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recovery. The Nifty IT index, which had declined by 14 percent between April 1, 2022, and August 31, 2023, has shown signs of improvement since September 1, 2023, with a 4.11 percent increase. One critical factor in this recovery is the reduction in attrition rates reported by IT companies during Q1FY24, signifying improved knowledge retention and cost savings from reduced employee turnover. Furthermore, major Indian IT firms have secured multi-billion dollar IT services deals in recent months, bolstering their revenue prospects for the remainder of the year. As we enter the second half of the year, several factors shed light on why the Indian IT sector is displaying signs of reversal and the potential beginning of a rally.

tech stocks all year. Surging valuations and elevated interest rates doom them. Earnings forecasts are a fantasy.

Global market update: US stock market edged higher on Friday on resilience in the national economy even though investors await the key US inflation data expected next week. Dow Jones index added 0.22 per cent whereas tech heavy weight Nasdaq added 0.09 per cent. S&P 500 index gained 0.14 per cent.

Stocks drifted to a slightly higher finish on Wall Street Friday but still closed out their first losing week in the last three

Investing.com — The Dow ended higher Friday, but that wasn’t enough to prevent a weekly loss as Treasury yields racked up gains for the week amid fears that the Fed may have to persist with higher for longer rates.

Mullen Automotive (NASDAQ:MULN) saw a spark of life in early trading Friday when the share price jumped 2.2% after the opening bell, before quickly returning to the red. Part of the reason for the jump appears to be encouragement that Mullen management is fighting back against NASDAQ’s delisting announcement by attempting to appeal the decision.

Nasdaq announced that the United States Securities and Exchange Commission (SEC) has approved its request to operate the first exchange AI-driven order type on Sep. 8.

Stocks are drifting higher, but not by enough to knock Wall Street off course for its first losing week in the last three

Nasdaq Inc. on Friday said it won approval from the U.S.

By Shristi Achar A and Amruta Khandekar

Investing.com — Apple (NASDAQ:AAPL) shares hug the flatline in premarket trading on Friday following a two-day skid sparked by reports that China is telling government officials not to use the California company's iPhone device for work. Elsewhere, two more Federal Reserve policymakers hint that the central bank may skip hiking interest rates at its September gathering, while U.S. Treasury Secretary Janet Yellen suggests that China's post-COVID economic woes may not have a «significant impact» on the United States.

Shares have slipped in Asia after Japan reported its economy grew less than earlier estimated in the last quarter

Nasdaq fell on Thursday, with the biggest drag from Apple and weakness in chip stocks over concerns about China's iPhone curbs, while a fall in weekly U.S. jobless claims fed worries about interest rates and sticky inflation. Shares in S&P heavyweight Apple Inc fell for a second straight day on news that China had widened curbs on iPhone use by state employees, requiring staff at some central government agencies to stop using their mobiles at work. Bloomberg reported that China planned to broaden the iPhone ban to state firms and agencies. The drag from Apple, its suppliers and companies with large China exposure pushed the S&P 500 technology sector lower making it the biggest percentage decliner among the benchmark's 11 major sectors during the session. A U.S.

Nifty closed higher for the fifth straight day despite weak global cues on recovery in the second half due to short covering on the weekly expiry day. «Nifty has shown good momentum in September so far and is inching closer towards its life highs where it could face some resistance. However, we expect outperformance in the broader market to continue with interest in niche sectors,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, higher at 19,782.50, signaling that Dalal Street was headed for positive start on Friday.

₹319.10 lakh crore on Thursday, driven by an optimistic trend in equities, where Sensex recorded its fifth straight day rally.On Thursday, FIIs continued to divest from the Indian market as FIIs offloaded ₹3,245.86 crore. Meanwhile, DIIs infused ₹10,202.87 crore and offloaded ₹247.46 crore.Oil prices fell for a second session weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening supplies.On Thursday, SBI Funds Management Ltd, the country's largest asset management company, acquired approximately 8% of the stake in Nazara Technologies Ltd, an online gaming firm, for a total of ₹410 crore.

Investing.com — U.S. stock futures were little changed Thursday evening. after a mixed session among major benchmark averages as market participants assess the risk of future rate hikes from Federal Reserve officials.

Investing.com — U.S. stocks were mixed, with declines led by tech stocks, as investors continued to worry about interest rates remaining higher for longer.

Wall Street slipped on worries a too-warm economy will push the Federal Reserve to keep interest rates higher for longer

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Investing.com — U.S. stocks were mixed, with declines led by tech stocks, as investors continued to worry about interest rates remaining higher for longer.

Here's how the analysts read the market pulse: «The domestic market initially opened with lackluster performance, influenced by weak global cues. However, as the day progressed, a decline in U.S.