Sandip Sabharwal discusses Reliance’s debt repayment plans following a substantial stake sale, emphasizing the need for profitability from new investments. He expresses caution regarding insurance sector volatility and analyzes Bata India’s slowdown, linking it to broader consumer trends. Sabharwal also views InterGlobe Aviation’s dip as a potential buying opportunity for long-term investors, despite near-term disruptions.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped