Monday, September 07
As tech companies gear up to borrow hundreds of billions of dollars to fuel investments in artificial intelligence, lenders and investors are increasingly looking to protect themselves against it all going wrong.Banks and money managers are trading more derivatives that offer payouts if individual tech companies, known as hyperscalers, default on their debt. Demand for credit protection has more than doubled the cost of credit derivatives on Oracle Corp.’s bonds since September. Meanwhile, trading volume for credit default swaps tied to the company jumped to about $4.2 billion over the six weeks ended Nov. 7, according to Barclays Plc credit strategist Jigar Patel. That’s up from less than $200 million in the same period last year.“We’re seeing renewed interest from clients in sing
Nifty reversed its losses in the final hours of trade to finish positive for the fourth day in a row, led by financials, pharma, and FMCG stocks, notwithstanding selling pressure in the auto and IT sectors. The late rally surprised many but was likely triggered by a resounding NDA win in Bihar. Nifty found support around the 50-EMA on the hourly chart before the sharp intraday recovery, said Rupak De, Senior Technical Analyst at LKP Securities. He expects the current sentiment to remain strong, with the potential to move towards 26,200/26,350 in the short term. "Though meaningful resistance is placed around 26,000, the magnitude of the late-session recovery indicates a smart upside move in the coming days. On the lower end, support is placed at 25,700, and as long as the index holds above
