Cupid shares experienced a dip on Wednesday after a two-day rally that drove the stock 15% higher after the company’s 4:1 bonus issue. In January this year, Cupid announced its board of directors had approved the issue of bonus shares in the ratio of 4:1. The company had set March 9 as the record date to determine the eligibility of shareholders to receive the bonus...Read More
US corporate insiders significantly increased stock sales in February while limiting purchases, pushing the seller-to-buyer ratio to its highest level since July 2024. Data from The Washington Service showed rising executive caution amid market volatility, technological disruption concerns and geopolitical risks, signalling a more guarded sentiment across US equity markets.Read More
Indian IT stocks may remain in focus after Oracle reported stronger than expected quarterly results and raised its revenue outlook. Nuvama said the recent 20% correction in Indian IT stocks amid concerns over AI disruption has made valuations attractive, though near term volatility may continue as the industry adapts to Gen AI.Read More
Gold and silver prices saw a slight dip on MCX as traders anticipate key U.S. inflation data. International gold prices edged up, while silver declined slightly amid easing inflation concerns following a drop in oil prices below $90 per barrel.Read More
India is cautiously reopening to Chinese foreign direct investment, particularly in electronic manufacturing services and renewable energy supply chains. Market expert Ajay Bagga emphasizes the necessity of this move for domestic component manufacturing but stresses non-negotiable guardrails, drawing lessons from China’s dominance in Africa and advocating for a Vietnam-style competitive equilibrium.Read More
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