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AI bots auditioning for Wall Street trading are mostly losing money
Public AI trading contests show leading models still struggle to beat markets consistently, highlighting limits of generative AI in fund management
INR settles higher as oil prices and DXY retreat from elevated levels
The Indian rupee pared initial losses and settled for the day on a positive note, higher by 23 paise at 94.26 (provisional) against the greenback on Thursday, as Brent crude and the US dollar index retreated from their elevated levels. The dollar index continues to linger under 98 mark for the second consecutive day as safe haven demand wanes amid improving prospects of a near term peace deal between US and Iran. Meanwhile, brent oil prices have fallen below USD 100 per barrel on a rise in investor risk appetite in global markets on hopes of peace between the US and Iran. However, factors such as unabated foreign capital outflows and safe-haven dollar demand from importers capped sharp gains for the rupee. Indian benchmark indices ended flat, with the Sensex falling 114 points to settle at 77,844.52 and the Nifty50 dipping 4.30 points to close at 24,326.65.
India's Axis Bank Raises $500 Million In Offshore Loan From MUFG
Axis Bank has secured the loan facility, with MUFG acting as the sole mandated lead arranger and bookrunner, Girish Vasnani, director in the capital markets group at the Japanese lender.
Quick Wrap: Nifty Auto Index gains 1.93%
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Jonathan Schiessl sees inflation risks in US rally, India allocations may return later
Jonathan Schiessl, Deputy Chief Investment Officer, Westminster Asset Management believes strong US earnings are continuing to drive global equity markets higher, especially semiconductor stocks, despite rising concerns around inflation and bond yields. He said India remains an attractive long-term market, but global investors are still cautious on allocations for now. Schiessl also pointed to China’s low valuations as a factor drawing investor attention amid shifting global capital flows. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
NFO Alert! Motilal Oswal MF launches contra fund: Who should invest?
Motilal Oswal Contra Fund is suitable for investors seeking capital appreciation over the long term and investing predominantly in equity or equity-related investments through a contrarian strategy
Nifty, Sensex See Sharp Spike — Three Reasons Why Markets Shot Up Today
The recovery extended to the broader indices as well, with Nifty Smallcap 250 gaining by over 0.99%, while the Midcap 150 rose 1.05%.
Explained: What NSE's Electronic Gold Receipts mean for yellow metal investors
NSE’s Electronic Gold Receipts (EGRs) offer investors a regulated and fully digital way to own and trade physical gold without storage or purity concerns. Backed by SEBI-regulated vaults, EGRs aim to make gold investing more transparent, accessible and standardised while integrating the yellow metal more closely with India’s capital markets.
Defence outlook strong, but PSU margin concerns keep investors selective: Manish Gunwani
Manish Gunwani, Head – Equity at Bandhan AMC, said sustained crude oil prices above $90 per barrel could weigh on India’s macroeconomic stability and limit gains in domestic stocks. He also said the global AI investment boom is drawing capital away from India toward markets such as Taiwan and South Korea.
UltraTech stays Avvashya Capital's top pick as Ambuja, Shree shift focus to profitability
Avvashya Capital Fund Manager Mangesh Bhadang believes the Indian cement industry is finally becoming more disciplined after years of aggressive capacity expansion. He said leading players such as Ambuja Cements and Shree Cement are now shifting focus towards profitability as weak pricing and lower returns continue to pressure the sector. Bhadang continues to prefer UltraTech Cement, citing its strong execution, consistent volume growth and industry-leading profitability. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Sensex falls 114 points, Nifty closes below 24,350; broader markets outperform
Indian stock markets surged on Thursday, with Sensex and Nifty extending gains for a second day. This rise was fueled by optimism over a potential de-escalation of US-Iran conflict, leading to a broad-based rally across midcap and smallcap indices. PSU Bank stocks led the sectoral gains.
Sensex, Nifty 50 | Stock Market LIVE: Gift Nifty signals flat start for Indian market; Nasdaq, Nikkei hit record high
Sensex, Nifty 50 | Stock Market LIVE: Asian markets traded mixed, while the US stock market ended higher overnight, with the S&P 500 and Nasdaq surging to record-high closes.