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2026-02-28 05:35:58| The Economic Times

European shares hit a record high, marking their longest monthly winning streak since 2012-2013, buoyed by positive corporate updates. However, heavyweight banks experienced a significant decline due to concerns over private credit markets and potential AI disruptions. Defensive sectors like healthcare and food and beverage saw gains as investors sought stability.

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2026-02-28 05:33:56| The Economic Times

The Nifty IT index plunged 19.5% in February, its steepest monthly drop since 2008, as AI disruption fears and new tools from Anthropic triggered heavy selling. Tech stocks erased Rs 5.7 lakh crore in market value, with Coforge and LTIMindtree among the worst hit.

Category: News and Media

2026-02-28 05:26:33| The Economic Times

Global stocks saw a dip on Friday. Concerns over AI's impact and high tech valuations weighed on markets. Meanwhile, rising US-Iran tensions pushed oil prices higher. Sterling also experienced a fall following a Labour election defeat. Investors are closely watching these developments.

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