INDIA TECH MARKET
Sensex, Nifty trade lower as pre-Diwali explosive rally cools down. Why analysts are bullish
The Indian stock market declined as investors engaged in profit-booking following a strong rally. Major stocks like HCL Tech and Infosys faced declines of approximately 2%. However, SBI shares increased by more than 2%, while the Nifty Pharma sector gained around 2%. Analysts suggest that foreign institutional investors will continue buying, potentially supporting future market rallies.
Why cheap stocks offer more safety than strong inflows, says Sundaram AMC MD
Two years ago, seasoned asset manager Anand Radhakrishnan moved from a long, successful stint as Chief Investment Officer (CIO) at Franklin Templeton India to take over as Managing Director (MD) at Sundaram Asset Management Company. In this conversation with Sanket Dhanorkar, he shares his views on the market correction, shift in interest rate cycle, valuations and money flows, and more.
D-Street poised for positive start as GIFT Nifty signals gains
The Indian market concluded lower during the special Muhurat Trading session, breaking a seven-session winning streak. Analysts indicate strong institutional participation and corporate earnings underpin the market structure. India VIX rose by 12% to reflect increased market fear, settling at 17.46 levels. Foreign portfolio investors net bought shares worth Rs 13,749 crore, while domestic investors sold shares.
India's ChatGPT boom faces a reality check as free AI use meets rising costs
India has emerged as ChatGPT's largest market, driven by its vast digitally connected population and widespread access to free AI services. However, as AI infrastructure expands and computing and energy costs rise, companies face the challenge of recovering investments. Convincing price-sensitive Indian users to pay for AI remains difficult.
Enough of COP Jamborees
Falling solar and battery costs have made renewable energy commercially competitive with coal in India. As COP31 begins in Turkiye, the focus should shift to accelerating electrification of transport, promoting agrivoltaics, investing in transmission and grid stability, and ensuring reliable payments by discoms to sustain the country's green transition.
Smaller deals become big revenue driver for India’s top IT firms
The number of customers generating $1-10 million in annual revenue increased at most of these companies in the first half of fiscal 2027 from a year earlier, even as that of their big clients remained largely flat or grew at a slower pace.
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Workout after work: India Inc flexes its fitness muscle
Employers in India are enhancing workplace fitness programs to promote well-being and active lifestyles among employees. Companies like Procter & Gamble and InMobi now offer gym facilities and wellness initiatives. The demand for fitness programs is rising among mid-sized businesses and startups, providing greater access to wellness resources.
Trading setup for the day: Gift Nifty signals positive start to Muhurat Trading
Diwali Muhurat Trading Setup: Bechmark Nifty experienced a significant increase, closing at 25,030 on Friday as markets opened positively. Investors showed optimism ahead of a special trading session on Diwali, scheduled for Sunday. Foreign portfolio investors were net buyers, contributing substantially to market growth, while domestic institutions were net sellers. The Indian rupee appreciated against the US dollar, aided by favorable market conditions.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Why did market rally today? Sensex ends 1,718 pts higher, Nifty reclaims 25,000 as D-Street concludes bumper week. 4 factors behind today’s gains
In a surprising turn of events on Friday, both Sensex and Nifty soared by more than 2%, contrasting with the downturn seen in global markets. This upward movement was sparked by a historic influx of share purchases by foreign investors, emphasizing their belief in India's financial potential. Mahindra & Mahindra shone bright with robust earnings information, though broader markets faced challenges.
D-St defies Asia rout! Sensex surges 1,500 pts, Nifty tops 24,900 as Diwali fireworks continue. What's ahead?
The Indian stock market defied global trends by experiencing gains, with Sensex and Nifty both rising up to 1% today. While international markets struggled, Indian equities benefitted from significant foreign investments. Mahindra & Mahindra led the charge in share price increases, although Nifty Smallcap and Midcap trended downwards. Analysts foresee ongoing strength in large-cap stocks, supported by robust earnings, and technical insights that may steer upcoming trading tactics.
$5 billion in 5 days! Why FIIs are suddenly shopping Indian stocks non-stop this Diwali
Foreign institutional investors have poured nearly $5 billion into Indian equities in five trading sessions, marking a sharp reversal after months of heavy selling. Strong Q2 earnings, softer crude prices, stable currency and the global AI sell-off are improving India's appeal, with investors rotating towards relatively undervalued markets and large-cap stocks.
Bloodbath in Nasdaq, Kospi and Nikkei but why Nifty is an oasis of peace amid global rout
A global AI-led tech selloff has battered US and Asian markets, wiping out $3 trillion from S&P 500 companies. However, Indian equities are showing relative resilience as investors rotate away from crowded AI trades. Market experts believe India's lower exposure to the AI boom, attractive large-cap valuations and renewed foreign inflows could help it weather the global rout.
Infosys, Wipro, TCS and other IT stocks rise up to 3% as US AI rout deepens; is the bubble bursting?
In the wake of a worldwide AI stock decline, companies such as Infosys and TCS have seen their shares rise, demonstrating a contrasting trend. This downturn has sparked fears of impending regulations within the sector, prompting analysts to predict that Indian IT companies might leverage this moment to enhance their entrepreneurial AI ventures, all while experts caution against excessive financial commitments in the AI landscape.
Trust market returns to secure oil: India owns stakes in oilfields from Russia to Abu Dhabi, but getting that crude home is another challenge
India's overseas oil investments, particularly in Russian oilfields, have not guaranteed preferential access to crude during supply disruptions such as the Strait of Hormuz crisis. The article examines how sanctions, shipping costs, insurance restrictions and commercial considerations limit the energy security benefits of equity oil, and why India needs to assess overseas investments separately from their supply security claims.
GCCs ramp up hiring for AI, data, cybersecurity professionals; face talent shortage: Report
India's GCCs are directing a greater share of technology recruitment towards specialists who can deploy AI, manage data and secure enterprise systems, according to the India GCC Tech Talent Landscape - Q2 FY27 Report by staffing and workforce solutions provider Quess Corp.
Mercedes plans bigger India play with greater localisation of parts
Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to achieve record annual sales if the current trend continues. Ola Kallenius, the global chairman, highlighted the potential for Indian suppliers to support global operations. The company has committed an additional investment of ₹200 crore, raising total investments to ₹3,200 crore.
AI, data, cybersecurity lead tech hiring with 30.3% share in September quarter
In India, the demand for roles in AI, data, and cybersecurity within Global Capability Centers (GCCs) has surged, even amid a slight overall hiring decline. AI and data professional roles saw a 14% increase quarter-on-quarter, while cybersecurity positions grew by 12%. Notably, tier-2 cities like Coimbatore achieved a remarkable 30% growth. By 2030, the GCC workforce in India is projected to reach between 2.7 and 2.8 million.
Rupee finds its footing as oil worries cool, traders watch flow momentum
The Indian rupee climbed to its highest value in two weeks, following a notable fall in oil prices. This uplifting trend was mirrored by a stark rise in Indian stock markets and a reduction in bond yields. Recently, foreign investments poured into Indian equities, showcasing hefty net purchases. Analysts emphasize that ongoing investment inflows are crucial for bolstering the rupee further, as market sentiment improves amid reduced energy cost pressures.
Sam Altman on why India is optimistic about AI, while the US is sceptical
Sam Altman, CEO of OpenAI, recently praised India's swift embrace of AI, identifying it as ChatGPT's largest market. He observed that Indian users are innovatively utilizing AI to address challenges and foster entrepreneurship. In stark contrast, Altman noted the prevalent scepticism toward AI in the United States. He also raised alarms about the dangers of unchecked AI advancement, stressing the need for diversified efforts to avoid a concentration of power.
A global AI selloff could send money India's way, says Uday Kotak
Uday Kotak highlighted the potential for India to attract foreign investment as global AI valuations rise. Indian equities have performed relatively well, rebounding nearly 10% from lows earlier this month. Despite the drop in tech-heavy Asian markets, local stocks demonstrate resilience due to continued domestic investor confidence.
D-Street poised for a gap-up start as GIFT Nifty trades firmly higher
Indian equity benchmarks experienced gains as they extended their winning streak to five consecutive sessions. The Nifty 50 increased by 150 points while the BSE Sensex advanced by 383 points. Easing crude oil prices and optimism over US-Iran negotiations led to a broad-based buying in domestic equities. Additionally, foreign portfolio investors were net buyers, contributing to positive market sentiment.
Midterm results may slow US visa curbs, but no quick relief likely for IT
The opposition party’s takeover of both chambers of US Congress is expected to bring greater scrutiny of the administration’s policy decisions, potentially slowing further restrictions, industry experts told ET. However, any improvement in sentiment is unlikely to translate quickly into higher hiring or technology spending.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
Sebi sets up working group to review Innovators Growth Platform framework
SEBI has formed a working group to review Innovators Growth Platform regulations and improve capital access for startups. The panel will examine listing eligibility, fundraising, investor participation, disclosures and migration to mainboards while safeguarding investor interests.
Sunday PropTech acquires 89-room hotel in Kolkata, marks entry into city
Sunday PropTech Ltd marks a significant milestone with its inaugural acquisition of an 89-room hotel in Rajarhat. This venue will be included in its emerging mid-premium Clubhouse brand, bolstering its footprint in eastern India. Given its advantageous proximity to Netaji Subhas Chandra Bose International Airport, it appeals to business travelers. The company plans to revamp and reposition the hotel, while also identifying additional investment prospects in West Bengal.
Indian stocks poised to open lower as US midterm vote outcome looms
As Indian shares experienced four days of upward movement, a decline is now expected as market participants turn their eyes towards the US midterm elections. The results could play a pivotal role in shaping energy prices and foreign investor activity. Recently, foreign investors have shown confidence in Indian shares, enhancing market performance. Meanwhile, geopolitical tensions over Brent crude oil continue to loom, making post-election stock movements critical for investors.
D-Street braces for weak opening on negative GIFT Nifty cues
Benchmark Nifty increased by 1.6% to close at 23,810 following an extended rally. This upward trend was influenced by easing crude prices and continuous foreign fund inflows. Analysts expect Indian equities to consolidate positively after a sharp recovery in recent sessions. The rupee appreciated by 9 paise against the US dollar amid substantial buying in domestic equity markets. India VIX rose by 1.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 388 points. Falling crude oil prices, strong corporate earnings, positive global cues and foreign investor buying boosted sentiment.
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