The Indian IT sector’s recent interest is seen as tactical, not structural, as banking stocks show fatigue. Rising crude oil prices are driving inflation, potentially pushing WPI higher and forcing the RBI to consider rate hikes amid currency pressure. This suggests a shift towards a stagflationary environment of slower growth and higher inflation.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest