Nitin Raheja of Julius Baer believes the IT sector selloff is overdone, with AI disruption unfolding gradually. He sees strong cash flows enabling IT firms to invest in AI acquisitions and data centers. Raheja also highlights India’s low household equity allocation as a long-term growth driver for capital markets, favoring asset managers for now.Read More
Japanese government bond yields dropped significantly on Tuesday. Trading was light due to Lunar New Year holidays in several Asian markets. Super-long-dated bond yields saw sharp declines. A five-year bond auction had a weak outcome. The benchmark 10-year JGB yield also reached its lowest point since mid-January. The yen strengthened against the dollar.Read More
Indian government bonds remained largely flat as market participants awaited a significant debt supply from states. Despite a slight decline in the benchmark 2035 bond yield over the past week, sustained easing may require central bank or government intervention. Meanwhile, U.S. Treasury yields fell on slower retail inflation, boosting rate cut expectations.Read More
CleanMax Enviro Energy Solutions is set to launch its Rs 3,100 crore IPO. The subscription period will be from February 23 to February 25. The company plans to raise funds for growth and debt repayment. This move comes as India’s renewable energy sector gains momentum. CleanMax is a leading provider of renewable energy solutions for commercial and industrial clients.Read More
Shares of Ola Electric Mobility hit a fresh 52-week low after Citi downgraded the stock to Sell and cut its target price by 51%. As reported by ET Now, the brokerage flagged weak EV penetration, market-share losses and concerns over cash flows.Read More
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