The Sensex closed at 61,795, up 1,181 points, or 1.95% on Friday. The Nifty surged 321 points, or 1.78%, to close at 18,349. The Sensex and Nifty hit all-time highs of 62,245 and 18,604 on October 19, 2021. Analysts now anticipate the Nifty to test 18,650-18,750 levels, meaning a jump of 1.6-2.2% from the current levels.
Tech equity sales renew AI debt-binge worries
Tech giants are aggressively selling stock, raising billions, signaling a potential spending spree. While this boosts balance sheets, it also suggests increased borrowing and capital