Japan’s Nikkei share average surpassed 60,000 for the first time, initially boosted by technology stocks amid improved risk sentiment following a U.S.-Iran ceasefire extension. Despite choppy trade and early losses, the index touched a record high, though gains were concentrated in AI-related stocks, outperforming the broader market.Read More
IBM’s first-quarter revenue growth slowed to 9%, raising concerns about AI’s impact on its software business, particularly after a rival tool showed promise in modernizing COBOL. Despite this, infrastructure segment growth remained robust. IBM’s CFO highlighted that generative AI is actually accelerating mainframe adoption, suggesting a positive outlook for the company’s core offerings.Read More
US stock futures fell as oil prices climbed due to Iran war worries. Asian shares saw mixed movements. US stocks had previously reached record highs. President Trump’s ceasefire extension eased tensions. However, stalled peace talks and Strait of Hormuz closures keep energy prices high. Strong corporate profits and AI demand are supporting the market.Read More
Markets experienced a corrective session, with Nifty expected to consolidate but maintain a positive bias. Key stocks like Infosys, Trent, and Jio Financial are in focus due to Q4 results and strategic partnerships. Hindustan Copper announced significant five-year expansion plans, while Alkem Labs anticipates a top management change.Read More
Indian markets closed lower on Wednesday, with the Nifty falling below 24,500 as a three-day winning streak ended. Analysts anticipate near-term consolidation as investors monitor the US-Iran conflict and the Strait of Hormuz blockade. The India VIX rose, indicating increased market fear.Read More
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