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US Market | Credit Concerns Mount: Blue Owl shake-up weighs on US financial stocks
Blue Owl Capital’s $1.4 billion asset sale and halted fund redemptions rattled US financial stocks, highlighting mounting private credit stress. Investors are cautious over software-linked loans, liquidity, and valuations, underscoring how vulnerabilities in private markets can quickly ripple into public equities, particularly in financials and technology sectors..
Underweight on IT, but positive on these mid-size firms: Quest Investment CIO
Rakesh Vyas, CIO and Portfolio Manager at Quest Investment Managers, prefers product companies and mid-size IT firms such as Oracle Financial Services and Persistent Systems, expecting stronger growth in this segment than in large-cap IT, even as he maintains an overall underweight stance on the sector.
S&P 500 edges higher as financial stocks offset software slump; AI fears linger
Wall Street rose as gains in Citigroup and JPMorgan offset losses in software stocks amid AI disruption fears. Investors await the Fed minutes.
IT shares snap two-day losses, rise up to 5%; OFSS, Coforge lead gains
Nifty IT index ended 2.84 percent higher at 31,539.75, with all its 10 constituents closing in the green.
Oracle Financial Services shares fall 2% as post-US parent's Q4 results
Oracle Financial Services Software shares were trading at Rs 9,262, down Rs 208 or 2.20 percent, at 1:51 pm on the NSE.
Q4 results impact: OFSS shares rise 5% as net profit jumps 38%; Bharat Coking Coal down 5% as PAT declines 59%
OFSS shares gained after the company reported a 38.1 percent sequential rise in net profit to Rs 841.7 crore.
Momentum Stocks: Oracle Financial, KIMS, Marico, Delhivery, Federal Bank hit 52-week high
Waterways Leisure Tourism, Vedanta Iron and Steel, Websol Energy System, Veljan Denison among others were locked in their upper circuits.
IT index rises over 2%, snaps 4-day losses: Persistent, OFSS, others gain up to 3.5%
Nifty IT index was the top sectoral gainer during the session, climbing 2.75% intraday.