Indian IT services face near-term AI-driven revenue pressure, estimated at 1-3%, impacting stock valuations. However, experts believe markets are overlooking significant long-term opportunities in legacy modernization and enterprise AI implementation, where Indian firms will act as key partners, mirroring past cloud transition cycles.
Vedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its parent company. This comes after a significant corporate restructuring involving the demerger of several business units. Despite recent rating upgrades, the stock remains under scrutiny.
Mutual funds sharply increased holdings in 10 high-conviction stocks during the March 2026 quarter, signaling rising institutional confidence, even as eight of the companies delivered negative returns in CY26.
The RBI may have sold about $12 billion worth of gold reserves in the two weeks through May 22 to protect its foreign-currency assets amid capital outflows and rising oil prices, according to Bloomberg Economics. The move suggests policymakers are prioritising liquid forex reserves as Middle East tensions pressure the rupee.
South Korean stocks hit a record high Tuesday, driven by tech giants like Samsung Electronics and Naver, fueled by hopes of AI collaboration with Nvidia. Despite a volatile trading session, the KOSPI closed higher. Meanwhile, consumer inflation surged to a two-year peak, potentially prompting monetary tightening. Foreign investors continued their selling spree.
Alphabet plans a historic $80 billion equity raise, backed partly by Berkshire Hathaway, to expand AI infrastructure, data centers and cloud capabilities as competition intensifies and AI investment demands surge.
Indian stock markets are facing tough times due to global economic factors. Deepak Shenoy of Capitalmind MF advises investors to look beyond immediate market swings. He highlights that while foreign investors are pulling money out, domestic flows are providing support. Shenoy suggests focusing on sectors like Pharma for defensive plays.
Indian markets are navigating slow earnings growth and valuation worries. However, experts see early signs of a cyclical recovery. Despite current challenges, a shift in global capital flows and domestic growth drivers could lead to modest returns. Investors are looking towards sectors like energy security and defence for future opportunities as the AI trade potentially fades.
US stocks closed higher as AI-driven tech rally lifted the Nasdaq and S&P 500 to fresh record highs. Nvidia gained after unveiling a new chip bringing AI capabilities to laptops, while Micron crossed $1,000 for the first time. Geopolitical tensions with Iran and upcoming jobs data kept sentiment cautious.
SpaceX has reserved up to 5% of its upcoming IPO shares for employees and friends of executives, with strict lock-in rules covering most stock including Elon Musk’s holdings. The filing also highlights Nvidia chip-powered AI compute deals, water scarcity risks, and valuation targets between $1.8 trillion and over $2 trillion.
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