A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Monday’s declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.
Nifty breaks above 23,100, signalling upside momentum. How to trade on Thursday
Tech view: The bearish chart pattern of lower tops and bottoms remains intact on Nifty. However, a breakout above 23,350-23,400 could negate this trend and
January 29, 2025