Asian stocks tumble on US rate jitters, China GDP helps soothe losses
Investing.com– Asian stocks fell sharply on Tuesday, tracking an overnight rout on Wall Street amid persistent concerns over geopolitical tensions in the Middle East and higher-for-longer U.S. interest rates.
Baidu says AI chatbot 'Ernie Bot' has amassed 200 million users
HONG KONG (Reuters) -China\’s Baidu (NASDAQ:BIDU) said on Tuesday its artificial intelligence chatbot “Ernie Bot” has garnered more than 200 million users as it seeks to remain China’s most popular ChatGPT-like chatbot amid increasingly fierce competition.
Native American group seeks to overturn US court ruling on Rio's Arizona copper mine
By Mrinmay Dey and Ernest Scheyder
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian shares fell on Monday, following losses in Asian markets, as investor sentiment was subdued after Iran\’s retaliatory attack on Israel over the weekend spurred fears of a wider regional conflict. The NSE Nifty 50 fell 1.1% to 22,272, while the S&P BSE Sensex lost 1.14% to 73,399, at close.
Fairfax arm infuses Rs 500 crore into IIFL Finance
Fairfax\’s Odyssey Reinsurance offers Rs 500 crore debt to IIFL Finance for gold loans. Prem Watsa\’s subsidiary provides secured, rated bonds at 9.5% coupon. ET\’s comment requests to IIFL Finance and Fairfax go unanswered.
Who will get D-Street\’s vote: Stocks to benefit from a BJP win in polls
\”The BJP manifesto has a strong positive read-through for Indian equities,\” said Seshadri Sen, head of research at Emkay Global Financial Services. \”Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners.\”
Jio Financial forms joint venture with BlackRock
In a release to stock exchanges on Monday, Jio said it has signed a 50:50 joint venture with BlackRock for incorporating wealth management and brokerage companies in India. Both companies have a similar partnership for the asset management venture.
MFs prune stakes in PSUs following stellar bull run
Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw an increase in stakes.
Pharma, healthcare top bets of fund managers in March
They also purchased insurance stocks like SBI Life, HDFC Life, and ICICI Prudential Life Insurance after favourable guidelines on the surrender value of policies were announced by the insurance regulator IRDAI. Also, the recent removal of the age limit on availing of health insurance is seen as boosting the prospects of life insurance companies.
GIFT Nifty down 160 points; here\’s the trading setup for today\’s session
\”We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action,\” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.