Explained: Why Indian IT stocks are set for the longest losing streak since May 2022
The Nifty IT index is set to end Friday with six straight weekly loss, the most-prolonged sell-off since the eight-week slide that ended nearly four years ago.
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Nvidia-OpenAI inch closer to a new $30 billion investment plan, dump $100 billion deal
Nvidia and OpenAI are nearing a $30 billion investment deal, replacing their previous $100 billion agreement. OpenAI will reinvest funds in Nvidia hardware, valuing the ChatGPT creator at $730 billion.
Chartist Rohit Srivastava’s Nifty trading strategy as it slips below 20-day average
A slip below key short-term levels may be signalling more near-term pressure for the Nifty, even as Bank Nifty holds up for now. Rohit Srivastava shares how investors can stay invested with hedges and where traders may find weakness to…
Rupee falls 27 paise amid dollar strength and rising oil
The Indian rupee fell to 90.94 against the US dollar, breaching 91 in thin holiday trade outside Mumbai. Dollar demand, oil price rise, and US Iran tensions amplified the decline.
Dabur India may see double-digit FY27 growth, says Nuvama; 17% upside seen
Nuvama keeps ‘Buy’ on Dabur India with a ₹605 target, citing growth and margin recovery. Dabur Ventures to invest ₹5 billion in digital-first businesses.
Reliance Industries can rise 18%, says Morgan Stanley post ₹10 lakh crore AI investment announcement
Morgan Stanley has labelled the Reliance Industries stock a ‘top pick’. It has an ‘overweight’ rating on it with a price target of ₹1,803 apiece.
Gold, silver edge higher after early dip on geopolitical concerns
Gold and silver prices moved amid US–Iran tensions and Lunar New Year liquidity. Analysts from Augmont Bullion and SAMCO Securities share market insights.
TCS target price: Morgan Stanley sees over 32% upside to ₹3,540 on OpenAI partnership
Morgan Stanley believes TCS’ OpenAI partnership and data centre push could open up new revenue streams beyond traditional IT services. The brokerage expects investors to begin valuing the business separately as visibility improves from the company’s Hypervault data centre segment.
Cement capacity to rise 7% by FY28, says Citi; Investec flags 19% upside on JSW
Citi flags rapid capacity expansion in Indian cement, led by UltraTech Cement and Ambuja Cement. Industry utilisation to stay at 67–68%, with EBITDA per tonne improving amid cost control.
NTPC Green Energy starts 165 MW solar operations in Gujarat; total capacity nears 9 GW
NTPC Green Energy Limited began commercial operations of 165 MW at Khavda-II Solar PV project in Gujarat, raising total capacity to 8,992.68 MW. Q3 profit fell 73%, but revenue and EBITDA rose.