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Sensex climbed 535.15 points, or 0.74%, to close at 73,158.24, while the Nifty 50 settled at 22,217.45, up by 162.40 points, or 0.74%. “Strong Q4 results and a positive outlook from chipmaker Nvidia led to a revival in global sentiments. Further, HSBC Flash India PMI data for the month of February pointed towards India’s economic activity – both manufacturing and services being at a 7-month high which helped Indian markets to make a sharp recovery.

Freshly proposed UK legislation would see cryptocurrencies officially classified as a new form of property, establishing greater legal certainty around digital assets at large.

artificial intelligence (AI) models and enhancing services such as Google Search, as per an AP report. As part of the agreement, Reddit gains access to Google AI models to enhance its internal site search and other features, it added. Reddit did not respond to queries.

Also Read: Nvidia hits 15% upper circuit as AI mania sparks tech rally on Wall Street, market value nears $2 trillion Nvidia surpassed high expectations, according to Morgan Stanley analyst Joseph Moore. “We had never seen $2 billion of upside to quarterly revenue guidance until Nvidia did it a few quarters ago, but it has become routine during the AI surge," he wrote. “Strength of AI demand continues to be remarkable." Nvidia reported fourth-quarter revenue of $22.10 billion, up from $6.05 billion, and beating estimates of $20.62 billion.

With Canada’s housing market “starting to turn a corner,” there is growing demand for homeownership with a “colossally high” number of people planning to buy a home within the next year, according to a new poll.

Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares higher.

PAG Asia, one of the largest global alternative investment managers, will invest ₹400 crore in bonds of a M3M India group entity to refinance existing debt and acquire land, said people with knowledge of the matter. PAG's Asia Pragati Strategic Investment Fund will invest in Lavish Buildmart, a 100% subsidiary of M3M India — the real estate developer whose promoters were questioned by the Enforcement Directorate last year for unauthorised transactions with the IREO group.

NCPCR) has written to the ministry of electronics and information technology highlighting the lack of KYC norms for gambling apps and websites, which it claims has led to unlawful participation of children on these platforms. In a letter sent on Wednesday, the NCPCR said that a complaint from New Delhi-based trust 'Society against gambling' spoke of the «presence of numerous illegal online gambling websites and applications operating within the country, posing a significant threat to the future well-being of children». ET has seen a copy of the letter.

Speculative traders intent on driving down the price of shares of B. Riley Financial Inc. have attempted to undermine the company’s credibility through a smear campaign, industry sources say, that includes spreading lies about individual employees and questioning the firm’s financial health.

The overall fees charged to 401(k) plans are well-documented – but information about how much goes to advisors isn’t widely available.

ABB India surged 9% to close at Rs 5,439 as analysts at most top brokerages raised or retained share price targets on the stock after the company reported strong profit in third-quarter results. The stock hit a 52-week high of Rs 5,450 earlier in the session. The revised average analyst price target on ABB India available on Bloomberg after the third-quarter results was Rs 5147.42, implying a downside of 5.36% over Thursday’s closing. “We see ABB as a perfect trifecta of automation, electrification, premiumisation,” said Nomura’s analysts in a client note. ABB shares jumped 20% in the previous two trading sessions. Analysts at Kotak Securities said that the pace of execution is likely to moderate due to the increased execution period since large orders have doubled. But margins are likely to be resilient bolstered by premiumisation, higher utilisation, and value-based pricing. “Order inflow growth remains constrained by select sectors firing. The pace of execution may moderate further while margin may remain resilient,” said Kotak Securities in a note.

savings account (CASA) deposits — can no longer be taken for granted with the average urban saver increasingly tilting in favour of higher-yielding Dalal Street instruments, such as mutual fund plans and direct stock ownership. And the already visible struggle for deposits could intensify further for the industry with the biggest index weighting — and overseas ownership — as democratisation of technology and familiarity help lift the veil on the hitherto opaque and esoteric world of D-Street for the average rural saver, fundamentally altering the dynamics in the handling of financial savings to the detriment of high-street banks.

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Mint in the week gone by. In response to the revival of protests by farmers, the government had floated a proposal to buy at least five crops over the next five years at minimum support price (MPS). But, farmers have rejected the Centre's offer, and are marching to Delhi again.

India vs England 4th Test: After securing its largest-ever Test victory in Rajkot, Team India landed in Ranchi on Thursday and is all set for the fourth Test match against England. The Rohit Sharma-led Indian squad is already leading the series by 2-1 and will look to clinch the five-match series with another victory at Ranchi, the home ground of legendary Indian cricketer MS Dhoni.

Investing.com-- Semiconductor maker Kioxia Holdings and U.S. partner Western Digital Corporation (NASDAQ:WDC) will resume negotiations for a potential merger in late-April 2024, Japanese newspaper Asahi Shimbun reported on Friday.

After-Hours Stock Movers:

Investing.com — Block on Thursday lifted it full-year guidance after reporting better-than-expected fourth-quarter revenue as efforts to step up monetization on its Cash App payment app bolstered performance. 

Investing.com-- The S&P 500 closed at record highs Thursday, after Nvidia's blowout earning reinforced investor optimism in artificial-intelligence boom, ushering in a sea of green across tech stocks.  

By Adriana Barrera

By Sam Nussey and Miho Uranaka