Wall Street closed lower on Thursday, impacted by declines in private equity firms and tech giants Nvidia and Apple. Concerns over AI’s disruption and high valuations weighed on tech stocks, while mixed earnings and economic data kept investors cautious about the Federal Reserve’s future rate decisions.Read More
Tensions between the US and Iran are driving oil prices higher, with Washington issuing a stern warning to Tehran over its nuclear program. Brent crude and WTI futures saw gains as concerns mount over potential conflict in the Strait of Hormuz, a critical global oil chokepoint.Read More
Manilam Industries India’s Rs 40 crore SME IPO opens for subscription on Friday. The issue closes on February 24. Listing is scheduled on the NSE SME platform on February 27. The company is engaged in manufacturing decorative laminates and trading plywood. Proceeds will fund capital expenditure, loan repayment, and working capital.Read More
Europe’s wealthiest investors are increasing their allocation to liquid alternative UCITS funds, seeking higher yields as interest rates fall. These retail-friendly products, mimicking hedge fund strategies, saw a 22% asset rise in 2025, reversing a previous decline. This trend highlights a shift away from fixed income towards strategies offering attractive returns and greater liquidity.Read More
Foreign investors poured significant funds into capital goods, financials, and oil & gas sectors in early February. This marked their highest fortnightly purchases since April 2025. Conversely, IT stocks saw substantial selling pressure. This shift reflects a move from services to real economy sectors. The IT sector has experienced a notable decline this year.Read More
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