Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge may face selling pressure after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up to 4%, while global software…

On July 14, four stocks in the Nifty500 appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. The bullish candlestick pattern reflects strong buying momentum throughout the trading session, signalling sustained positive sentiment and the potential for a continuation of the upward price trend.

Four Nifty500 stocks, Gallantt Ispat, Aegis Vopak Terminals, Zensar Technologies, and Welspun Living, closed over 2% below their VWAP on July 14, indicating increased selling pressure and potential bearish momentum.

Gold prices saw a slight increase on Wednesday as inflation data eased rate hike worries. Renewed Middle East conflict and rising oil prices, however, limited gains for the precious metal. Traders now anticipate a lower probability of a U.S. interest rate increase this year. Investors await China’s economic data, which could impact gold demand from…

Federal Reserve Chairman Kevin Warsh is reviewing interest rate policy and balance sheet management. The central bank is examining the ample-reserves regime and its bond holdings. Warsh indicated a full return to pre-crisis policies is unlikely for the Fed. He stated any changes to the balance sheet would be deliberated and public. The Fed’s balance…

South Korea’s AI stock boom is now a cautionary tale of leverage’s power. SK Hynix’s plunge triggered billions in stock sales, deepening the Kospi’s slide. Leveraged products and concentrated index weightings amplified market swings in both directions. This dynamic is now being watched globally as Korea is central to the AI hardware supply chain. Regulators…

Life insurers anticipate slower premium growth amid economic uncertainty and geopolitical tensions. Health insurers are poised for strong performance, driven by sustained demand and improved affordability. General insurers will likely face continued pricing pressures in motor and commercial insurance lines. Axis Max Life and SBI Life are projected to lead retail APE growth among private…

The 200 DMA is a key indicator traders use to determine the overall trend in a particular stock.

Market participants estimate the Kusumgar IPO’s grey market premium at around Rs 162, or nearly 39% above the upper issue price of Rs 419 per share. This implies an estimated listing price of about Rs 581.

Asian shares advanced as softer US inflation data eased rate hike concerns. The artificial intelligence trade gained renewed strength, boosting technology stocks significantly. Oil prices rose for a third consecutive day due to escalating Middle East tensions. Investors are closely watching the semiconductor sector after a volatile trading session. Fed officials reiterated their commitment to…