IT stocks fell up to 3% after TCS reported Q4 results that failed to impress the Street, dragging the Nifty IT index over 2%. Despite broader market gains, investor sentiment weakened amid muted demand outlook, cautious brokerage commentary and renewed concerns that rapidly advancing AI models could erode traditional IT services revenue.
Market volatility presents a chance for investors. Chakri Lokapriya, CIO-Equities at LGT Wealth, highlights opportunities in financials, IT, and real estate. He sees potential in NBFCs and IT firms with improving deal pipelines. Real estate corrections create selective openings. Metals are also poised for a demand-driven revival. This period offers entry points for medium-term gains.
A Tata Trusts trustee has backed listing Tata Sons via an IPO, aligning with growing support despite the group’s earlier stance to remain unlisted and explore alternatives to avoid going public.
Shares of Sun Pharmaceutical Industries fell sharply after ET reported the company had submitted a $12-billion binding offer for Organon & Co. Investors remain cautious as the pharma major nears its biggest-ever overseas acquisition amid debt concerns and volatile global conditions.
Bitcoin trades near $71,000 on Friday. Macroeconomic uncertainty and geopolitical risks are capping its momentum. Recent ETF outflows have also impacted buying pressure. Analysts watch the CPI release for potential price movements. Market sentiment has improved to neutral, suggesting a continued upswing. Retail interest remains strong, with significant accumulation observed.
Jefferies strategist Christopher Wood says Pakistan offers high-beta opportunities around IMF bailout cycles, even as India remains his core long-term bet. While Pakistan’s market has soared since the latest IMF programme, Wood notes that India’s structural strength and improved valuations position it for a potential rebound.
U.S. software stocks tumbled as renewed fears over AI’s disruptive impact hit sentiment, with Reuters reporting steep declines across major names. A cautious rollout of a new model from Anthropic heightened concerns that advanced AI could erode traditional software demand, pressuring valuations and exposing vulnerabilities in legacy systems.
Indian government bonds remained steady Friday, impacted by a large sale of the benchmark 10-year note and worries over high oil prices due to a fragile U.S.-Iran ceasefire. Traders awaited the auction results, anticipating potential yield increases. Meanwhile, easing liquidity pushed overnight index swap rates lower, as a temporary truce offered some relief.
Three Nifty 500 stocks, including OLA Electric and Hitachi Energy India, formed White Marubozu patterns, signaling strong buying interest, bullish momentum, and potential continuation of upward price trends in near term.
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