TRADE RITE
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916
NIFTY IT : After a long time NIFTY IT is on up trend. Traders can focus on this sector with short term view. Preferred stocks : HCLTECH, INFY, TATAELXSI. Will add more later. But these were beaten down stocks in the recent correction and expected to bounce sharply.
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WIPRO: CO. TO ACQUIRE 20% STAKE IN https://FLARRE.AI TO STRENGTHEN AI CAPABILITIES IN GLOBAL INSURANCE SECTOR
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VIKRAM SOLAR: SECURES A 187 MW MODULE SUPPLY ORDER FOR SOLAR PROJECTS IN KARNATAKA AND TAMIL NADU
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ONLY NIFTY IT is doing good. Mid and Small cap are underperforming today. We don't see great fresh buying opportunities at this time.
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War update: Iran’s Islamic Revolutionary Guard Corps said it sank cargo vessels it accused of transiting an unauthorised route through the Strait of Hormuz. Oil prices hover around $ 104/barrel. Asian equities tumbled on Thursday, with South Korea's Kospi falling 7.33% and Japan's Nikkei 225 losing 3.11%, as a sell-off in technology stocks spread from Wall Street to regional markets. Semiconductor companies led the losses as investors reassessed the outlook for artificial intelligence spending amid persistent inflation and the prospect of higher US interest rates.
