RBI keeps Tata Sons in NBFC upper layer list, maintains status quo on listing

Global semiconductor stocks fell sharply as Micron and Intel dropped up to 8%, tracking weakness in Asian peers despite strong Samsung earnings. Investors are reassessing valuations after a strong AI-led rally, while concerns over custom chip development and future demand are making markets more selective towards AI-linked semiconductor companies.

The Indian stock market’s Sensex and Nifty 50 are set to open flat on August 6, influenced by mixed global signals. The previous day’s trading saw slight gains, with the Sensex up 152.05 points and the Nifty 50 maintaining positive momentum despite facing resistance.

Merchant Discount Rate (MDR) is the fee merchants pay to banks and payment service providers for processing digital transactions. In India, credit card payments generally attract an MDR of around 1.5%.