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The Indian rupee closed marginally ​stronger on Thursday, comforted ​by strength in regional currencies while elevated demand to ​buy dollars at the daily reference rate kept gains in check.
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An early agenda item for Tata Sons Pvt.’s six board directors when they convened at 11:30 a.m. on Tuesday at Bombay House the group’s storied headquarters was expected to be straightforward: approving a third term for Natarajan Chandrasekaran as chairman.
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Chinese stocks declined on Thursday, ending a post-Lunar New Year rally as investors awaited policy signals from the upcoming National People’s Congress. Property stocks led the losses, while the AI and tech sectors saw gains driven by Nvidia’s earnings and domestic AI developments.
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After a month of indecision, derivative signals and FII positioning suggest a Nifty breakout is imminent, according to Vinay Rajani of HDFC Securities. He believes dips should be bought, with 25,200 as a key stop-loss. Rajani highlights Fortis Healthcare and TVS Motor as top stock picks, citing their independent strength and technical momentum.
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European shares were muted on Thursday as investors assessed a slate of mixed corporate earnings from the ‌likes of ⁠Schneider ⁠and Syensqo, while mulling the outlook for artificial intelligence post ​U.S. chip-leader Nvidia’s strong forecasts.
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