Sunday, April 27
Nvidia is defending its competitive strategies as US antitrust authorities investigate potential violations in the AI chip market. The company claims success based on merit while major tech firms use its chips for AI models. Nvidia's shares dropped sharply following these reports and a recent earnings miss.
Stock market today: The NSE Nifty 50 and the BSE Sensex ended the session flat at 25,279.85 and 82,555.44 points, respectively. The Nifty 50 had previously experienced a 4.7% gain over a thirteen-session rally, its longest streak ever, until Monday.
Stock market today: BSE Sensex and NSE Nifty50 reached new all-time closing highs on Monday, driven by foreign fund inflows and a strong performance in US markets. Sensex climbed 194.07 points to close at 82,559.84 and Nifty50 gained 42.80 points to end at 25,278.70.
Mahindra & Mahindra reported a 9 per cent increase in total wholesales for August, totaling 76,755 units. Domestic passenger vehicle sales rose 16 per cent to 43,277 units, and exports surged 26 per cent to 3,060 units. Tractor sales increased marginally by 1 per cent, with 21,917 units sold. The company expects future growth due to favorable agricultural conditions.
RBI Governor Shaktikanta Das anticipates that India's GDP growth will meet the projected 7.2% for this financial year, driven by favorable monsoon conditions and higher government spending. The first-quarter growth dipped to 6.7% due to reduced government expenditure related to elections. However, he remains optimistic about achieving the annual projection.
