The Latest Breaking News from Stock Market

Nasdaq Futures Slump as Chip Selloff Rages On; S&P 500 Futures Muted After Big Bank Earnings

December Nasdaq 100 E-Mini futures (NQZ26) are down -0.72% this morning as investors continued to ditch chipmakers amid mounting worries about the AI trade.

Barchart · Oct 13

Global Market: Eurozone bond yields fall as tech stock selloff boosts safe-haven demand

Eurozone government bond yields decline as renewed turbulence in technology stocks drives demand for safe-haven assets. Germany’s 10-year yield falls to 3.43%, while US Treasury yields also retreat. However, fiscal concerns and interest-rate uncertainty continue to cloud the outlook for global bond markets.

The Economic Times · Oct 13

A falling stock is not always cheap: Kotak explains the role of earnings and valuations

Kotak Institutional Equities argues that stock prices are driven by earnings expectations and PE multiples rather than market flows or liquidity. Rebutting myths about FPI outflows and IPOs draining secondary market cash, the brokerage highlights business fundamentals and mental DCF valuations as the true price drivers.

The Economic Times · Oct 13

India's power sector profits likely to grow up to 11% in Q2FY27 on strong demand: Report

India's power sector is expected to post up to 11 per cent year-on-year (YoY) profit growth in Q2FY27, driven by strong electricity demand, higher plant load factors and potential incentives for thermal power producers, according to Nuvama Institutional Equities.

The Economic Times · Oct 13

Nifty 50 at 26,500 in 4-5 months? Monarch Networth CEO points to 3 key triggers

Nifty 50 could reach 26,000-26,500 within four to five months, driven by cooling US Treasury yields, dollar weakness, and FII short covering, according to Monarch Networth Capital CEO Gaurav Bhandari. Strong monthly domestic inflows of Rs 31,000 crore provide additional support for valuation re-rating.

The Economic Times · Oct 13

AI investors or casino gamblers? What Broadcom CEO Hock Tan said that sparked sharp global AI selloff

Global AI stocks plunged after Broadcom CEO Hock Tan warned that investors are treating artificial intelligence like gambling, raising concerns about excessive valuations and unsustainable spending. He questioned OpenAI’s long-term profitability despite strong revenue growth. South Korea’s Kospi and Japan’s Nikkei declined, while Indian IT stocks rallied amid the global…

The Economic Times · Oct 13

The world's largest crypto exchange says its users are asking for the top 10 stocks in Asia

Several cryptocurrency exchanges are transforming themselves from apps devoted to coins into platforms handling different asset classes.

Fortune · Oct 13

AI traders behaving like casino gamblers? What made chip trade toxic and why that’s good news for India

Global AI stock enthusiasm hit a roadblock as South Korea's Kospi plunged 7.4% on chip competition concerns and Broadcom's warning on AI spending. Conversely, Indian IT stocks surged, adding Rs 26,000 crore in market cap as investors rotated into services over semiconductor hardware exposure.

The Economic Times · Oct 13

SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflows

According to SBI Research, removing the long-term capital gains tax on equities could revitalize investment levels. The report emphasizes extending the holding period to two to three years as a strategy to boost investor morale. Faced with foreign portfolio outflows, the need for policy reforms is clear.

The Economic Times · Oct 13

Rs 26,340 crore added in minutes! Why HCL Tech, TCS and other IT stocks rallied up to 7%

Indian IT stocks rallied up to 7%, with the Nifty IT index gaining 3.3%, as concerns over rising AI investment costs and uncertain returns rattled global technology stocks. Broadcom and Intel executives flagged capital constraints, prompting investors to reassess the AI boom. Separately, OpenAI told investors its September annualised revenue…

The Economic Times · Oct 13