White House report flags India in China-linked transshipment network

The Sensex gained 130 points on Wednesday, while five BSE 200 stocks—Paytm, Divi’s Laboratories, Torrent Pharmaceuticals, Sun Pharmaceutical Industries and Apollo Hospitals—hit fresh 52-week highs, reflecting strong buying interest, improving sentiment and sustained bullish momentum.

Citigroup has downgraded South Korea to neutral after a year-long overweight stance, citing heightened volatility in AI-linked chip stocks and stretched valuations. While remaining positive on the long-term AI theme, the brokerage retained an overweight rating on Taiwan and upgraded China, signalling a shift in emerging market positioning.

SBI Funds Management is set to debut on the stock market on Tuesday, with an estimated 18% listing gain based on the current grey market premium. While its blockbuster subscription has raised expectations, history shows billion-dollar IPOs have delivered mixed outcomes. Winners like Eternal and ICICI Prudential AMC contrast with weak debuts by LIC, Paytm…