Rajesh Bhatia, CIO at ITI Mutual Fund, suggests that the market will be stock-specific rather than trending. He recommends focusing on sectors like power and defence while avoiding auto stocks. Additionally, he believes declining interest rates will benefit banks and NBFCs. Enthusiasm should be kept low with selective stock picking being key.
US Stocks: Bumble shares soar 40% as investors swipe right on AI-powered reboot
Bumble shares jumped more than 40% in early trading on Thursday after the company posted upbeat fourth-quarter revenue and unveiled an AI-driven overhaul of its