Bitcoin faces a critical juncture around the $60,000 mark. A break below this level could ignite significant market volatility. Options contracts and Bitcoin-backed loans are positioned to amplify downward pressure. Analysts warn of potential forced selling and cascading liquidations. This scenario could lead to a sharp price correction. Investors are closely watching this key price point for future movements.
U.S. consumer prices rose less than anticipated in January, with the CPI increasing 0.2% monthly and 2.4% annually. This data suggests the Federal Reserve remains on track for interest rate cuts this year, despite some underlying inflationary pressures. Market reactions were mixed, with stocks flat to lower and Treasury yields slipping.
Indian equity markets experienced a significant downturn, with the Nifty and Sensex falling 1.3% and 1.1% respectively for the week. A sharp selloff in IT stocks, triggered by AI disruption fears in the US economy and rapid job losses, led the decline. The IT index saw its steepest weekly losses in 10 months, wiping out substantial market value.
Infosys and Wipro ADRs surged despite a broader Nasdaq decline and weak domestic IT stocks. This resilience emerged as US inflation cooled to 2.4% in January 2026, potentially influencing Fed rate cut decisions. However, Indian IT stocks continue to face pressure from strong US employment data and AI-driven disruptions.
U.S. interest rate futures on Friday raised odds of rate cuts by the Federal Reserve in June after a report that showed inflation rose less than expected in January.
Wall Street is in the grip of disruption worries from AI. It first started with investors dumping shares of software companies but soon spread to sectors seen as vulnerable to automation, driving sharp losses in U.S. stocks this week.
Fortis Healthcare on Friday reported a 22 per cent year-on-year decline in consolidated profit after tax at Rs 197 crore in the third quarter ended December 2025.
National Commodity & Derivatives Exchange signed a long-term technology pact with Tata Consultancy Services to enter equity and derivatives trading. The 10-year deal will deploy a scalable, low-latency platform using TCS BaNCS and Quartz solutions to meet regulatory and market demands.
BSE received Securities and Exchange Board of India approval to launch derivatives on the Focused Midcap Index. The product offers concentrated exposure to top 20 mid-sized firms via monthly futures and options, aligning with new single-expiry regulations.
Benchmark declines dragged the BSE Sensex sharply lower, with nine BSE 200 stocks hitting fresh 52-week lows. IT majors like Wipro, Tata Consultancy Services and Infosys led losses, reflecting sustained selling pressure across technology and select defensive counters.
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