US Tightens Restrictions on Exporting AI Chips and Tools to China

The United States tightens restrictions on exporting AI chips and tools to China The Commerce Department, responsible for export controls, has announced its intention to regularly update restrictions on technology exports to China. The Biden administration recently revised regulations to make it more challenging for China to acquire US artificial intelligence (AI) chips and chipmaking … Read more

Nifty Defence Index: PSUs Lead as Half of Stocks Turn Multibaggers in FY24

In the financial year 2023-24, the Nifty India Defence Index showcased remarkable growth, outperforming the Nifty with a 44 percent Compound Annual Growth Rate (CAGR) compared to the Nifty’s 15 percent over the past five years. A notable highlight was the significant surge in more than half of the index’s 15 constituent stocks, with five … Read more

Smallcaps Companies Surge as Broader Indices Outperform Amid Market Volatility

This week, smallcaps led the charge with over 50 stocks gaining up to 43%, while broader indices bounced back from previous losses. Despite global uncertainties, including the Bank of Japan’s rate hike and the ECB’s decision to maintain rates, the market rebounded following the Fed’s commitment to three rate cuts this year. Foreign institutional investors … Read more

US Stock Market Sees Strong Weekly Gain Despite Flat Friday Close

The S&P 500 closed almost unchanged on Friday, but it achieved its largest weekly gain of 2024 thanks to the Federal Reserve’s decision to stick to its plan of three rate cuts by the end of the year. The Nasdaq and a semiconductor index also ended slightly higher on Friday, with the semiconductor index notably … Read more

Market Update: Nifty Hits 1-Month Low; Sensex Turns Negative for 2024

Indian benchmark indices, Sensex and Nifty, plunged by 1% each on Tuesday, March 19, impacted by a substantial sell-off in TCS, Infosys, and Reliance Industries. This decline was further exacerbated by weak Asian markets and fresh foreign fund outflows. Gift Nifty Future trading at 21,860.00 as on 19-Mar-2024 17:18:55 made high 22,085.00 and low 21,852.50 today. … Read more

Market Rebounds Strongly: Sensex Surges 336 Points, Nifty Hits 22,150 Mark

The market staged a remarkable recovery on March 14, with the benchmark indices posting significant gains. Nifty soared to around 22,150 points, erasing some of the losses from the previous session, while Sensex comfortably closed above the 73,000 mark, registering a rise of 335.39 points or 0.46 percent at 73,097.28. Notably, broader indices outshone the … Read more

Market Recap: Nifty Dips Below 22,350, Sensex Falls 617 Points; All Sectors in the Red

Indian markets ended lower today, breaking a two-day winning streak, as Nifty closed below the crucial 22,350 mark. Investor caution prevailed ahead of the release of US inflation data tomorrow. The Sensex closed down 616.75 points or 0.83 percent at 73,502.64, while the Nifty fell 160.80 points or 0.71 percent to 22,332.70. The market opened … Read more

AMFI Mutual Fund Data: Liquid Funds and ETFs Gain, Small- and Mid-Cap Funds Lag

According to data released by AMFI for February, liquid funds saw a significant increase in inflows, jumping from Rs 49,468 crore to Rs 83,642.33 crore month-on-month (MoM). ETF fund inflows also surged, rising from Rs 571 crore in January to Rs 6,461.67 crore in February. Large-cap funds experienced an increase in inflows, reaching Rs 1,287 … Read more