AI Shock: IT valuations fall near levels seen during subprime crisis
Indian IT exporters’ valuations have plummeted to near 2008-09 subprime crisis levels, trading at 15-18 P/E multiples. This sharp decline, driven by AI advancements impacting headcount-based execution and OpenAI’s direct entry into enterprise solutions, has seen stocks lose nearly 30% in 2026. While a weakening rupee offers short-term support, the AI overhang is expected to […]
Bharti Airtel rings loud on D-St, briefly tops HDFC Bank in m-cap
Bharti Airtel briefly surpassed HDFC Bank to become India’s second-most valuable company on Monday, with its market capitalization reaching ₹11.9 lakh crore. However, HDFC Bank’s shares rebounded, pushing it back to the second spot by market close. This shift reflects the underperformance of traditional heavyweights like IT and banks.
Margin trading funding soars in April as traders come back
Equity margin funding rebounded in April, with the average MTF book reaching ₹1.14 lakh crore, signaling renewed investor confidence after March’s sell-off. This surge was driven by a strong recovery in mid- and small-cap stocks, encouraging leveraged bets as markets showed signs of a short-term bottom. Regulatory shifts in derivatives may have also redirected traders […]