Global Market Today | Asian stocks follow US lower on tariff uncertainty
Asian shares declined as AI’s impact on profits and tariff uncertainty worried investors. Wall Street saw a significant drop, with tech stocks particularly affected by AI disruption fears. This follows a strong start to the year for Asian markets compared to the US.
Global ETF craze has retail buyers paying steep premiums
Investors are flocking to international mutual funds for higher returns. However, many overseas ETFs are trading at a 20-25% premium to their actual value. This is due to Reserve Bank of India’s investment limits for mutual funds. Investors buying these ETFs on exchanges face a risk of significant capital loss if the RBI lifts these […]
Price targets, ratings of big IT companies cut on ‘downside risks’
Jefferies has downgraded several major Indian IT stocks, including Infosys and TCS, citing AI-related disruptions and greater downside risks. The brokerage shifted its preference to mid-sized IT firms, identifying Coforge, Sagility, and IKS as top picks with projected returns of 19-26%.
D-Street up on bank, auto boost amid caution ahead of F&O expiry
Indian equity benchmarks rose on Monday, with the Nifty and Sensex gaining 0.6% amid mixed investor sentiment. While optimism surrounded lower US tariffs, renewed negotiation uncertainty loomed. Foreign portfolio investors were net buyers, contributing to the market’s uptick, though the IT sector saw a decline.
Sebi chief Tuhin Kanta Pandey flags big PMS overhaul, to examine new RBI funding rules
Sebi chief Tuhin Kanta Pandey said the regulator plans a comprehensive overhaul of PMS rules to improve suitability, governance, and conduct, while also examining industry representations on the RBI’s new capital-market funding framework. He added that Sebi is also working on oversight for to-be-listed stocks.