IT stocks surged following positive comments from Donald Trump regarding US-India trade negotiations, easing concerns about potential tariffs. Optimism surrounding a possible US Federal Reserve rate cut and Infosys’ share buyback further fueled the rally. Investors are anticipating more buybacks from other IT companies, contributing to the sector’s positive momentum.Read More
Asian equities displayed mixed performance following Wall Street’s rally, fueled by hopes of Federal Reserve rate cuts after a drop in producer prices. US futures saw slight gains as the S&P 500 reached a new record.Read More
Sumitomo Mitsui Banking Corporation divested its 1.65% stake in Kotak Mahindra Bank for Rs 6,256 crore through block deals, with shares sold at Rs 1,940.8 apiece to various domestic and foreign investors. Kotak Mahindra Bank’s shares closed higher, despite trading below key moving averages.Read More
The Swedish buy-now-pay-later company Klarna made its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year.Read More
Oracle shares soared 41% on Nasdaq after unveiling an AI Center of Excellence for healthcare. The rally pushed year-to-date gains above 100% and lifted co-founder Larry Ellison past Elon Musk as the world’s richest man.Read More
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