The Indian rupee held steady near 90.92 against the dollar, supported by a weaker greenback and foreign bank sales. Local stocks, particularly IT shares, rebounded, contributing to modest dollar inflows. Global markets were buoyed by AI enthusiasm and anticipation surrounding U.S. President Trump’s address, though trade uncertainty persists.Read More

Gold reclaimed the Rs 1.6 lakh mark while silver surged Rs 7,200 on the MCX amid tariff uncertainty and geopolitical tensions. Experts expect continued volatility, with support from global cues and dollar movement, while advising cautious trading strategies as markets react to evolving macroeconomic and geopolitical developments.Read More

Fintech firm One MobiKwik Systems saw its stock surge on BSE’s approval for its subsidiary’s broking operations, though gains were mostly trimmed. The company, which offers digital wallets and payment services, has faced prolonged underperformance since its IPO. MobiKwik returned to profitability in the last quarter, reporting its highest revenue in six quarters.Read More

US consumer confidence unexpectedly rose in February, driven by younger demographics, yet concerns about job availability persist, reaching a five-year high. This mixed sentiment, influenced by policy uncertainty, presents a complex outlook for the Wall Street as investors weigh improved confidence against potential labor market softening.Read More

Indian stock markets opened higher on Wednesday. Tech stocks bounced back after yesterday’s sharp decline. Sensex and Nifty 50 saw gains. IT and Metal sectors led the recovery. Foreign investors were net sellers, while domestic investors bought equities. US markets also closed higher. Crude oil prices increased amid supply concerns.Read More

Prabhudas Lilladher has revealed its top stock picks. The brokerage highlights fourteen companies, including Adani Ports, HAL, and Titan. Analysts have set new price targets for these stocks. The firm remains optimistic about sectors like banking and capital goods. Investors can explore these recommendations for potential growth opportunities.Read More

IBM shares saw a sharp 13% drop as fears of AI disrupting legacy systems resurfaced, wiping out significant market value. While some see this as an overreaction, the market debates AI’s impact on IBM’s core businesses. Analysts suggest resilient profit pools and IBM’s AI integration strategy could offer a tactical entry point for investors.Read More

Bharti Airtel is entering lending with a new NBFC. This move is a modest allocation of its strong free cash flows. The company plans significant investments in data centres and home broadband. Investors are watching execution risks in this new venture. Airtel’s balance sheet is strengthening, allowing for growth and shareholder returns. Higher dividends are...Read More

Global markets are witnessing a significant rotation from mega-cap tech to real assets, cyclicals, and industrials. In India, IT faces AI disruption fears, while banking and defensive sectors gain traction. Opportunities are emerging in pharmaceuticals’ GLP-1 generics and attractive metals valuations.Read More

Afcons Infrastructure’s shares are under scrutiny following a contract termination notice from Société Autoroutière du Gabon. The €113.03 million project for National Road NR1 in Gabon is nearing completion. Afcons disputes the termination, asserting it is inconsistent with contract terms. The company is pursuing legal remedies.Read More