Vedanta shares rise 5% as BofA upgrades stock to Buy, raises target price by 75%. Here’s why
Vedanta Ltd shares surged upto 5% on Wednesday after BofA Securities upgraded the stock to “Buy” from “Neutral” and raised its target price sharply to Rs 840 from Rs 480. The brokerage turned positive on the back of a stronger outlook for aluminium and supportive silver prices, along with an estimated FY27 dividend yield of […]
Piyush Pandey sees buying opportunity in IT stocks despite AI fears
Piyush Pandey believes AI disruption fears for Indian IT stocks are overblown, with current valuations being “extremely comfortable.” He sees long-term opportunities outweighing short-term volatility, predicting improved performance in FY27 compared to FY26 due to increased productivity and a shift to outcome-based projects.
Silver prices jump Rs 7,200, gold reclaims Rs 1.6 lakh as tariff, geopolitical uncertainty looms. What are experts saying?
Gold reclaimed the Rs 1.6 lakh mark while silver surged Rs 7,200 on the MCX amid tariff uncertainty and geopolitical tensions. Experts expect continued volatility, with support from global cues and dollar movement, while advising cautious trading strategies as markets react to evolving macroeconomic and geopolitical developments.
Global Market | Jonathan Schiessl on how investors can navigate global market volatility
Global markets are witnessing a significant rotation from mega-cap tech to real assets, cyclicals, and industrials. In India, IT faces AI disruption fears, while banking and defensive sectors gain traction. Opportunities are emerging in pharmaceuticals’ GLP-1 generics and attractive metals valuations.
Asia and select Europe markets look attractive amid US concentration risks: David Gibson Moore
US equities have seen strong gains driven by AI mega-caps. Concerns about market concentration and high valuations are prompting investors to look beyond the US. Asia, including India, South Korea, and Indonesia, shows improving fundamentals. Select European markets, particularly manufacturing and defence, also present compelling opportunities for diversification in the coming months.
Time for lumpsum investment in multi-cap and flexi-cap funds: Union AMC’s Harshad Patwardhan
With improving earnings visibility and more reasonable valuations, investors can deploy fresh capital in diversified equity strategies. Multi-cap and flexi-cap funds are well-positioned to capture opportunities across market segments. Broad-based growth is expected, driven by government initiatives and potential trade deal benefits.
Negative Breakout: These 12 stocks cross below their 200 DMAs
In the Nifty500 pack, 12 stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on February 24, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a […]
Global Market Today: Asian stocks rise after tech-led rebound in US
Asian markets opened higher today. Technology shares led the gains, boosting Wall Street. This rally eased worries about artificial intelligence. Investors are now looking ahead to Nvidia’s earnings report. The market sentiment improved following positive news from Anthropic. This suggests a more stable outlook for tech companies.
US Stock Market | Wall Street bounces back, ending higher on renewed tech vigor, easing AI concerns
Indian markets saw a strong rebound as tech stocks, particularly those in AI, led the charge. Investors embraced a ‘buy on the dip’ strategy, shrugging off concerns about AI’s disruptive potential. Major indexes posted solid gains, with semiconductor firms and companies like Advanced Micro Devices and Keysight Technologies seeing significant boosts.
Markets tumble with IT shares hit by renewed anxiety over AI impact
AI company Anthropic’s blog post triggered a significant sell-off in Indian IT stocks, causing benchmark indices to fall sharply. The Nifty IT index plunged 4.7%, reflecting investor anxiety over AI’s potential to automate legacy system maintenance, as seen with IBM’s substantial decline. Analysts anticipate further downside for the IT sector.