Happiest Minds Technologies rose sharply on Wednesday, extending gains to over 35% in three days, driven by a sharp upgrade in its FY27 growth outlook to 12.5% and strong traction from its AI First strategy. Management cited broad-based demand, improved pipelines and accelerating AI-led adoption across sectors as key factors behind the stock’s sharp rally.Read More

Global oil markets are on edge as geopolitical tensions disrupt the vital Strait of Hormuz. Market strategist Ed Yardeni highlights uncertainty over the strait’s reopening as the primary driver of oil sentiment. He believes stability hinges on de-escalation and the diminishing threat to tanker traffic, with tangible normalcy only appearing when ships navigate safely.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

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...Read More

Nuvama says fears that Gen-AI will cripple India’s IT services model are overblown, invoking Mark Twain’s line that “reports of my death are greatly exaggerated.” After a sharp AI-driven selloff that pushed valuations to multi-year lows, the brokerage has upgraded all top 10 IT stocks to “BUY,” arguing the sector is poised for a comeback...Read More

Indian government bonds gained early ​on Wednesday after global ​oil prices eased from multi-year highs, while investors also ​awaited details of the central bank’s upcoming bond purchases on Friday.Read More

Rising fuel costs and renewed market volatility are raising concerns that the conflict involving the United States, Israel and Iran could strain U.S. consumer spending and spill over into global equities. Higher gasoline prices, softer stock markets and heightened geopolitical risks are threatening demand, inflation expectations and the broader global economic outlook.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

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

A surge in diesel prices is emerging as a new risk for the global economy as Middle East tensions threaten energy supply routes through the Strait of Hormuz. Tight supplies, shipping disruptions and strong demand have lifted refining margins and fuel costs, raising concerns about inflation, logistics expenses and slower economic growth.Read More