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Bill Ackman’s Pershing Square has taken a major new position in Meta, investing $2 billion on the confidence that AI adoption will unlock long-term value. The hedge fund exited Hilton, arguing Meta remains undervalued despite recent volatility, and sees AI boosting recommendations, advertising efficiency and future engagement across Meta’s platforms.Read More

Indian government bonds saw a slight dip early Thursday. This move followed a rise in U.S. Treasury yields. Investors are now keenly awaiting India’s inflation data later today. The 10-year bond yield is expected to hover around 6.75% levels. This comes after stronger than expected U.S. jobs numbers. India’s consumer inflation is projected to reach 2.4% in January.Read More

Market expert Neeraj Dewan remains constructive on PSU banks, citing strong earnings and reasonable valuations, suggesting SBI is a buy-on-dips opportunity. He is optimistic about the commercial vehicle sector due to improving capex trends. However, Dewan advises caution on the IT sector due to volatility and potential structural impacts from AI.Read More

Indian IT services stocks have seen a significant selloff driven by AI concerns. However, experts believe AI will enhance efficiency and boost profit margins, not harm the sector. Platform companies are highlighted as a decade-long opportunity. The jewellery sector shows strong consumer demand. Current IT valuations offer attractive entry points for investors.Read More

The rupee strengthened by 38 paise to 90.40 against the US dollar in early trade on Thursday, driven by foreign fund inflows and suspected RBI intervention. Abundant liquidity in the banking system, with surplus liquidity near Rs 3 trillion, also supported the currency. However, elevated crude oil prices and geopolitical tensions continue to weigh on the economy.Read More