Global Market: Samsung, SK Hynix plunge up to 11% as investors reassess AI chip boom

South Korean chip stocks experienced sharp declines on Tuesday. Major companies like Samsung Electronics and SK Hynix saw significant drops. Investors scaled back artificial intelligence-related bets due to spending sustainability worries. Concerns over China’s semiconductor advancements also fueled market unease. This selloff reflects a broader reassessment of AI valuations and future demand.

Bharat Electronics shares fall over 3% after Q1 results. Here’s what Nomura, Motilal Oswal and other brokerages say

Bharat Electronics (BEL) shares fell 3.5% after the defence PSU reported mixed Q1FY27 results, with profit rising 9% year-on-year but declining sharply on a sequential basis. Despite the earnings miss, brokerages remained constructive. Motilal Oswal, Elara Capital and Dolat Capital reiterated positive ratings, while Nomura maintained a Neutral stance, citing BEL’s strong order pipeline and…

Sensex trades flat, Nifty near 24,000 ahead of US Fed meet; IT pack shines

Benchmark indices Sensex and Nifty traded largely flat on Tuesday. IT stocks advanced, led by Infosys, while broader markets showed mixed performance. Investors weighed global tech sell-offs against falling oil prices and potential US-Iran deal progress. Attention now turns to the U.S. Federal Reserve meeting which begins later today. Foreign institutional investors sold equities while…