Dow closes above 50,000, Nvidia soars as traders focus on AI spending
The Dow Jones Industrial Average crossed the 50,000 mark. Chipmakers like Nvidia surged as tech giants Amazon and Alphabet announced significant investments in AI infrastructure. This spending is expected to boost AI data center development. Software companies also saw gains, recovering from recent dips. The market showed a shift with investors diversifying away from tech.
Wall Street Week Ahead: Tech stock shakeout clouds market ahead of economic data deluge
Investors face a volatile week as artificial intelligence reshapes the technology sector. Software stocks are experiencing a significant downturn. Upcoming economic data on employment and inflation will provide crucial insights. The Federal Reserve’s interest rate decisions remain a key focus for market participants. Companies like AppLovin and Datadog will release their earnings reports.
Gold bounces back on softer dollar, US-Iran concerns; silver rebounds
Gold rebounded on Friday, poised for a weekly gain driven by bargain hunting, a weaker dollar, and ongoing U.S.-Iran talks. Silver also recovered from a recent low, though both metals are showing signs of entering a commodity bust phase. CME Group raised margin requirements amid heightened volatility.
US dollar heads for weekly rise, yen slumps ahead of Japan’s election
The dollar retreated from two-week highs as risk assets rebounded, though it remained on track for a weekly gain. Concerns over AI spending drove global shares lower, while the yen weakened ahead of Japan’s national election. Traders await U.S. jobs data, with expectations for potential Fed rate cuts.
Fractal Analytics raises Rs 1,249 crore from anchor investors ahead of IPO
Fractal Analytics raised Rs 1,249 crore from 52 anchor investors at Rs 900 per share ahead of its IPO opening February 9. Strong domestic and global institutional demand signals confidence in the AI analytics firm and growth prospects globally strong.
NSE Board approves IPO via OFS, forms a committee to drive listing process
The National Stock Exchange of India (NSE) has received board approval for its Initial Public Offering (IPO) via an Offer for Sale (OFS). This move follows a decade-long wait and Sebi’s no-objection, with the IPO expected to be a significant event in India’s capital markets. A reconstituted IPO Committee will oversee the listing preparations.
NSE Q3 Results: Profit falls 37% YoY to Rs 2,408 crore
NSE Q3 Results: Leading exchange NSE reported a 37% year-on-year (YoY) slump in its consolidated net profit at Rs 2,408 crore in the third quarter, while total income fell 9% YoY to Rs 4,395 crore.
Market Wrap: Sensex adds 266 pts, Nifty above 25,650; Indian rupee logs best week in over 3 years
Indian stock markets, Nifty and Sensex, ended Friday higher. The Reserve Bank of India maintained its policy repo rate at 5.25 percent. Cigarette stocks saw a significant surge following price increases. Global markets retreated, impacted by a Wall Street selloff and AI concerns. Crude oil futures extended losses.
Meesho slides 40% from peak, slips below listing price. Here is why brokerages still see 26% upside
Meesho shares have fallen nearly 40% from their peak after Q3 losses widened sharply, slipping below the listing price. Despite near-term margin pressures and concerns over growth sustainability, foreign brokerages UBS and BofA remain constructive, citing strong revenue growth, improving logistics efficiency and long-term user expansion.
Indian stocks enjoy a rare combination, makes a case for re-rating: Morgan Stanley’s Ridham Desai
Morgan Stanley sees Indian equities entering a rare phase that supports a valuation re-rating, driven by policy stimulus, improving earnings, weak foreign positioning and attractive relative valuations. With macro stability improving and growth accelerating, the firm forecasts meaningful upside for the Sensex through 2026 under its base and bull case scenarios.