Dixon Tech shares get downgraded by CLSA who calls recent rally ‘overdone’
Despite the downgrade by CLSA, shares of Dixon Technologies have recovered all their losses for the year and have now turned positive on a year-to-date basis.
Uncategorized
HCLTech’s Sarvam bet signals start of India’s AI growth story: Mayuresh Joshi
Mayuresh Joshi, Director of Research at Marketsmith India, said Sarvam’s enterprise and agentic AI capabilities can simplify workflows, making HCLTech’s investment a strategic move that could prompt more IT firms to pursue similar deals. He expects such investments to create…
Devyani International, Sapphire Foods shares rise up to 7% after exchange nod for merger
BSE said it has no adverse observations on the proposed scheme from the perspective of listing regulations, enabling the companies to file the merger proposal before the National Company Law Tribunal (NCLT).
HCLTech shares in focus after ₹1,427 crore investment in Sarvam AI for over 10% stake
Along with HCLTech, Nvidia, Prosperity7, Activate, Glade Brook invested around $100 million cumulatively, while Bessemer made a $50 million investment in the funding round. PeakXV and Khosla Ventures are among the early backers of Sarvam AI.
COMEX gold eases from one-week high, silver drops over 1% amid focus on US-Iran agreement
Gold and silver prices eased as investors weighed a preliminary US Iran peace deal, awaited the US Federal Reserve decision, and noted Citi raising its three month gold forecast.
SpaceX market cap at $2.5 trillion after another 20% surge; retail piles in
Shares of SpaceX have delivered a strong debut on the public markets. By the end of their second trading session, the stock had climbed 43% above its IPO price of $135, valuing the company at approximately $2.5 trillion.
Dow Jones surges 500 points to record high, Nasdaq sees best day in three months on Iran deal
Shares of SpaceX soared another 20% in their first full day of trading as a public company, having ended their trading debut on Friday with gains of 19%, taking the market capitalisation of the Elon Musk-led company past $2.5 trillion.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at a negative start as Israel disagrees with peace deal
Sensex Today | Stock Market LIVE Updates: The 24,000 level remains key for the Nifty index to unlock the next leg of upmove. The Nifty Bank has been the bigger outperformer, gaining 2,000 points in two sessions and the exhaustion…
Asian shares edge higher on Iran deal relief rally
MSCI Inc’s gauge of regional shares were up 0.1% in early trade while US equity futures slipped post the S&P 500 adding 1.7% and the tech-heavy Nasdaq 100 rallying 3.1%.
Oil prices steady as traders wait for more details on Strait of Hormuz reopening
Brent traded under $84 a barrel after it sank nearly 5% on Monday, while West Texas Intermediate was close to $81 a barrel.