Four commodity stocks SAIL, Sharda Cropchem, Jindal Steel and JSW Steel hit fresh 52-week highs, rallying up to 55% in just one month despite a weak broader market.Read More
Indian benchmark indices closed lower on Thursday, dragged by heavy selling in IT stocks. Nifty and Sensex fell amid AI disruption concerns and fading US rate-cut hopes. Coforge, TCS and Infosys led losses, while Lenskart and Hindustan Copper gained on strong triggers.Read More
Indian IT services firms face a growth slowdown due to Artificial Intelligence. AI tools reduce project effort, impacting billing. Large IT firms expect 5-6% revenue growth, while mid-cap firms anticipate 10-12%. Contract renewals may lead to pricing cuts. India’s position as the world’s software factory remains secure. Valuations may need adjustment in this new growth environment.Read More
The rupee appreciated 17 paise to settle for the day at 90.61 (provisional) against the US dollar on Thursday, as foreign fund investments lifted investor sentiments.Read More
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