Raymond James upgraded an identity and access management stock to outperform from market perform, citing agentic AI adoption as the primary demand catalyst. The firm's thesis centers on the expectation that as AI agents proliferate across enterprise environments, the surface area for identity and access risk expands materially, driving demand for IAM solutions. Identity infrastructure sits at the intersection of AI deployment and security governance, making it a direct beneficiary when enterprises scale autonomous AI workflows. Analysts and investors tracking enterprise security spending should watch whether IAM vendors can convert this structural tailwind into durable revenue growth and margin expansion, particularly as agentic AI moves from pilot deployments to production at scale.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
