Research Financial News

Nifty 50 index, Rupak De, Senior Technical Analyst, LKP Securities, said, "The Nifty has broken down from the rising wedge pattern on the daily chart, suggesting a potential reversal of the uptrend. Additionally, it has fallen below the critical short-term moving average, indicating weakening momentum. The Relative Strength Index (RSI) has also shown a bearish crossover, indicating increasing selling pressure.

A new report from T. Rowe Price adds to the mountain of evidence about the benefits of formal financial planning for Americans approaching retirement.

Shares of most tyre companies weakened Tuesday as the recent spike in prices of commodities including rubber and crude, which are raw materials for their production, dented investor sentiment. Analysts expect these stocks to be under pressure over the next quarter but advise buying them if they decline. JK Tyre fell 4.35% on Tuesday while MRF Tyres and Goodyear India declined 3.32% and 2.39% respectively. Apollo moved down 0.59% while CEAT and Bridegstone were up by 0.44% and 2.74% respectively. Benchmark Nifty slumped over 1%, while Nifty Auto Index fell 0.45%.

Analysts are debating if last week’s sticky inflation news is the death knell for a June cut in interest rates by the Federal Reserve. This much is clear: the recent run of news isn’t encouraging for anticipating that a dovish turn for monetary policy is imminent.

The United States continues to lead the globe in terms of private wealth, with affluent Americans possessing a staggering $67 trillion in liquid investible wealth, which amounts to a third of the world’s liquid assets.

market as India heads into general elections scheduled to start in a month from now. Sales, which typically surge ahead of general elections, are expected to be muted with political parties refraining from promising free devices to their constituents as has been the case before. Market trackers said tepid demand has dampened sales in the high-volume sub-₹20,000 price segment that was expected to revive this year led by budget 5G smartphones. According to Counterpoint Research, smartphone sales fell around 5% on year in January, with similar trends being observed for February. «Post festive season effect, increased replacement cycles and absence of government money infusing policies are some of the reasons for slow demand,» said Shilpi Jain, senior research analyst at Counterpoint Research.

Meta said that it will enable an India-specific Elections Operations Centre to identify potential threats and implement appropriate measures in real time across the company's various applications. Meta also said that its India-specific operations centre will bring together experts from various areas across the company, such as data science, engineering, research, operations, content policy and legal teams.

On Tuesday, corporate bond research firm Gimme Credit maintained its Underperform rating on Alibaba (NYSE:BABA) bonds, despite noting the company's solid cash generation, which allows it to service its debt comfortably.

India with AI skills and knowledge may see salary hikes of more than 54 per cent with those in IT and research and development enjoying the highest pay increases, according to a report by Amazon Web Services (AWS). Around 99 per cent of employers envision their companies becoming AI-driven organisations by 2028, the report commissioned by Amazon subsidiary AWS stated. «While most employers (97 per cent) believe their finance department will be the biggest beneficiary, they also foresee IT (96 per cent), research and development (96 per cent), sales and marketing (96per cent), business operations (95 per cent), human resources (94 per cent), and legal (92 per cent) departments driving significant value from AI too,» it said.

With the Tesla (NASDAQ:TSLA) stock price struggling in recent months due to various headwinds, including an electric vehicle demand decline, analysts have been examining the factors that could influence the trajectory of its stock over the next few years.

(Reuters) — Super Micro Computer (NASDAQ:SMCI) disclosed on Tuesday it will sell 2 million shares that could fetch about $2 billion, sending the artificial intelligence (AI) server maker's shares 9% lower in trading before the bell.

The latest U.S. agricultural census data, out last month with the latest five-year update of data from 2022, shows an increase in the proportion of farms utilizing contract labor compared to those hiring labor overall

In a development touted as “the future of financial advice,” Alai Studios and Shaping Wealth unveiled Lydia, a new AI-powered tool designed to help financial advisors better meet the emotional and financial needs of their clients.

ByteDance was wrongly added to a group chat for American artificial intelligence safety experts last week, the US National Institute of Standards and Technology (NIST) said Monday. The researcher was added to a Slack instance for discussions between members of NIST's U.S. Artificial Intelligence Safety Institute Consortium, according to a person familiar with the matter.

Nifty on Tuesday ended 238 points lower to sneak below its 50-DEMA for the first time in the last four months and form a long bear candle on the daily chart. The overall chart pattern of Nifty is weak and one may expect further decline in the near term. The next lower levels to be watched are around 21,500 in the next one week. Any rise up to 22,000 could be a sell-on-rise opportunity, Nagaraj Shetti of HDFC Securities said.

When executives at retailer Untuckit considered locations for a new store on Long Island, N.Y., they initially dismissed a location they felt was too close to an existing store at the Roosevelt Field mall. Then the men’s apparel brand saw the cellphone data. It showed the two locations were drawing customers from opposite ends of Long Island, convincing them that if they were to add a store at the second mall, it wouldn’t cannibalize the first.

(Reuters) -Nvidia shares dipped in premarket trading on Tuesday after having more than tripled in value in the past year, as investors awaited more details on the company's latest AI chip that is expected to further cement its lead in the industry.

By Yelin Mo and Brenda Goh

₹373.9 lakh crore from ₹378.8 lakh crore in the previous session, resulting in investors collectively losing about ₹5 lakh crore in a single session. Equity benchmarks the Nifty 50 and the Sensex experienced significant losses on Tuesday due to widespread selling as investors remained cautious following the Bank of Japan's decision to raise rates for the first time in 17 years, ending eight years of negative interest rates, as expected by the market.

In line with the principles of Self-reliant India and Start Up India in the field of defence, the Indian Army has formed a specialized technology unit to conduct research and development of future communication technologies like Artificial Intelligence, 5G, 6G, Machine Learning, Quantum technologies for defence.

fasting, a popular strategy to lose weight by limiting food intake to certain times, was called into question by a surprise finding from research presented at a medical meeting. Limiting mealtimes to a period of just eight hours a day was linked to a 91% increase in risk of death from heart disease in the study, which was released on Monday in Chicago. The American Heart Association published only an abstract, leaving scientists speculating about details of the study protocol. The study was reviewed by other experts prior to its release, according to the AHA. Lifestyle interventions aimed at weight loss have come under scrutiny as a new generation of drugs help people shed pounds. Some doctors questioned the study’s findings, saying they could have been skewed by differences — such as underlying heart health — between the fasting patients and the comparison group, whose members consumed food over a daily period of 12 to 16 hours. “Time-restricted eating is popular as a means of reducing calorie intake,” Keith Frayn, emeritus professor of human metabolism at the University of Oxford, said in a statement to the UK Science Media Center. “This work is very important in showing that we need long-term studies on the effects of this practice. But this abstract leaves many questions unanswered.”