Market News
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Dixon Tech shares get downgraded by CLSA who calls recent rally 'overdone'
Despite the downgrade by CLSA, shares of Dixon Technologies have recovered all their losses for the year and have now turned positive on a year-to-date basis.
Affle 3i inks deal to acquire AdColony SDKs to strengthen its consumer platform biz
As part of the transaction, all the strategic Assets, including the AdColony SDK for iOS and Android devices, tech platform, existing integration with in-app publishers and mediation platforms, the brand name, domain and the goodwill exclusively related to Assets, will be acquired by AMEA (Asset Purchase).
Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows
Shares in the "Magnificent Seven” - a group that includes some of the biggest tech names on Wall Street, namely Nvidia, Apple, Amazon.com, Alphabet, Meta, Tesla, and Microsoft, have all declined since last Friday.
Tech Layoffs: AI Has Already Cut More Jobs In 2026 Than The Last Two Years Combined
May's tally of job cuts due to AI accounts for 40% of all layoffs announced in the month. This number was 7% in January.
FIFA World Cup 2026 Match Ball: All You Need To Know About 'Trionda' And The Tech Inside It
Manufactured in Sialkot, Pakistan, the Trionda will be used throughout the FIFA World Cup 2026.
IT Stocks Crash: TCS, Infosys and peers wipe out over ₹1.5 lakh crore of investor wealth
IT stocks have declined up to 9% on Wednesday, June 3, after witnessing a strong upmove over the two trade sessions. The Nifty IT index is down nearly 6%, with all 10 stocks trading with losses. Cumulatively, the stocks on the Nifty IT have wiped out over ₹1.5 lakh crore in investor wealth, with TCS contributing to more than half of that fall. Five out of the 10 Nifty IT constituents, TCS, LTM, Coforge, Persistent Systems and Tech Mahindra, are trading more than 5% down.
CMR Green Tech IPO opens today: Price band, GMP, here's all you should know
CMR Green Technologies IPO: Check price band, lot size, GMP, reviews, allotment date, listing date, and other key details here
Stocks To Buy: After 45% fall from peak, online car portal gets an upgrade; Check target
With this upgrade, CarTrade Tech has become a "consensus buy" among analysts who track it, as all nine analysts now have a "buy" rating on the stock.
Microsoft doubles down on Windows, developers as US tightens AI oversight
Microsoft put up a bullish stance despite the US government’s decision, which will require all tech companies to give the US government access to frontier AI models 30 days before releasing them commercially.
Here's how the US markets, other asset classes are reacting to the fallout in US-Iran negotiations
Incidentally, despite the developments on Monday, all three indices made new record highs. The S&P 500 crossed the mark of 7,600 for the first time, while the Nasdaq also ended higher led by continued buying in tech and AI-linked stocks. The Dow Jones also recovered from the lows of the day to end around the flat line.
Wall Street Week Ahead: US payrolls data, tech earnings and AI events set to drive markets
Market participants will also closely track several other indicators, including manufacturing and services PMI readings, JOLTS job openings data, and the Federal Reserve’s Beige Book, all of which are expected to provide a clearer picture of the economy’s underlying momentum
Sterlite Tech shares are up 375% this year and CLSA sees another 48% upside
All four analysts tracking Sterlite Tech have a "buy" rating on the stock. CLSA's price target is the highest on the stock for the street.