Advanced Micro Devices and Tata Consultancy Services have deepened their strategic partnership to introduce a next-generation AI-ready data centre architecture in India.
Advanced Micro Devices and Tata Consultancy Services have deepened their strategic partnership to introduce a next-generation AI-ready data centre architecture in India.
Several stocks remained in the spotlight in today’s session, including Ola Electric, Torrent Pharma and GMR Airports. Market participants tracked company-specific developments and earnings expectations.
Midcap stocks witnessed mild profit booking in the latest session after the sharp rally seen earlier this month. The midcap index underperformed the frontline benchmarks.
Public sector stocks continued to see stock-specific movement, with select counters attracting buying interest while others remained subdued. The broader PSU basket showed mixed undertone.
Automobile stocks traded in a narrow band in the latest session as investors stayed cautious ahead of upcoming monthly sales numbers. Most frontline auto counters ended with marginal moves.
Information technology stocks witnessed selective accumulation after the recent bout of profit booking. Frontline IT names saw mild recovery as investors looked for value at lower levels.
Shares of Tata Steel edged higher in the latest session, outperforming the broader indices. The stock showed resilience as metal counters remained relatively stable despite global commodity volatility.
State Bank of India continued to witness buying interest in recent trade, with the stock holding firm near its 52-week high. The counter remained active despite a range-bound broader market, indicating sustained institutional confidence.
Market participants attribute the resilience to stable asset quality trends and healthy credit growth outlook. PSU banking stocks have been seeing selective accumulation in recent sessions.
Analysts expect the stock to remain stock-specific in the near term, with investors closely tracking loan growth momentum and margin trajectory.
Shares of Tata Steel edged higher in the recent session, outperforming the broader market trend. The stock rose marginally even as the Sensex closed in the red, highlighting relative strength in the metal major.
In a significant development, the Delhi High Court dismissed a petition challenging the market regulator’s clearance for the National Stock Exchange (NSE) IPO. The court observed that the plea appeared aimed at obstructing the listing process.
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