The unit closed at 83.9725 as against its last close of 83.955, LSEG data showed. The currency was trading in a tight range of 83.95 and 83.97. At the beginning of 2024, the rupee was trading at 83.2375.
Indian IT stocks are experiencing a significant correction, driven by fears of AI automation impacting outsourcing demand, amplified by Nvidia’s AI chip announcements. Analysts, however,
Seasoned investors are finding attractive opportunities in overlooked sectors like pharma, auto ancillaries, and select IT, where temporary headwinds have created valuation gaps. TrustLine Holdings’
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