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DeepSeek launched a free AI assistant that it says uses less data at a fraction of the cost of incumbent services. By Monday, the assistant had overtaken U.S. rival ChatGPT in downloads from Apple's app store. This led the tech-heavy Nasdaq to fall 3.1% on Monday. Nvidia was the Nasdaq's biggest drag, with its shares tumbling just under 17% and marking a record one-day loss in market capitalization for a Wall Street stock, according to LSEG data. Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September.

Subscribe to enjoy similar stories. The Nifty 50, India's benchmark index, extended its losing streak for a second consecutive session on Monday, 27 January, closing below 22,829.15. The index opened the day with a gap-down at 22,940 and remained range-bound between 22,786 and 23,007.

Subscribe to enjoy similar stories. The continuing slide of the Indian markets on Monday saw dollar returns of foreign investors all but wiped out since the general election results day low of 4 June. Benchmarks NSE Nifty and BSE Sensex, buffeted by sustained foreign investor selling amid a US tech rout, fell more than 1% each on Monday, even as the BSE Dollex 30 fell 1.29% due to a weaker rupee.

Wall Street is tumbling Monday on fears that the market’s winners who have feasted on the artificial-intelligence frenzy are under threat from a competitor in China that can do similar things for much cheaper.

The Bank of Canada is being pulled in a few different directions ahead of its first interest rate decision of the year on Wednesday.

Asset Management (WAM) on Monday announced the acquisition of Batlivala & Karani Securities and Batlivala & Karani Finserv for Rs 1,884 crore, including Rs 200 crore in cash and cash equivalents. B&K is a mid-cap brokerage that primarily caters to institutional investors and also provides corporate treasury services to its clients. The company is supported by a team of over 300 professionals.

ACC’s profit doubled on year in the December quarter, aided by robust volume growth, a moderation in fuel costs and a refund related to government grants. The cement maker posted a consolidated net profit of Rs 1,092 crore for the fiscal third quarter, while revenue from operations rose nearly 21% on year to Rs 5,927 crore. The company sold 10.7 million tonnes of cement during the quarter — its highest ever and up 21% from a year earlier. Sales volume of premium products also increased.

Nvidia Corp. and ASML Holding NV shares plunged early Monday as Chinese artificial intelligence startup DeepSeek appeared to provide comparable performance to Western chatbots at a fraction of the price.

Investors dumped technology stocks in premarket trading Monday, sending U.S. indexes sharply lower after Chinese artificial intelligence startup DeepSeek demonstrated a chatbot that it says rivals the top versions from OpenAI and Google for a fraction ...

Nvidia, Oracle and other Artificial Intelligence firms are experiencing an unexpected jolt Chinese startup DeepSeek's AI Assistant on Monday became the top-rated free application available on Apple's App Store in the United States overtaking rival ChatGPT, according to reports.

Remittix have given crypto analysts the belief that trending altcoins Solana (SOL) and SUI are set for significant upticks. These analysts have also identified Remittix (RTX) as one of the foremost crypto coins to buy due to its growth potential in this market cycle, as revealed by its ongoing initial coin offering (ICO). Even Solana and SUI investors are investing in the $RTX presale. Solana price prediction

Subscribe to enjoy similar stories. DeepSeek said training one of its latest models cost $5.6 million, compared with the $100 million to $1 billion range cited last year by U.S. rival Anthropic.

stood among the top gainers.

Benchmark NSE Nifty closed 263.05 points down at 22829.15 amid selling in frontline bluechip counters.

Domestic benchmark index NSE Nifty ended 263.05 points down at 22829.15, while the BSE Sensex closed 824.29 points down at 75366.17.

Shares of Federal Bank Ltd.(up 1.62 per cent), ICICI Bank Ltd.(up 1.56 per cent) and State Bank of India(up 0.68 per cent) ended the day as top gainers in the pack.

China Vanke Co.’s chairman and chief executive officer will both resign in an abrupt move after the embattled developer warned of a record 45 billion yuan ($6.2 billion) loss for 2024. Chairman Yu Liang applied to resign due to “work adjustment reasons,” but will remain as a director of the company, Vanke said in a filing to the Hong Kong stock exchange on Monday.

In an exclusive ETMarkets Livestream interview, Subho Moulik, Founder & CEO, Appreciate — a leading expert in global market investments, shares valuable insights into why Indian investors are increasingly turning to the US markets. With a focus on diversification, high-return potential, and exposure to cutting-edge sectors like AI, biotech, and semiconductors, Moulik outlines the growing appeal of the US as a key investment destination. He also discusses the impact of political shifts, currency fluctuations, and emerging trends, offering a comprehensive view of how Indian investors can benefit from diversifying their portfolios internationally. Edited Excerpts – What factors are driving the trend of Indian investors increasingly looking to invest overseas, particularly in markets like the US? Subho Moulik: Let’s start with the fundamentals as to why the US is attractive and increasingly appealing to Indian investors.

«Within consumption, people have slowed down on the staples kind of consumption, but they have still, at least in the last quarter, continued to do discretionary consumption,» says Rohit Agarwal, Kotak Mahindra. And today we will be talking about the consumption space because given the fact that you are seeing a slowdown in urban consumption, once upon a time you had talks about rural consumption being under pressure but now that weakness has actually creeped into the urban consumption as well and how should one actually look at the space? Rohit Agarwal: Well, as you very rightly said that maybe for the last seven to eight quarters we were talking about weakness in rural consumption, but in the last two to three quarters we have heard or seen a decisive slowdown in urban consumption.

Adani Wilmar's third quarter profit soared 104% year-on-year (YoY) to Rs 411 crore, while revenue from operations increased 31% YoY to Rs 16,859 crore. On a sequential basis, net profit jumped 32% from Rs 311 crore reported in the preceding September quarter. Meanwhile, revenues rose 17% quarter-on-quarter.

Waaree Energies fell as much as 9.4% on Monday, reaching Rs 2,030 on the BSE, as investors fled renewable energy stocks amid concerns about the policy direction under U.S. President Donald Trump. The decline comes as fears mount over increased tariffs on solar imports and a potential rollback of pro-renewables legislation in the U.S., a key market for Indian solar exporters. The broader renewable energy sector was caught in the downdraft, with Adani Green Energy slipping nearly 3% to Rs 983, Premier Energies shedding 4.8% to Rs 952, NTPC Green Energy dropping 4.3% to Rs 107.35, and Suzlon Energy declining 5% to Rs 49.94.