Axis Securities weekly technical note keeps a positive bias on the market with Nifty at 25,910 and Bank Nifty at 58,518. The report highlights a trading range of 26,500-25,200 for Nifty and 59,500-57,200 for Bank Nifty, and picks Sun Pharma, GRSE and Persistent Systems with 7–13% potential upside over the next 3-4 weeks.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays