Wolfe Research raised its price target on ONEOK (OKE) by $1 while maintaining an Outperform rating on the midstream energy company. The adjustment signals continued analyst confidence in ONEOK's near-term earnings trajectory without a change in the underlying investment thesis. Price target revisions of this magnitude typically reflect modest upward revisions to forward estimates, cash flow assumptions, or peer-group valuation recalibration rather than a fundamental re-rating. ONEOK operates gathering, processing, and transportation infrastructure across key U.S. natural gas and NGL corridors, making it sensitive to volume throughput trends and commodity spread dynamics. Investors should watch for management commentary on pipeline utilization rates and any updated capital allocation guidance, as these are the primary levers that drive midstream valuation. The maintained Outperform rating suggests the analyst sees the current share price offering sufficient upside to the revised target.
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.
