Ashi Anand, Founder and CEO of IME Capital, provides an in-depth analysis of the Indian IT and auto sectors. Anand highlighted the persistent strength in deal wins across IT companies despite weaker-than-expected revenue growth, attributing this to reduced discretionary spending.
Sentiment is changing, FIIs could push market rally further, says Chandan Taparia of Motilal Oswal
FIIs covering short positions in the Indian market may drive a potential rally, supported by DIIs and SIP. Amidst profit booking in FMCG stocks, focusing on rural demand and monsoon impact could offer buying opportunities. Private banks and financial companies show promising trends, while Nifty Auto and telecom sectors present favorable trading prospects.
Nvidia sheds $200 billion in value after short run as top stock
Traders noted that there were no fundamental reasons for the two-day selloff. However, it highlights the rapid pace at which the stock had risen—nearly 200% in the past year—which now makes it susceptible to sudden declines like this one.
Olympus Capital Asia divests 9% stake in Aster DM Healthcare for Rs 1,530 crore
According to bulk deal data from BSE, Olympus Capital Asia Investments sold 4.50 crore shares, equivalent to a 9% stake in Aster DM Healthcare, in two tranches. The shares were sold within the price range of Rs 340 to Rs 340.13 each, totalling Rs 1,530.08 crore.
Sebi disposes of proceedings against former Unitech promoters
The market regulator conducted a suo-moto investigation to determine if the Chandra brothers routed funds to the Indian securities market through their UBS AG bank accounts, potentially violating the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations.
Nvidia loses top spot to Microsoft after 3% drop
Nvidia’s shares declined, losing its title as the world’s most valuable company to Microsoft. Nvidia’s market capitalization dropped by $91 billion to $3.34 trillion, while Microsoft’s value also decreased to $3.30 trillion.
Gold prices eye second weekly gain on boosted rate cut bets
Gold prices steadied as investors awaited retail sales data and interest rate changes amid economic uncertainties.
Nvidia’s $2.1-trillion gain in 2024 bigger than Sensex 30’s m-cap
Nvidia’s m-cap exceeds the m-cap of countries like France, Canada, Germany, and Australia.
Asian stocks hold on to gains; BoE in focus
Asian stocks paused near two-year highs as traders awaited U.S. policy clues. Sterling steadied ahead of a Bank of England meeting with unchanged rates expected. Central bank decisions from Switzerland and Norway will set the global rates tone.
Sterling steady ahead of BoE decision; dollar wobbles against yen
The British pound was steady ahead of the Bank of England rate decision, while the dollar awaited market catalysts. Currencies traded in tight ranges post-US holiday, with focus on BoE, Swiss, and Norwegian central bank decisions.