US stocks today: US stocks end modestly higher as AI zeal overcomes Middle East jitters

US stocks ended mixed as AI-driven optimism supported markets but was offset by rising geopolitical tensions and oil prices. Small-cap and semiconductor stocks gained, while software lagged. Alphabet’s massive AI funding plan and Marvell’s rally highlighted ongoing AI momentum, even as inflation fears and rate hike concerns kept investors cautious.

Chinese humanoids are one step closer to IPOs

China’s robotics sector is gearing up for a wave of IPOs as the country positions itself at the forefront of the next phase of AI. Unitree Robotics has secured approval for a Shanghai listing, while dozens of robotics firms are preparing to go public. Analysts expect IPO proceeds to accelerate R&D and support China’s push […]

Alkem Labs sees Rs 930 crore block deal as promoter family entities pare stake; Goldman, Morgan Stanley among key buyers

Alkem Laboratories shares experienced significant block deals totaling Rs 930 crore. Promoter family entities divested shares to a group of domestic mutual funds and foreign institutional investors. This transaction occurred after a strong performance by Alkem Laboratories shares over the past year. The deal highlights continued institutional interest in the pharmaceutical sector.

AI to expand opportunities for Indian IT; luxury housing demand strong: BofA Sec

AI presents significant new revenue streams for Indian IT services, despite job displacement concerns. Experts believe AI will expand beyond coding into business processes, creating a larger market. While enterprise adoption is nascent, technology modernization and AI integration will drive growth. Separately, India’s residential real estate, particularly luxury housing, shows strong potential, with developers expected […]

2 top stock recommendations by Vinay Rajani

Indian stock markets are cautious. The Nifty is losing support levels, indicating a bearish trend. Midcap and smallcap stocks are also seeing profit booking. IT and metals sectors show relative strength. Analysts suggest selective long opportunities in IT, like LTIMindtree, and shorting PSU banks such as Bank of India.