Sensex down more than 300 points
New Delhi: BSE Sensex is down more than 300 points in morning trade on Thursday. Sensex was down 386.15 points and was trading at 72,236.94 points. Bharti Airtel, Titan are among the top Sensex stocks with a fall of 2 per cent. Deepak Jasani, head of retail research at HDFC Securities, said global brokerage Jefferies said India will be the third largest economy by 2027 thanks to sustained GDP growth, supportive geopolitics, rising market cap, sustained reforms and strong corporate culture. The Union Cabinet approved changes in the Foreign Direct Investment (FDI) policy for the space sector, which will allow up to 100 per cent foreign investment under the automatic route for certain activities. These include manufacturing of components and systems and sub-systems for satellites. Also Read – Mahindra Scorpio N Z8 Select launched in India at starting price of Rs 16.99 lakh Asian stock markets rose on Thursday, indicating fresh momentum in global equities after Nvidia Corp released better-than-expected revenue forecast, he said. I. Big Tech looked poised for a rebound after solid results from Nvidia Corp and a boost in confidence in the artificial intelligence craze that has driven a stock market resurgence. Nvidia Corp hit an all-time high on Wednesday with its latest earnings, sending its stock up 9 percent in the extended session. He said the company exceeded top-line expectations by about $2 billion in the most recent quarter, while it is doing the same with its outlook for the current quarter. Also Read – Airtel launches in-flight roaming pack US stocks closed mostly higher on Wednesday, with the Dow Jones Industrial Average and S&P 500 leading gains in the last half-hour of trading. Minutes of the Federal Reserve’s January meeting showed that most policymakers were concerned about the risks of cutting interest rates too soon, with widespread uncertainty about how long borrowing costs should remain at their current levels. . He said that after the release of the minutes, traders of US short-term interest rate futures remained firm on the condition that the Fed would not start cutting interest rates before June. Also Read – RBI informs banks on interest equalization scheme for rupee export credit VK Vijayakumar, chief investment strategist at Geojit Financial Services, said the underlying strength of the ongoing rally in the market is being widely acknowledged. This explains FII buying, albeit modest, yesterday, when the US 10-year bond yield was around 4.3 per cent. DIIs have been smart in continuously buying when FIIs are selling. Therefore, there is scope for some profit-booking for DIIs, which they did yesterday. He said that in the tug of war between FIIs and DIIs in recent years, DIIs have been the clear winner. He said, a significant trend now is heavy delivery based buying in private banks, which are still attractively valued in this market with high valuations. Are.
