Indian IT stocks experienced a significant downturn due to AI concerns, with the Nifty IT index falling 21% in February. However, 25 select stocks defied the slump, showing positive returns by focusing on AI infrastructure, integration, and specialized engineering, indicating potential future growth themes for the sector.
Asit Bhandarkar of JM Financial Mutual Fund advises investors to temper IT sector concerns, advocating for a disciplined approach. He suggests a slight underweight in IT, urging against panic selling. Instead, focus shifts to smallcap stocks exhibiting strong earnings momentum, presenting a more compelling opportunity after recent market corrections and valuation resets.
St. Louis Fed President Albert Musalem believes current U.S. policy rates strike a good balance between economic risks, with inflation nearing the 2% target and a stabilizing labor market. Meanwhile, Kansas City Fed President Jeffrey Schmid highlights inflation as a persistent challenge, suggesting more work is needed despite a healthy employment situation.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
Oil prices are near seven-month highs as markets weigh U.S.-Iran talks against potential supply disruptions. While diplomatic efforts continue, military posturing in the Middle East keeps tensions high. However, a significant build-up in U.S. crude inventories is tempering further price surges, creating a complex market outlook.
India is building a transparent, well-governed, and investable stock market to attract long-term institutional capital, according to Sebi chief Tuhin Kanta Pandey. He highlighted that the country offers scale and growth, with foreign portfolio investor assets tripling to ₹71 lakh crore. Domestic institutional investors are now providing a crucial counterbalance, enhancing market resilience.
Circle surpassed Wall Street expectations for fourth quarter revenue on Wednesday, as income from reserves got a boost from a rise in circulation of its stablecoin token, sending its shares up more than 20% in early trading.
India’s merchant bankers have urged SEBI to allow borrowing against bonds to boost underwriting capacity and better manage risks when debt sales see weak demand. They also sought access to wider funding sources and an anonymous bond-trading platform, arguing these changes would deepen liquidity and strengthen India’s corporate bond market.
European shares rose to a record high on Wednesday, underpinned by a rebound in financials after British bank HSBC raised a key lending target, while concerns that newer AI models might imminently disrupt traditional businesses appeared to ease.
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