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Asian stocks mirrored Wall Street's gains, driven by growing confidence in a potential Federal Reserve interest-rate cut in December and a rebound in technology shares. This optimism follows Fed Governor Christopher Waller's signal of support for a rate reduction, suggesting November's pullback may set the stage for a December rally.
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News and Media
Foreign investors are selling Indian IT shares heavily. This trend continues as valuations remain high and AI opportunities are missed. Other sectors like consumer services and healthcare also saw selling. Delays in the US-India trade deal are a factor. Telecommunication sector received inflows due to a large deal. Oil & gas and 'Others' saw purchases. Investors remain cautious on India.
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News and Media
Investors may consider increasing their stake in Indian IT companies. Valuations are now attractive after a period of underperformance. Spending on Generative AI services is expected to pick up in the coming quarters. The Nifty IT index has lagged the benchmark Nifty. This presents an opportunity for selective and gradual portfolio adjustments.
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News and Media
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