Asian markets traded mixed on Wednesday due to fading AI momentum, elevated oil prices, and inflation concerns, with Japan's Nikkei 225 edging up and South Korea's Kospi gaining.
NACHRICHTAIAmit Khurana of Dolat Capital upgraded India's IT sector, citing low valuations and rupee depreciation. He anticipates double-digit net earnings growth for IT exporters by FY27 and backs LTIMindtree, OFSS, eClerx Services, and Intellect Design Arena.
NACHRICHTAIThe Federal Reserve may remove its "dot plot" interest rate forecasts, signaling a potential policy shift under new Chair Kevin Warsh. Markets are bracing for a more unpredictable rate environment amid inflation pressures from an AI boom and the Iran war.
NACHRICHTAIIndia's Ministry of Mines is set to launch a new policy offering incentives for lithium and nickel processing, with an estimated outlay of Rs 3,000 crore. This initiative aims to bolster the domestic electric vehicle supply chain and support the nation's ambitious EV penetration goals by 2030.
NACHRICHTAIIndia's government is set to introduce standardized pack sizes for edible oils to enhance price transparency, fair competition, and consumer confidence. The move also aims to promote sustainable packaging practices by reducing material consumption and streamlining manufacturing.
NACHRICHTAIIndian consumers are increasingly concerned about jobs and the economy, leading to reduced discretionary spending. Despite financial worries, travel plans and spending on experiences remain robust.
Alphabet CEO Sundar Pichai announced a $45 billion equity offering, oversubscribed with Berkshire Hathaway investing $10 billion, to fund AI compute build-out. The company plans to raise an additional $40 billion via an at-the-market program, bringing the total to $85 billion.
