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Asian stocks today: Kospi rebounds 3% after crash, Nikkei falls amid global tech stocks sell-off
Asian stocks today: The MSCI Asia Pacific Index rose 0.8% after tumbling 3.6% on Tuesday, marking its steepest decline since early March.
Tech-Led global selloff, Fed rate fears weigh on Indian equities
Indian stock markets experienced their sharpest single-day drop in nearly a month, mirroring a global tech sell-off. The Nifty 50 and BSE Sensex both fell significantly, influenced by a strong US dollar and profit-taking after recent gains. While pharma and healthcare sectors showed resilience, most others, including metals and IT, declined. Market volatility increased, with analysts watching key support levels closely.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Sensex and Nifty plunged over 1% on Tuesday amid global market weakness, IT sector losses, a weaker rupee and fresh foreign fund outflows. Investors will track technical levels, global cues, FII activity and key stock movements on Wednesday as markets look for direction after the sharp decline.
Aditya Birla Capital raises ₹4,000 crore from promoters, IFC via preferential share allotment
Aditya Birla Capital raised ₹4,000 crore via a preferential share allotment to promoters Grasim Industries and Suryaja Investments, and to IFC.
INR settles lower amid pessimistic global sentiments
The Indian rupee declined 11 paise to close at 94.74 (provisional) against the US dollar on Tuesday weighed down by a firm greenback and weak domestic markets. However, a decline in global crude oil prices cushioned against a sharper decline in the local unit. At the interbank foreign exchange, the rupee opened at 94.73 against the US dollar and traded in a range of 94.63-94.92 before settling at 94.74 (provisional), down 11 paise from its previous close. Indian stock indices Sensex and the Nifty50 ended notably lower on Tuesday, weighed down by weakness in global markets, FII selling and weak Indian PMI data. Global tech stocks fell amid concerns that AI-driven valuations have become overstretched, triggering heavy selling in the Indian tech space.
Accenture picks up over 1 million sq ft office in Hyderabad through 10-year lease
Accenture has secured a massive 1 million sq ft office space in Hyderabad on a decade-long lease, committing around Rs 900 crore. This significant deal at Aparna Technopolis highlights the enduring demand for large workspaces from multinational firms in India's tech hubs. The agreement, which includes substantial parking, underscores Hyderabad's growing prominence as a key destination for global companies.
Swiggy Teams Up With Zerodha Fund House To Enable Mutual Fund Investments For Gig Workers
Swiggy partners Zerodha Fund House to let delivery partners invest in mutual funds from Rs 100.
From Rs 4,900 crore to Rs 41,300 crore: How Sanjeev Bikhchandani turned 135 startups into a 743% return machine
Sanjeev Bikhchandani's Info Edge has achieved remarkable capital compounding, deploying Rs 4,900 crore across 135 startups since 2007, now valued at Rs 41,300 crore. Early bets on companies like Zomato and Policybazaar have transformed India's digital landscape. Info Edge's strategic investments in AI and deeptech, even before the global surge, are yielding significant returns, positioning India as a hub for globally relevant tech companies.
US Market Crash: Nasdaq futures sink over 850 points amidst global tech meltdown
The Nasdaq was an underperformer on Monday as well, ending 1% lower, dragged by Alphabet, which declined 5% after the exit of two high-profile AI division engineers, who quit to join rivals OpenAI and Anthropic.
Explained - Why are the stock markets declining on Tuesday
The markets are declining in-line with the global tech meltdown seen on Tuesday. South Korea's benchmark KOSPI ended 10% lower on Tuesday with trading being halted for a few minutes as the circuit limit was triggered.
Explained - Why Jefferies prefers Bajaj Finance, Aditya Birla Capital over other NBFCs
Jefferies expects the sector to deliver healthy loan growth, easing credit costs and largely range-bound NIMs. While valuations have recovered from the lows seen during the recent geopolitical tensions, they remain broadly around long-term averages.
Aditya Birla Capital allots 11.23 cr equity shares on preferential basis
1. 8,08,94,331 equity shares of face value of Rs 10 each at an issue price of Rs 356.02 for an aggregate amount of Rs 2879.99 crore to Grasim Industries, the promoter of the company.