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Brokerages Nomura and UBS assess the impact of AI on Indian IT stocks, with Nomura suggesting current sell-offs are front-loading pains and UBS highlighting the importance of adapting to AI. Both acknowledge transition challenges but see potential for stock floors due to cash flows and dividends. Adaptability to AI adoption and pricing model shifts will be crucial for future valuations.Read More

The Reserve Bank of India is proposing new rules for banks. These changes will allow banks to manage gold price risks in foreign markets. Authorized dealers can also conduct rupee-based derivative contracts with overseas entities. This aims to improve price discovery and give banks more operational freedom. The move is expected to deepen the market.Read More

Indian markets closed higher on expiry day, recovering from early weakness with selective buying. Maruti Suzuki unveiled its e VITARA electric SUV starting at Rs 10.99 lakh with a unique BaaS model. Dabur appointed Herjit S Bhalla to lead its India business, while GR Infraprojects secured a railway construction project worth Rs 668 crore.Read More

The Nifty saw a strong recovery on Tuesday, gaining almost 200 points from its low to close at 25,725. Analysts anticipate continued market strength with a positive outlook. India VIX fell, indicating reduced market fear. Foreign investors were net sellers, while domestic investors bought shares. The Rupee strengthened against the US dollar.Read More

Asian Paints stock dropped after a weak December quarter. Softening demand, extended monsoon, and competition impacted sentiment. The company expects market share gains in waterproofing and home decor. Despite slower decorative volume growth, margins expanded due to lower raw material costs. Brokerages have trimmed earnings estimates. Cost savings and new products will support profitability as demand recovery remains gradual.Read More