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The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.
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News and Media
Indian equities surged on Monday, driven by optimism surrounding potential GST simplification, leading to short covering in sectors like auto and FMCG. The Nifty and Sensex both experienced gains, fueled by positive domestic investor activity and a slight decrease in market volatility. Consumption-based stocks led the rally, with Maruti Suzuki emerging as a top gainer.
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News and Media
Despite recent underperformance, wealth managers suggest high-risk investors consider the Nifty IT Index Fund or ETF, staggering investments over 2-3 months. Factors like a high margin of safety, attractive dividend yield, rupee depreciation, and potential easing of tariff concerns create an opportunity. The IT index has fallen significantly, presenting a potential upside with limited downside.
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News and Media
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