Indus Towers surges 65% after InvestingPro Fair Value call

DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid persistent inflation and geopolitical risks.

Investors in the Indian stock market are set to focus on companies like KSB and Punjab & Sind Bank on September 30 due to significant financing activities and project developments. Highlights include Tata Steel’s $2 billion infusion and Capital India Finance’s ₹100 crore fundraising.

India aims to boost its refining capacity to 6.2-6.4 million barrels per day. The current capacity stands at approximately 5.4 million barrels per day. According to Hardeep Singh Puri, the cost of building new refineries is significant. UAE and Saudi Arabia show keen interest in these investments. The investments are aimed at accessing India’s growing…