Welcome to Markets Desk, your midday briefing on the stories moving markets right now.
Indian equities are trading modestly higher this Friday, with information technology stocks leading the charge. The outperformance is notable because it comes as a rotation play — disappointing tech earnings in global markets are pushing investors away from the artificial intelligence trade, and Indian IT names are catching that redirected capital.
Shifting to corporate earnings, Rimini Street posted third quarter two thousand twenty six revenue of one hundred twelve point one million dollars, an increase of eight point three percent over the one hundred three point four million it reported in the same period a year prior. That kind of steady top-line growth in an enterprise software support business signals resilient client retention even as larger platform vendors compete aggressively for the same customers.
And in travel, WestJet has cancelled all flights to a major American city, citing persistently low demand from Canadian travelers. The numbers from the Canadian government tell the story plainly — cross-border trips to the United States remain at historic lows following the diplomatic friction that began when President Trump returned to office, and carriers are now adjusting their networks accordingly to reflect that new commercial reality.
That's the tape. Markets Desk, signing off the floor.
