NSE derivatives turnover hits 18-month low as Dell triples in 2026 and Snowflake jumps 22% after earnings
The news flow is mixed but broadly risk-supportive: U.S. equities closed higher while Snowflake's results and raised guidance signal resilient enterprise software demand, reinforcing the AI capex narrative also cited for Dell. Counterweights include rising Treasury yields on inflation/debt concerns and PayPal's India layoffs, highlighting ongoing cost discipline. In India, NSE derivatives turnover hit an 18-month low after market-structure changes, suggesting reduced near-term trading activity.
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Derivatives turnover on India’s National Stock Exchange fell to an 18-month low, while economist Neelkanth Mishra said GDP data cannot be manipulated. Dell Technologies has more than tripled in 2026 on optimism over AI-infrastructure demand, and Snowflake surged 22% in after-hours trading after beating estimates and raising guidance. PayPal cut about 600 jobs in India as part of a global restructuring, and Jefferies initiated coverage of Welspun Corp with a target price implying about 29% upside.