IDBI Bank shares rally again as privatisation bid deadline hits; analyst flags ₹130 target

IDBI Bank shares rally again as privatisation bid deadline hits; analyst flags ₹130 target

IDBI Bank shares rose 2% to 111.57 rupees Thursday, outperforming a falling Nifty 50, as investors eyed the government's 60.7% stake sale. The deadline for financial bids is set for Feb. 5, with Fairfax, Emirates NBD, and Kotak Mahindra Bank cleared to bid. Trading volumes spiked Wednesday, with 41.5 million shares exchanged. Employee unions have urged the government to reconsider selling to private or foreign buyers.
5 February 2026
WiseTech Global share price slides again as AI jitters keep hammering ASX software stocks

WiseTech Global share price slides again as AI jitters keep hammering ASX software stocks

WiseTech Global shares fell 2.6% to A$49.92 Thursday, extending a two-day loss to 13% and hitting a 52-week low. Trading volume surged to 4.08 million shares. The S&P/ASX 200 Information Technology sector dropped 9.4% amid global concerns over AI’s impact on software firms. Investors await WiseTech’s interim results on Feb. 25 for further guidance.
Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin fell as much as 7.5% in 24 hours, dropping below $71,000 in Asian trading Thursday. The broader crypto market lost $467.6 billion in value since Jan. 29, CoinGecko said. Over $700 million in leveraged crypto bets were liquidated in the past day, according to CoinGlass. The declines followed a sharp selloff in global tech stocks.
Xero share price steadies after 16% rout as investors weigh AI pitch and Melio timeline

Xero share price steadies after 16% rout as investors weigh AI pitch and Melio timeline

Xero shares closed up 1.6% at A$82.09 Thursday, recovering some ground after a 15.9% plunge Wednesday. The rebound followed Xero’s announcement of its AI roadmap and U.S. payments push with Melio. Investors are watching if gains hold ahead of Xero’s May 14 earnings. Australia’s tech sector saw sharp declines this week amid concerns over AI’s impact on software firms.
5 February 2026
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Stock Market Today

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

7 February 2026
Google raised its 2026 capital expenditure forecast to $175 billion–$185 billion, with most spending expected on data-center chips. Broadcom shares rose about 2% after the announcement, while Nvidia and AMD slipped. Jefferies reiterated a buy rating on Broadcom, maintaining a $500 price target, implying a 62% upside from Wednesday’s close.
No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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