As much as Rs 5.7 lakh crore evaporated from the sector in just eight trading sessions and the Nifty IT index crashed 19% in the short span. The selloff wasn’t restricted to the two, IT bellwether plunged to its over 5-year low on Friday. Coforge, LTIMindtree, HCL Tech, and Mphasis also slipped up to 4%.Read More
Sir Martin Sorrell highlights that external threats, particularly from competitors and CFOs focused on efficiency, are driving rapid AI adoption in industries like autos and financial services. He advises young professionals to be adaptable, noting AI’s potential to automate skill acquisition, and positions India as a key growth hub amidst global fragmentation and short-term business...Read More
Markets anticipate a busy week. Walmart’s results will offer clues on consumer spending. European miners’ earnings will reflect commodity market volatility. Key economic indicators and UK data are due. Indonesia’s central bank faces a crucial decision. Investors will closely watch global business activity surveys for future trends. Labour market and inflation data from the UK...Read More
Bitcoin faces a critical juncture around the $60,000 mark. A break below this level could ignite significant market volatility. Options contracts and Bitcoin-backed loans are positioned to amplify downward pressure. Analysts warn of potential forced selling and cascading liquidations. This scenario could lead to a sharp price correction. Investors are closely watching this key price...Read More
The key mainboard issue to watch will be Gaudium IVF & Women Health, which will open for subscription on February 20 and close on February 24. The company is expected to list on BSE and NSE on February 27, with allotment likely to be finalised on February 25.Read More
The India-US trade deal has significantly improved India’s investment climate and export competitiveness, shifting the outlook for Indian equities to a decisive risk-on stance. With benchmark valuations below long-term averages, this reset creates headroom for multiple expansion alongside improving earnings visibility, particularly benefiting sectors like pharmaceuticals and gems.Read More
Alphabet’s recent $31.51 billion global bond sale highlights strong investor demand for AI hyperscalers, but raises concerns over a lack of investor protections. The “century” bond and similar offerings from tech giants like Oracle and Meta omit crucial covenants, potentially setting a precedent for future debt issuances.Read More
The S&P 500, the Nasdaq and the Dow all declined for the week with technology stocks on a roller-coaster ride due to uncertainty about the extent to which profits could be disrupted due to AI competition and the hefty spending needed to support the technology.Read More
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