IT sell-off rattles India’s stock market with all but five Nifty 50 stocks in red| Business News

India’s IT heavyweights dragged down the stock market today, tracking a 2% drop in Wall Street, on concerns that AI is set to disrupt their business model. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) The 30-share BSE Sensex fell as much as 1.07%, or 903.17 points, to 82,771.75 points while the […]

Gold rebounds on safe-haven demand as risk-off mood rattles markets| Business News

Gold rebounded as investors sought safety following a slump in global stocks due to concerns around elevated valuations. Gold is about 50% higher year-to-date, with prices touching a record last month before retracing some gains. (AFP) Spot gold prices rose toward $4,000 an ounce, after falling almost 2% in the previous session as the dollar […]