ED Yardeni of Yardeni Research links the Nvidia-led tech selloff to a monopoly investigation rather than fears of an economic slowdown. He argues that the US economy is returning to pre-pandemic norms and anticipates strong employment figures. Yardeni also contrasts China’s current economic challenges with India’s potential for significant growth in the coming years.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.