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Tencent ramps up share buybacks as its Hong Kong stock slumps, hit by AI monetisation worries and weak sentiment, with valuation at a record low and investors shifting to pure AI plays

South Korea’s Kospi index was down 1.6%, while Japan’s Nikkei index was trading flat.

Brent traded above $73 a barrel after rising 1.8% in the previous session. Meanwhile, West Texas Intermediate was near $70 a barrel.

The board cleared an enabling resolution to raise up to ₹7,500 crore through eligible equity securities and up to ₹8,500 crore through eligible debt securities in one or more tranches, subject to shareholder and regulatory approvals.

Morgan Stanley lowered its September quarter dated brent forecast by $15 to $74 a barrel. The prices are set to drop further by the September quarter next year to $70 a barrel.

The Nifty Bank index was an underperformer on Monday, declining over 400 points, and dragged the Nifty 50 index lower by 100 points as well. HDFC Bank, Axis Bank, Bandhan Bank and Yes Bank will keep the index in focus…

Despite being down 20% so far in 2026, shares of HDFC Bank are a “consensus buy” among all 47 analysts who have coverage on the stock. India’s largest private lender could react to two major news triggers on Tuesday.

The Dow Jones had another brush of big tech presence on Monday as Google-parent Alphabet Inc. made its debut on the 30-stock index, known for housing “old economy” stocks. Alphabet replaced Verizon in the index.

Shares of HDFC Bank Ltd ended at ₹799.00, up by ₹2.95, or 0.37%, on the BSE.

Shares of KEC International Ltd ended at ₹514.45, down by ₹13.60, or 2.58%, on the BSE.