Latest Stock Market News

India’s IT sector is witnessing a sharp correction, with FIIs exiting heavyweights like TCS, Infosys, and HCL Tech. The Nifty IT index has plunged 26% from its peak. While most IT majors saw FII stake cuts in Q4 FY25, Wipro was the lone exception. The broad-based selloff raises questions on whether this is peak pessimism or a deeper correction ahead.

The Indian rupee weakened to 85.34 against the US dollar on Wednesday, a 15 paise drop, as the dollar rebounded following President Trump s conciliatory remarks towards the Federal Reserve and China. This shift boosted US indices and lowered bond yields. Positive domestic equity market trends saw the Sensex and Nifty rise, supported by foreign institutional investors buying activity.

ICICI Bank is increasingly outperforming HDFC Bank across key financial metrics, signaling a potential power shift in Indian banking. While HDFC Bank grapples with merger integration challenges impacting growth, ICICI Bank demonstrates superior profit growth, net interest margins, and operational efficiency.

Robert Kiyosaki, the author of Rich Dad Poor Dad, is increasing his silver holdings, calling it the "biggest investment bargain today." He predicts silver could double in price this year, even as gold reaches record highs. Kiyosaki advises investors to pivot away from traditional financial products, warning that inflation and excessive money printing would erode the value of fiat currencies.

Gold and silver futures experienced profit booking on Wednesday after reaching record highs, influenced by the U.S. President s comments on China and the Federal Reserve. This triggered a price drop in gold, while silver found support from industrial metals.

This usually results in a decrease in open interest and can drive the stock price higher.

Elara Capital s Garima Kapoor believes India s 6.2% growth forecast by the IMF is realistic, though RBI and the Ministry of Finance may need to revise their estimates downwards. Trade uncertainties persist, but pro-growth policies and favorable cyclical tailwinds support the Indian economy.

He expressed confidence that a de-escalation in the trade war between the world’s two largest economies is likely.

Tariffs are imposed and postponed frequently, affecting supply chains and operations across industries.

Amidst economic uncertainties, gold has surpassed Rs 1,00,000, outperforming traditional investments. Fueled by geopolitical tensions and central bank buying, experts suggest a buy on dips strategy, anticipating further gains. However, caution is advised, recommending a limited allocation for diversification rather than an all-in approach, considering potential shifts in market dynamics.