Nifty ended sharply lower as broad-based selling pushed the index below key technical levels, with volatility rising. Rupak De of LKP Securities warned of near-term weakness toward 25,000 unless resistance is reclaimed. Technical analysts suggested buying Kirloskar Oil Engines and Bajaj Finance on breakout patterns.
AI bubble fears are creating new derivatives
Debt investors are increasingly concerned about major tech companies taking on significant debt for AI development, leading to a surge in credit derivative trading. This