Nifty IT Index saw itself underperforming the broader markets on relative terms. However, over the past few sessions, this pocket has tried to improve its relative momentum and performance against the broader markets.
US markets ended higher with the S&P 500 near record levels, driven by SK Hynix’s strong Nasdaq debut and renewed momentum in AI-linked chip stocks.
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.
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