From software to real estate, US sectors gripped by AI scare trade

From software to real estate, US sectors gripped by AI scare trade

Wall Street is grappling with mounting fears that rapid advances in artificial intelligence could disrupt multiple industries, triggering a sweeping stock selloff. The downturn began in software stocks but quickly spread to financial brokerages, data analytics firms, insurers, real estate services and logistics companies. | Photo Credit: Brendan McDermid/Reuters Wall Street is in the grip […]

TCS, Wipro, Infosys stocks fall 5% as AI fears drag Nifty IT index down

TCS, Wipro, Infosys stocks fall 5% as AI fears drag Nifty IT index down

IT stocks came under heavy selling pressure on Thursday in line with Wall Street peers. The Nifty IT index declined sharply by 5.5 per cent as investor concerns mounted over the potential impact of artificial intelligence-led disruption on software services earnings, as the new advanced AI models could automate several traditional IT services, potentially impacting […]

Stock Market Live Feb 12: Sensex, Nifty likely to open steady as investors eye US trade deal and corporate earnings

Stock Market Live Feb 12: Sensex, Nifty likely to open steady as investors eye US trade deal and corporate earnings

On Feb 11, the Auto and Auto Ancillaries space delivered a strong positive breakout. The BSE Auto index surged, with multiple stocks hitting fresh 52-week highs or all-time highs amid robust Q3 earnings, improving demand (especially rural & CV), premiumization trends, EV adoption, and regulatory tailwinds on safety & emissions. This isn’t random. India’s auto […]

Broker’s Call: Star Cement (Buy)

Broker’s Call: Star Cement (Buy)

Target: ₹295 CMP: ₹219.20 Star Cement reported healthy growth across financial parameters led by robust year-on-year volume growth of 21.5 per cent. Revenue/EBITDA/PAT grew 22.4 per cent/94.3 per cent/720.3 per cent to ₹880 crore/₹203 crore/₹74 crore respectively. PAT saw significant jump, primarily on low base, from about ₹9 crore to ₹74 crore. The company’s capex […]