Asian markets opened lower mirroring losses in the US. Global investors adopted a risk-off approach. Technology stocks faced significant selling pressure. This sentiment impacted cryptocurrencies like Bitcoin. However, US futures showed a slight uptick. Concerns over AI company valuations and infrastructure spending are growing. This led to a rise in Treasury yields for longer maturities....Read More
The rupee snapped a five-day slide to post its strongest one-day gain in two months, rising 65 paise to 90.38 per dollar, amid suspected RBI intervention, heavy dollar selling by public banks, thin trading volumes and reassurance from strong forex reservesRead More
Goldman Sachs bought Akzo Nobel India shares worth Rs 106 crore via a bulk deal after promoter Imperial Chemical Industries sold a large stake, triggering a sharp stock fall despite strong quarterly profit growth and subdued operating performance indicatorsRead More
The government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer-for-sale following overwhelming response from investors on the first day of subscription.Read More
Wall Street indexes traded higher in volatile sessions as investors sought interest rate outlook clues. Oracle shares dipped amid funding concerns for its data center plans, impacting the tech sector’s AI ambitions. Energy stocks rebounded, while Netflix saw gains following reports of a potential OpenAI investment.Read More
Ola Electric founder Bhavish Aggarwal has sold shares worth Rs 142 crore. This follows a Rs 92 crore sale a day earlier. The transactions aim to repay a promoter loan. Despite assurances, the stock has hit fresh lows. Ola Electric faces slowing demand and financial losses. The company’s market share has also declined.Read More
Indian markets fell for a third straight session as mixed US data, Fed rate uncertainty and lack of progress on a US-India trade deal weighed on sentiment, keeping Nifty below key averages and reinforcing a short-term bearish bias despite selective sectoral supportRead More
Nifty extended losses for a third session, remaining below the 21 EMA with weak breadth and bearish momentum indicators. Analysts warn of further downside if support breaks, while recommending NALCO and Canara Bank as technically strong buy candidatesRead More
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