

KOSPI Index fell exactly 8.95% to 6806.93 KRW on July 13, 2026 as heavyweight chip shares plunged, post-ADR profit-taking hit SK Hynix, and renewed U.S.-Iran tensions triggered a marketwide risk-off selloff.

From after the close on July 17 through July 18, companies representing roughly 35% of the Nifty 50 index weight are set to report results for the June 2024 quarter, including Reliance Industries (9%), HDFC Bank (11.39%), ICICI Bank (9.05%), Axis Bank (3.43%), Kotak Mahindra Bank (~2%) and Yes Bank. With the exception of ICICI Bank, the banks have issued positive business updates for the quarter, though Kotak Mahindra Bank’s provisional numbers prompted a decline in its shares. Investors are focused on asset quality, net interest margins and the use of the FCNR(B) window, making the reporting cluster a near-term price driver for both the Nifty 50 and Nifty Bank indices.

Indian equities rebounded sharply on Friday, with the Sensex rising 827.57 points (1.08%) to 77,569.39 and the Nifty up 244.10 points (1.02%) to 24,206.90. IT stocks led after TCS reported a 4.61% year-on-year rise in Q1FY27 net profit and offered a constructive demand outlook. Brent crude fell 0.3% to USD 76.07 a barrel, easing inflation worries and supporting bank, realty and metal shares. Foreign investors posted a net sale of Rs 532.86 crore for the day.

Indian equities surged, with the Sensex up nearly 800 points and the Nifty 50 gaining more than 230 points, extending gains for a second straight session. The rally was led by IT stocks after Tata Consultancy Services reported Q1 FY27 results showing revenue up around 14% year on year and consolidated net profit up 5%. Global markets also advanced, while Brent and WTI edged up to around $76 per barrel and near $72 per barrel, respectively. Geopolitical tensions did not rattle risk sentiment, with India VIX falling to 12.71.

South Korea’s Kospi surged nearly 5% on Friday to 7,643 points, taking its two-day gain to about 5.5% and lifting the index out of a technical bear market after a drop of more than 20% from its June 22 high of 9,114.55. Samsung Electronics rose more than 5% and SK Hynix gained 2%, while heavyweights such as Hyundai Motor and LG Energy Solution also advanced. Foreign investors were net sellers of South Korean equities worth 529.1 billion won ($350 million), even as Kospi remains the world’s best-performing stock market of 2026 with a gain of around 76% so far this year.

Asian equities advanced, led by a 2.6% jump in South Korea’s Kospi as semiconductor shares rose on optimism about AI-driven demand. SK Hynix ADRs (SKHY) are set to begin trading on Nasdaq on Friday, after the company raised $26.5 billion in its American depositary share offering. Micron said it plans to increase spending on new plants in the US to $250 billion. Brent crude fell 0.3% to $76 a barrel, while Nasdaq 100 futures edged down 0.4%, pointing to a more cautious tone for tech shares.

U.S. stocks finished higher on Thursday, with the Nasdaq 100 up 1.62%, the S&P 500 rising 0.81% and the Dow adding 0.27%. Chipmakers led gains after SK Hynix’s U.S.-listed ADR issuance drew subscriptions of more than seven times and is expected to raise about $24.5 billion, according to Bloomberg calculations. WTI crude fell more than 1%, lifting airline and cruise shares. Weekly initial jobless claims dropped to a six-week low of 215,000, underscoring labor-market resilience.

Nigeria’s stock market rallied on Wednesday, pushing the All-Share Index to a record close of 242,459.98 points and lifting total market capitalisation to N155.59tn. The Central Bank of Nigeria’s decision to keep the Monetary Policy Rate unchanged at 26.50% supported investor sentiment and drove gains across banking, industrial and oil and gas stocks. FBN Holdings and Wema Bank were among 54 stocks that hit their daily upside limit, while NAHCO and Vitafoam were among a small group of decliners that fell to their daily downside limit.