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Wall Street’s ​main indexes ​were subdued on Tuesday ​as investors assessed Anthropic’s announcement of new AI tools, ‌including plug-ins ⁠that ⁠could help with investment ​banking tasks, private equity, engineering ​and design.
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Nifty 50 fell sharply below its 21EMA amid IT, auto and banking weakness, nearing 200DMA support. Rupak De sees consolidation within 25,300–25,750. Analysts recommend buying Punjab National Bank and selling Oracle Financial Services Software based on technical signals.
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Government will sell up to 4% stake in Indian Railway Finance Corporation (IRFC) via an offer for sale (OFS) which opens on Wednesday for non-retail investors while retail investors will be able to place bids on Thursday.
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The U.S. Federal Reserve could resume cutting interest ​rates if inflation starts to fall, but it would be risky to use expected productivity growth as a reason ​to loosen monetary policy now, Chicago Fed president Austan Goolsbee said as he waded into what is emerging as a core debate at the U.S. central bank.
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Promoter Vineet Sukumar invested Rs 200 crore to raise his stake to 11.5% in Vivriti Next. The move precedes an IPO before 2029, expanding products for mid-market clients, while private equity and global investors maintain majority stakes.
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