OpenAI, Google and **Perplexity have launched an unprecedented competition in India by offering free and heavily subsidised AI services to attract users and gather valuable multilingual training data, according to Reuters.
OpenAI, Google and **Perplexity have launched an unprecedented competition in India by offering free and heavily subsidised AI services to attract users and gather valuable multilingual training data, according to Reuters.
Alert: Indian markets are struggling to react to positive macro cues like strong GDP growth and a softer RBI stance because fresh equity supply is flooding the system. With India crossing 100 IPOs this year and nearly Rs.2 lakh cr. of new equity hitting the market, plus heavy stake sales by PE firms and promoters, the total supply may cross Rs.6 lakh cr. This “unrelenting supply” is overwhelming demand and capping market upside.
NIFTY OUTLOOK: 25818.55 FII 1171.71 cr DII 768.94 cr
As discussed yesterday, market behaviour remained on the expected lines during the day. The Nifty opened near our level of 25910 (opened at 25902.40), made a minor upside move, and then slipped to the day’s low of 25770.35, close to our support of 25761. On closing, it settled near our level of 25810, ending the day at 25818.55.
FIIs sold 1225 cr in Nifty futures and bought Rs.297.63 cr in Bank Nifty.
1. FIIs net long position is 8.10%
2. VIX is at 9.83 (-2.29%)
3. PCR is at 0.58
4. FIIs bought Rs.1171.70 cr in the cash segment and sold Rs.1508 cr in index futures and Rs.835 cr in stock futures.
5. Open interest position
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