US Stocks: Hedge fund stock pickers are suffering from the sell-off in AI-related technology, Goldman says

Hedge fund stock pickers have had one of their worst three-week stretches since the first half of 2022, according to a Goldman Sachs client note seen by Reuters on Friday, as the sell-off in AI software-related technology continues this year.According to LSEG data, the S&P 500 software and services index is down nearly 18% so […]

Rupee trajectory and Rs 10,600-cr ICICI Pru AMC IPO among 7 key triggers for D-Street this week

The Indian benchmark index Nifty ended the week flat, although the bias remained slightly negative. When markets resume trading on Monday, a host of major domestic and global events coming up this week are likely to impact sentiment.On Friday, the Nifty closed 152.70 points, or 0.59%, higher at 26,186.45. Commenting on the trend, Ravi Singh, […]

FPIs are once again in favor of IPOs, pumping $1.3 billion into the primary market in November

ET Intelligence Group: Foreign portfolio investors (FPIs) continued to show greater interest in the domestic primary market compared to the secondary market for the fifth month in a row in November, amid a continued flurry of IPOs. They invested a net $1.3 billion (₹11,894.7 crore) in the primary market, their highest investment in four months. […]

Mcap of 7 of top 10 most valued companies rises by Rs 96,201 cr; Reliance, the biggest gainers from Bajaj Finance

The combined market valuation of seven of the top 10 most valued companies rose by Rs 96,200.95 crore last week, with Reliance Industries and Bajaj Finance stealing the show, coupled with a bullish trend in equities.Last week, the benchmark BSE rose 474.75 points or 0.55 percent. On Thursday, the Sensex hit an all-time high of […]

Dalal Street week ahead: Nifty scales record high, but limited market support signals caution around 26,300

Markets remained largely within range last week, but managed to end on a positive note. Nifty hovered within a narrow intraweek range of 467.50 points while moving between the 25,842.95 and 26,310.45 levels. Although the index recorded a new all-time high, the move was not supported by strong participation in broader markets. Meanwhile, India’s VIX […]

Infosys shares are in focus as record Rs 18,000 cr buyback date approaches. What should investors do?

Shares of IT giant Infosys are likely to remain in the spotlight today as the record date for the much-awaited Rs 18,000 crore share buyback falls tomorrow, November 14. Investor attention has surged following the announcement, with multiple brokerage firms and research heads offering strategic advice ahead of the deadline.The record date for a repurchase […]