Many semiconductor-related shares had outsized losses, after Nvidia’s annual developer conference failed to provide fresh momentum for the global artificial intelligence-centred chip stock rally.
Nvidia expands ties with Chinese EV makers as auto AI race heats up
BYD, which overtook Tesla last year as the world’s No. 1 electric vehicle manufacturer, will use Nvidia’s next generation of in-vehicle chips, called Drive Thor, to enable increased levels of autonomous driving and other digital functions, Nvidia said.
Japanese stocks down, yen steady as markets brace for landmark BOJ shift
In a week filled with central bank meetings across the globe, the BOJ takes the spotlight on the day with all signs pointing to the central bank shifting away from its ultra easy monetary policy.
Taking Stock: Sensex up 105 points, Nifty at 22,050 led by auto, metals
Tata Steel, MM, JSW Steel, Tata Motors and Apollo Hospitals were among the top gainers on the Nifty, while losers included Tata Consumer Products, UPL, Infosys, Adani Ports and TitanLargecaps push Sensex, Nifty higher; US Fed#39;s rate decision awaited
Analysts expect markets to consolidate this week as investors await US Federal Reserve#39;s interest rate outcome and other macro-economic dataMid-day Mood | Sensex, Nifty recover after subdued start, banking stocks gain
Adani group companies were in focus as all 10 stocks declined after Bloomberg said that US prosecutors had widened probe to focus on whether any of the firm engaged in briberyBig movers on D-Street: What should investors do with OIL, IOC and BPCL?
Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on Friday.
Dollar steady, yen soft as BOJ policy shift beckons
On Monday, the Japanese yen weakened 0.13% to 149.22 per dollar to its lowest in more than a week, but it is still up 0.5% in March against the greenback.
Oil prices rise on tighter supply, geopolitical risks
Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 10 cents to $81.14.
Broking companies likely to give out generous increments, bonuses to top talent across the board
Bonuses at some of the leading companies could range from three to seven months of additional pay, said top executives. Average increments could be in the range of 10-15%, with high performers, especially in technology and product development roles, likely taking home 30-40% more, they said.