Latest Updates Around The World
Nifty’s decisive breach of the 200-day SMA at month-end has increased concerns around a possible retest of recent swing lows, indicating that the market’s medium-term support framework is under pressure, said Anand James, Chief Market Strategist at Geojit Investments.However, he notes that momentum oscillators have not yet confirmed a full collapse, indicating that an outright […]
Amid fears that artificial intelligence is just a bubble to be burst, billionaire investor Howard Marks said it is very real and can do a lot of work. However, he is still inconclusive on whether investing in AI will be profitable.“As we do not have full knowledge of the business potential of AI or its […]
The Indian rupee was little changed on Wednesday as generally softer dollar and greenback selling from foreign banks gave the currency some breathing space north of the psychologically important 91 per dollar mark. The rupee was at 90.92 per dollar at 10:30 am IST, slightly above Tuesday’s close of 90.95. A series of contract maturities […]
Foreign institutional investors (FIIs) are fleeing India’s tech sector at an alarming rate, unconvinced that software services giants can survive the AI disruption that threatens to erode their business models. FIIs withdrew Rs 10,956 crore from Indian IT stocks in the first two weeks of February after the launch of new models from Claude and […]
Domestic markets are likely to see a flat open on Wednesday amid mixed global cues. Gift Nifty at 25,755 indicates a marginal decline at opening. Hariprasad K, research analyst and founder of Livelong Wealth: After two modestly bullish sessions, the index could look to extend its near-term upside momentum, provided early gains continue. As the […]
Friday the 13th, a date steeped in superstition and caution, so much so that there is even talk of a tongue-twisting phobia, Paraskevidekatriaphobia, may send chills through popular Western culture, but seems to have little impact on Dalal Street, where the markets tend to move more on fundamentals than folklore.A closer look at the last […]
Mumbai: Indian software services shares suffered another selloff on Thursday, with the Nifty IT index falling more than 5% for the second time in less than 10 days, as unexpectedly strong US jobs data for January further fueled existing concerns about AI’s impact on the sector. The NSE’s IT benchmark fell 5.5% to close at […]
Indian benchmark indices closed higher on buying interest in consumer and private banking stocks, although gains were limited by selling pressure in auto, IT and pharmaceutical names. While Nifty ended at 25,693.70, up 50.90 points or 0.20%, the BSE Sensex advanced 266.47 points or 0.32% to 83,580.40.Meanwhile, the volatility gauge India VIX ended at 11.94, […]
If Nifty IT gives a breakdown below the 35,400 level, it could potentially create chaos in the sector, said Rupak De, Senior Technical Analyst at LKP Securities. “On the other hand, if the index remains above 35,400, we can expect a meaningful price recovery in the IT space.”Edited excerpts from a chat: FII shorts in […]
Indian stock benchmarks recovered from early losses to post gains late Friday as investors balanced optimism ahead of the release of the US-India trade deal against nervousness in the global technology basket. The NSE Nifty added 0.2% to end at 25,693.7, while the BSE Sensex rose 0.3% to 83,580.40. Both gauges ended the six-session trading […]
