Hexaware Technologies shares jump 8% after securing Anthropic authorised reseller status for Amazon Bedrock
Hexaware Technologies shares rose sharply on Monday after the IT services company became an Anthropic Authorised Reseller for Amazon Bedrock. The designation allows Hexaware to sell, integrate and support Claude AI models for enterprises, strengthening its AI offerings and expanding its enterprise-focused generative AI capabilities across multiple industries.
AI chip rally faces reality check, but bubble fears may be overdone: Adrian Mowat
South Korean chip stocks are experiencing a temporary dip, not an AI bubble burst, according to EM-Equity Strategist Adrian Mowat. He attributes the volatility to strong earnings revisions driven by tight supply and demand. The next phase requires companies to show AI-driven revenue growth and cost reductions. Indian IT firms could see sentiment improve by […]
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie. According to an exchange filing, the Composite Scheme of Arrangement also includes Astral Limited and Al-Aziz Plastics. The stock hit a low of Rs 1,389 amid the development and approval […]
Kotak Mahindra Bank shares fall 3% after CEO’s surprise exit. What Nomura, Jefferies said
Analysts at Nomura and Jefferies, however, maintain ‘Buy’ ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank’s strategic direction will remain consistent.
Sensex falls 50 points, Nifty above 24,050; Eternal, Sun Pharma, TechM rise 1%
Indian stock markets traded mixed on Monday, with Sensex dipping slightly and Nifty inching higher amidst rising oil prices due to Iran-US tensions. While some blue-chips gained, broader markets saw a minor decline. Analysts suggest a potential market upturn due to easing FII selling and South Korea’s volatility, but a deficient monsoon remains a concern. […]
Persistent Systems shares slide 7% after $1.14 billion offer to buy Germany’s Nagarro
Persistent shares: The German digital engineering firm’s board said it intends to recommend the 81 euro per share offer to shareholders.
Beyond the Nifty slump: Sandeep Bagla on why largecap valuations are ripe for comeback in 2026
Sandeep Bagla of TRUST Mutual Fund sees corrected large-cap valuations as a prime entry point for 2026, especially in banking and IT. Their new Large & Mid Cap Fund aims to capture this shift, blending large-cap stability with mid-cap growth. Bagla highlights opportunities in financialization, premium consumption, infrastructure, defense, and tech innovation, anticipating steady economic […]
Vedanta may fall further; M&M, JK Paper are top buys for this week: Anand James
Geojit’s Anand James anticipates a stable Nifty expiry with controlled movements, not sharp volatility. He advises buying Mahindra & Mahindra and JK Paper for the upcoming week. However, traders are cautioned against buying Vedanta on the recent dip, as further downside is possible. Foreign investor positioning shows tactical shifts, but significant short covering is yet […]
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 25, 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. Traders use the 200 DMA as a […]
Gold slips as US-Iran tensions lift oil, US rate-hike bets weigh
Gold prices dipped as escalating U.S.-Iran tensions fueled oil prices, while anticipated U.S. Federal Reserve interest rate hikes added further pressure. Despite a brief missile exchange, both nations reportedly agreed to de-escalate and resume talks. Meanwhile, Indian gold demand saw a premium emerge, contrasting with subdued activity in China. Other precious metals experienced mixed movements.