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Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…
US equities moved in mixed territory early Wednesday, with technology stocks continuing to weigh on sentiment, while gold prices rebounded and moved back above the $5,000-per-ounce mark as investors sought safe-haven assets.The S&P 500 slipped 0.1% in early trade, coming off its fourth modest decline in the last five sessions. The Dow Jones Industrial Average…
File photo (Pic credit: AP) Asian stock markets mostly declined on Monday, led by sharp losses in Japan after the yen strengthened against the US dollar, hurting exporter stocks. Japan’s benchmark Nikkei 225 fell 1.8% to 52,870.15, weighed down by heavy selling in major exporters such as Toyota Motor Corp., whose shares dropped 4%.Markets across…
For the longest time now, the month of January has been considered a ‘jinxed’ month for Bollywood. For years now, there have been movies which released in Janaury and did not work at the box office, which led to a term called ‘January jinx’ within the industry. Last year in 2025, we saw movies like…
Toronto Raptors might trade RJ Barrett (Image via NBA) Tension is always present throughout the trade season, particularly for teams that must choose between contending and rebuilding. As the NBA trade deadline on February 5th draws near, the Toronto Raptors are in that precise position. The Raptors are in a particularly strong position on the…
MUMBAI: Global private equity (PE) investors want to bet big on India and are scouting for investments, but President Trump’s tariffs and broader geopolitical risks are slowing down the pace of deal closures—PEs invested $35.5 billion in the country during Jan-Nov 2025, about 16% lower compared to the year-ago period, data sourced from EY showed….
The rupee weakened by 7 paise to close at 89.94 (provisional) against the US dollar on Thursday, pressured by higher crude oil prices, sustained foreign fund outflows and a firmer greenback, PTI reported.Forex traders said the local unit also faced headwinds from renewed concerns over potential US tariff action and weak sentiment in domestic equities….
Tobacco stocks saw a sharp sell-off on Thursday after the finance ministry formally notified February 1 as the date for imposing additional excise duty on tobacco products, along with a health cess on pan masala. Shares of Godfrey Phillips India plunged as much as 10% in morning trade, while ITC fell over 8%.On the BSE,…
NEW DELHI: As another week of December begins, stock markets will also invoke hopes for investors but also caution. Foreign investors, currency movement and global macroeconomic data announcements will drive investor sentiments for the week. Notably, this week will not have the usual five days of trading as Thursday, December 25 will mark a stock…
The rupee on Monday weakened further to close at a fresh all-time low of 90.74 against the US dollar, after slipping as much as 90.80 during intra-day trade, amid lingering uncertainty over an India–US trade deal and continued foreign fund outflows, according to market participants.At the interbank foreign exchange market, the local currency opened at…
