- 1 week ago
As artificial intelligence transforms the technology landscape, IT stocks remain in sharp focus. Investors are closely watching expert opinions to understand whether current valuations reflect AI risks or if further swings are likely.
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00:11Good afternoon, you're with us here on the Business Today show.
00:13I'm coming down to market closing with you.
00:16This is Abha Bukhaya.
00:17Let's take you through the headlines at this time.
00:21Bloodbath in IT stocks, nifty IT index tanking over 10% in two sessions
00:26as AI fears grip tech investors.
00:29Meanwhile, AI company Anthropic closes a $30 billion funding round
00:33at a $380 billion valuation,
00:37more than that of the combined market cap of all 10 Indian companies in the IT index.
00:46Markets witness a sharp sell-off as the Sensex tumbles 900 points near $82,700
00:52and the Nifty slips 300 points to around $25,500.
00:57IT and metal stocks lead the decline with AI disruption fears,
01:01intensifying the pressure for a second straight session.
01:09Rafael Megajet order to supercharge make in India.
01:12Defense Secretary Rajesh Kumar Singh says the $3.25 lakh crore order will have 40-50% localization
01:19under a government-to-government deal with France.
01:21This will also be the first time that the Rafael fighter jet will be made outside of France.
01:26HAL is up 2% in trade today.
01:33Big relief for commuters and transporters from February 15th.
01:37Toll charges on partially operational expressways will be cut
01:40as the centre removes the 25% premium until corridors are fully complete.
01:45The move aims to boost usage, ease congestion on parallel highways
01:50and speed up logistics movement.
01:56Delhi gears up for the AI Impact Summit 2026 from February 16th to 20th at Bharat Mandapam,
02:02drawing the world's top tech CEOs including Sundar Pichai, Sam Altman and Jensen Huang.
02:08Prime Minister Narendra Modi and other world leaders will also address the mega-gathering.
02:20It's all about AI this week and especially today
02:23with markets of course tanking on the back of all those fears around AI
02:28and just on the anvil is that mega-AI summit.
02:31Global leaders will be gathering here and we'll see what insights and dialogue
02:35also come out of that, what kind of statements.
02:37Remember, Anthropic has sealed a huge fundraise, 30 billion.
02:41The Nifty IT Index down 1.5% as there are genuine fears
02:45of the latest AI tools really completely wiping out
02:49some of the existing practices that exist.
02:52We've got Wipro down 2.5%.
02:54Let's pull up TCS, Infosys.
02:56Some of these saw heavy selling in the first half of the day.
02:59Let's take a look at where they're at right now.
03:01But the main pressure on the index is coming in from IT.
03:04TCS also recovering a little bit, down about 2% still
03:08and the Nifty down over 300 points currently.
03:11HCL Tech also down about 1.5% right now.
03:13Sneha Podha is joining us, Vice President, Research Analyst,
03:16B&DA at Motilao Oswal.
03:18Sneha, good afternoon.
03:20Really can't take our eyes away from what's happening on the IT front.
03:24And while, of course, we've seen IT underperform overall for the past year,
03:28despite decent set of results, guidance,
03:31some amount of commentary on how they're coping with changes on the AI front,
03:35markets have just completely battered these talks.
03:40So, see, basically, this was known to the market that AI's threat is there
03:49to the overall IT services industry.
03:52And, like, you know, for past, like, two years,
03:57we have been seeing that the IT stocks have been underperforming.
04:01And now with the kind of commentaries that are coming out
04:03from the various global companies,
04:08that is kind of, like, you know,
04:11strengthening the pitch that the threat is for real.
04:15So, there's no denying that the threat is there.
04:17But then what we believe is that this was already known to the market.
04:22But how the IT services companies will, like, you know,
04:26I mean, we will definitely,
04:28we have to monitor the situation over the next, like, you know,
04:32year to get the exact clarity with regards to how this will disrupt
04:37the overall industry, to what extent the disruption will be there.
04:41But what we believe is that the, like, you know,
04:45over next three to six months,
04:48when the companies finalize their budget for the next financial year.
04:55So, probably at that point in time,
04:57the new deals will get announced on the AI front.
05:03And that will actually, like, you know,
05:06will be a key monitorable.
05:08Those would be the short cycle deals that will, like, you know,
05:13will start coming out.
05:16So, Sneha, you're not completely giving up on the IT pack yet,
05:19because we have some segment of the market
05:21that's walking away altogether.
05:23Both will be complementary.
05:25I mean, we cannot completely do away with IT services.
05:28Obviously, IT services companies will be impacted.
05:31But then, I mean, their support is required
05:34for the rollout of these AI projects.
05:36So, now, how, like, you know, that will happen gradually
05:40over, like, you know, next few years,
05:42that we'll have to see and monitor.
05:44But I believe the, I mean, whatever beating down had to happen,
05:48that has happened.
05:50I mean, further downside from here seems to be limited
05:53because valuations now is really mouth-watering at these levels.
05:57Right.
05:57So, like, you know, one can actually, like, you know,
06:00be at least assured that from here onwards,
06:03the downside will be quite capped.
06:06Okay.
06:07Downside cap, but markets not looking particularly excited
06:10about the trajectory on some of those IT majors.
06:13We've got weakness coming in across the board,
06:15even otherwise, on names like an HUL,
06:18Eternal, Tata Steel, Power Grid.
06:20HUL is down 4.5%.
06:21Eternal is down 4.5%.
06:23HUL, of course, results impact coming in,
06:26and I'll talk you through that in just a moment.
06:27But let me also take you through some breaking
06:29that's coming in on your screen.
06:31Reliance has bagged rights to Venezuelan oil,
06:34and a report says that the U.S. has issued licenses to Reliance.
06:38Reliance can now buy Venezuelan oil directly.
06:41U.S. is weaning India away from Russian oil,
06:44or so is the interpretation.
06:46The license covers purchase, import, and refining.
06:49Remember, any gray area really had been left
06:52around the purchase of oil and move away from Russia.
06:55And now the latest coming in according to reports
06:57saying that Reliance has bagged the rights
06:59to Venezuelan oil.
07:00The U.S. has issued a license to Reliance
07:02to buy directly,
07:05and this is seen as a move to wean India away
07:08from Russian oil.
07:10License will cover purchase, import, and refining.
07:13That's the latest coming in when it comes to crude
07:17and really where India is looking to source it from.
07:20Let's pull up RIL for you as well on your screen.
07:22It's still negative today,
07:23but this is where it's at right now
07:25in terms of the oil story.
07:28So that's the big breaking news for you at this hour.
07:30I want to come back to HUL on your screen as well.
07:33While brokerages have not entirely,
07:36you know, haven't really reversed their views
07:38on the counter,
07:39but we've seen two days of a downtrend
07:41following their Q3 scorecard.
07:43And even today, we saw a huge amount of
07:46a route on HUL,
07:47as you can see there on your screen.
07:49Sales were up about 6%,
07:51net profit at 6,603 crores.
07:54JM Financial has actually said add further,
07:57viewing it as a stable quarter,
07:59but clearly the markets have read it as a miss.
08:01And there was a fair amount of de-stocking that happened.
08:05So, Sneha, just to get your view on HUL right now,
08:09is this just a seasonal trend?
08:10And why are markets kind of looking into the numbers
08:13in such a harsh manner?
08:15What's your view on HUL?
08:17Would you add at these levels?
08:19See, overall, I mean, the numbers were okayish,
08:22but what we are actually like, you know,
08:25looking into the companies are the commentary
08:27which has come out from the management.
08:28That seems to be quite positive.
08:32And thus, we are actually like, you know,
08:34quite bullish with regards to FI 27 growth trajectory.
08:39Moreover, like, you know,
08:40if you like, you know, look at their overall strategy,
08:43which they have laid out,
08:45so that seems to be quite positive.
08:48And that points that the growth will rebound for them.
08:52So, I mean, though there could be some sort of pressure
08:56on the margins in the near term,
08:59but then once these strategies,
09:01they start like, you know,
09:03underplaying over the next few quarters,
09:06then the operational,
09:08the efficiency will start kicking in
09:10and that will start reflecting in the overall numbers
09:13and more with the GST,
09:15the impact of GST will become more prominent
09:20in the upcoming quarter.
09:21So, we believe that the growth should pick up
09:25from here onwards.
09:26So, that's what we're reading positive
09:28into the management commentary.
09:31Okay.
09:32All right.
09:33So, lots of brokerage views coming in on HUL
09:34just to run you through as well.
09:36Jefferies has retained a buy.
09:37Goldman has maintained its buy
09:39but trimmed the target price a touch.
09:41And overall, essentially,
09:44everyone's watching out for growth to pick up.
09:46So, while there has been acknowledgement,
09:48for example, of its quick commerce channel,
09:51overall, looking at volumes
09:53and looking at some amount of gross momentum picking up,
09:56that really seems to be the consensus view.
09:58But as Neha also said,
10:00it's really waiting and watching
10:01for that demand recovery,
10:02particularly post some of those moves
10:05like the GST cut.
10:07All right.
10:07More news coming in on your screen.
10:09Highway commuters and logistics operators
10:11are set to get a big relief from Feb 15th.
10:14The center will be cutting toll
10:15on partially operational expressways,
10:18removing the 25% premium
10:20until corridors are fully complete.
10:22Let's go across to Chetan Bhatani.
10:23He's joining us with more details
10:24on what this will mean for road users
10:26and also traffic flow.
10:28Chetan?
10:29What about you?
10:30Actually, well, yes, Abha.
10:31You know, very clearly,
10:32what it means for the consumers
10:34is that new expressways
10:35and highways that are being constructed,
10:38the consumers traveling on that commute
10:39and that would definitely
10:40give a discount on the toll
10:42because, for example,
10:43if you travel daily to Bombay
10:44from the new expressway,
10:46you pay a whole lot of toll
10:47for the completed highway.
10:48But it's not completed yet.
10:49So, the consumers would now pay less
10:51as per the distance they travel
10:52because as per the rules have ended,
10:54the government only wants you to pay
10:55how much you travel
10:56and, of course,
10:57for the partially completed highway
10:59and not for the fully expressway
11:00and for the full length
11:01of the expressway that's concerned.
11:03So, yes, it's valid
11:04across all the new highways
11:05and expressways
11:06that are being under construction
11:07and not for the older highways
11:08that are already in process
11:10and in undergoing.
11:11But, yes, a big relief
11:12for the consumers
11:13who are using new highways
11:14and this is a shift
11:16that the government really wants
11:17to enable the consumers
11:19to use the new highways
11:20because, of course,
11:21it's better than infrastructure,
11:22it's better than logistics
11:23and, of course,
11:24thereby reducing
11:25the logistics cost as well.
11:26So, clearly,
11:27a good measure
11:28for the consumers
11:29would be getting
11:30about 15 to 20-odd percent relief
11:31in their daily toll purchases as well.
11:35All right, Chetan.
11:36Thanks so much
11:36for joining us with that.
11:38Now, the U.S. President,
11:39Donald Trump,
11:40plans to scale back
11:41some tariffs
11:42on steel and aluminium goods.
11:43This is according
11:44to the Financial Times.
11:46With the matter,
11:47of course,
11:48officials that are familiar
11:49with the matter
11:49saying that
11:51that when it comes
11:52to the Commerce Department
11:54and U.S. trade representatives,
11:55that office,
11:56they believe the tariffs
11:57are hurting consumers
11:58by raising prices for goods,
12:00including pie tins
12:01and food and drink cans.
12:03That's the latest coming in,
12:05according to the Financial Times,
12:06reporting that
12:07the U.S. President,
12:08Donald Trump,
12:09plans to scale back
12:10some tariffs
12:10on steel and aluminium goods.
12:13Officials in the Commerce Department
12:15and U.S. trade representatives
12:16believe that the tariffs
12:18are hurting consumers
12:19by raising prices for goods,
12:22including things like pie tins
12:24and food and drink cans.
12:26That's according
12:26to the Financial Times.
12:27Now, remember,
12:29this is interesting
12:30because this was anticipated
12:31by a whole host of economists
12:33during the ongoing trade war
12:35saying that eventually
12:36it will be U.S. consumers
12:37that are hurt the most.
12:38And clearly,
12:39this is now what's coming out
12:40with the trade representatives
12:42within the U.S. itself
12:43talking about how prices
12:45are now starting
12:46to hurt consumers.
12:47So, an interesting turn of events
12:49and let's see
12:49how Trump actually goes ahead
12:52and manages
12:52the tariffs
12:53on the back of this.
12:55Sneha,
12:55just counting down to close now.
12:57We're at about 22,
12:58so a few minutes to go.
12:59We're seeing,
13:00of course,
13:01a huge slip also
13:02in other names
13:02like in Eternal today.
13:04Hindalco was also
13:05looking weak
13:05for other reasons,
13:06results and novelists,
13:08both factors over there.
13:10But from the broader markets
13:11as well,
13:12anything that stood out to you
13:14in terms of earnings
13:15or otherwise
13:16and that you're looking at?
13:19Okay.
13:20See,
13:20from the earnings
13:22point of view,
13:23I mean,
13:23like some of the pharma companies
13:27declared really good
13:28set of numbers
13:29and that's why
13:29we've seen
13:30a good momentum
13:31in the overall pharma names.
13:33Like, you know,
13:34Lupin yesterday
13:34came out with
13:35good set of numbers.
13:36IPCA today
13:37has declared
13:38good numbers.
13:39Biocon numbers were weak,
13:40but then the commentary
13:41which came out
13:42from the Biocon management
13:43was pretty strong.
13:44So, more or less
13:45on the pharma side,
13:47I mean,
13:47except for one or two names
13:49which I,
13:49like, you know,
13:50remember
13:50wherein the numbers
13:52has not been
13:53very good.
13:54The overall sector
13:56has done
13:57really well.
13:58Today,
13:59the Siemens Energy
14:00numbers
14:00has clearly,
14:01like, you know,
14:03clearly stands out.
14:05The stock had,
14:07like, you know,
14:07was highly beaten down
14:09because of the,
14:11because of the,
14:12some of the news flows
14:13around the China
14:15getting stricter,
14:18implementing stricter rules
14:19and probably the Chinese
14:20competitors
14:21entering the Indian market.
14:23So,
14:24so the stock
14:25was highly beaten down,
14:27but with the good
14:27set of numbers
14:28that has come in,
14:29we saw good momentum
14:30in that stock.
14:32So,
14:33like, you know,
14:34overall,
14:34from the broader
14:35market perspective,
14:36the small caps
14:37has seen good recovery
14:39in this quarter.
14:40So,
14:40compared to Q1,
14:41Q2,
14:42wherein the small caps
14:43were really underperforming,
14:44this quarter has been,
14:46like, you know,
14:47this was what we were
14:48actually anticipating also
14:49that there would be
14:50some recovery
14:52in the small cap stocks
14:54in terms of
14:55the Q3 numbers
14:56and that's what
14:57we've witnessed.
14:58So,
14:58while the large cap
14:59and the mid cap,
15:00the overall profit growth
15:02was in,
15:03like, you know,
15:04around 10 to 15%,
15:05but for these small caps,
15:07the growth has been
15:09pretty sharp
15:10and they have recovered
15:11about, like, you know,
15:1230% kind of growth
15:13we have seen
15:15across, like, you know,
15:16majority of the names.
15:17So, that is a very
15:19positive signal
15:20for the upcoming quarters
15:22and that gives us
15:23some sort of confidence
15:24for the overall market
15:27for the upcoming year.
15:30All right.
15:31So, some silver lining
15:32when it comes to the
15:33broader markets,
15:34according to Sneha.
15:35Well, talking about pharma,
15:37the much-followed
15:37pharma track report
15:39for January
15:39on the pharma industry
15:41shows your peak
15:42just behind Monjaro
15:44in the blockbuster
15:45new introductions list.
15:46Now, your peak
15:47is Cip Plus' branded
15:48version of Triseptide
15:50and seems to have
15:51caught the market's fancy
15:53within just three months
15:54of its launch.
15:55The other blockbuster
15:56introduction in the list
15:57include Vigavi,
15:58Ozempic and Lokelma.
16:00Vigavi and Ozempic
16:01are semaglutides
16:03used for treating diabetes
16:04and now for weight loss.
16:05Lokelma is a medicine
16:06to treat high potassium
16:08levels in adults
16:08in a condition called
16:10hyperkalemia.
16:11Interestingly,
16:11the sales of these
16:12new-age weight loss
16:13and anti-diabetic drugs
16:14are just limited
16:16to the big cities.
16:17The study says
16:18a deeper reach
16:18in Tier 2 and Tier 3 cities
16:20have accelerated momentum
16:21and expanded access
16:22for these new drugs.
16:24A greater push
16:25has also been ensured
16:26by recent price cuts
16:27by the big players
16:28in just the past few months.
16:30So, that's the latest
16:31on the weight loss drugs
16:33and how some of these
16:34are actually, you know,
16:37already jumping
16:37to the top of the charts.
16:39A whole host of new ones
16:40coming into the market.
16:43Switching track entirely.
16:44For the first time,
16:46Rafale fighter jets
16:47will be manufactured
16:47outside France,
16:49marking a major boost
16:50for India's
16:50Make in India
16:51defense push.
16:52The government-to-government
16:53deal ensures
16:54no intermediaries,
16:55full transparency
16:56and 40-50% localization
16:58along with full authority
16:59to integrate
17:00Indian weapons
17:01and systems.
17:02The induction timeline
17:03is also fast-tracked
17:04with Rafale marine jets
17:05expected from 2028
17:07followed by Air Force
17:08Rafale's a year later.
17:10And I want to bring up
17:10HAL today
17:11because that's actually
17:13looking really good.
17:14Keep an eye also
17:15on Bharat Forge.
17:17Defense stocks
17:18are very much
17:20in focus
17:21at the moment.
17:24For the first time,
17:26Rafale aircraft
17:27will be manufactured
17:28outside France
17:29with significant levels
17:31of localization.
17:32We are seeking
17:33a minimum of 40-50%.
17:35I think they've already
17:36offered something
17:37close to 40%,
17:38but our intent
17:39is to take it
17:40to as close to 50-plus
17:41as possible
17:42and we are confident
17:43that we can negotiate that.
17:45So, first time,
17:47Make in India,
17:48Rafale,
17:49outside France,
17:50backed up by a
17:51government-to-government
17:52agreement,
17:53no intermediaries,
17:55no full transparency
17:58in the project itself.
18:00So, Make in India,
18:01G2G,
18:02significant levels
18:03of localization,
18:05full authority
18:06to integrate
18:07Indian weapons
18:07and Indian systems.
18:09These are the sort of
18:10highlights of this program.
18:12End of the day,
18:13it also enables us
18:14to induct fighter aircraft
18:16relatively quickly
18:17because the first
18:18of the Rafale marines
18:20will start coming
18:20in 28.
18:21And after that,
18:22over a period of time,
18:24you will see
18:24from about
18:26three and a half years
18:27from now,
18:27the first of these
18:28Air Force Rafales
18:30will also start coming.
18:31So, hopefully,
18:32in the next,
18:34from 28 onwards,
18:36we'll have
18:36a continuous stream
18:37of Rafales
18:38coming into the Air Force
18:40and the Navy
18:40and beefing up
18:41the depleting strength,
18:42fighter strength
18:43of this country.
18:46Now, Delhi is set to host
18:48the AI Impact Summit
18:492026 from February 16th
18:50to 20th
18:51at Bharat Mandapam,
18:52bringing together
18:53the biggest names
18:54in global tech and AI
18:55from Sundar Pichai
18:56to Sam Altman
18:57and Jensen Huang.
18:58Prime Minister Narendra Modi
18:59will address the summit
19:00and lay ahead
19:00the path for India.
19:02Aishwarya Patil
19:03is going to be on ground.
19:04Aishwarya,
19:05this is a mega summit
19:06like no other.
19:08Global giants
19:09converging here
19:10in the capital
19:11to discuss
19:12all the current
19:13ongoing trends,
19:15insights and more.
19:16Take us through
19:16what's going to be
19:17on the agenda.
19:18Well, next week,
19:20all of the next week,
19:21in fact,
19:22the whole reporter clan
19:25and the anchors
19:26of India Today Group
19:26as well as Business Today
19:27will be on ground
19:28at the India AI Summit
19:30from the 16th
19:31to the 20th.
19:32So, AI is going to be
19:33all the news next week.
19:34As you rightly mentioned,
19:36who is coming
19:37and why this really matters,
19:39this particular
19:40AI Summit matters.
19:41First off,
19:42global tech giants
19:43are going to be there.
19:45You name it,
19:46Sundar Pichai
19:46from Google,
19:47Sam Altman,
19:48OpenAI Sam Altman,
19:49Jensen Huang,
19:50as you mentioned.
19:51There will also be
19:52some diplomatic heavyweights.
19:53Prime Minister Narendra Modi
19:55is also going to be there.
19:56President Emmanuel Macron
19:58is expected
19:59at the India AI Summit
20:00as well.
20:01And some of the
20:02big industry names,
20:04Mukesh Ambani,
20:05Nandan Nilekhani.
20:06We also have
20:07N. Chandrasekhan
20:08of the Tata Group.
20:09Now, there is going
20:10to be a lot of things
20:11on exhibit,
20:12but why this matters
20:13is that as of January,
20:15the India AI Summit
20:16and the investments
20:17flowing into the country,
20:19that has totaled
20:21all the way up
20:22to 70 billion dollars.
20:23And that could even,
20:24by the conclusion
20:25of India AI Summit,
20:26that could go up
20:27to 100 billion dollars
20:28in terms of investments
20:29to the AI ecosystem.
20:32And most importantly,
20:33last but not the least,
20:34the GP AI rules.
20:36As far as artificial intelligence
20:38is concerned,
20:39we will also be deliberating
20:40among all the stakeholders
20:42and some of these tech giants,
20:44global partnership
20:46on artificial intelligence.
20:48Ethics and rules
20:49will also be deliberated
20:50during this AI Summit.
20:52So, we'll keep a track
20:53of all that and more
20:54and bring you
20:55all the updates
20:55through the India Impact AI Summit
20:59next week.
21:01Super exciting.
21:02Aishwarya,
21:03you have a busy week
21:03ahead of you.
21:05Let's take a look
21:05at market closing now
21:06on your screens.
21:07That closing bell ringing in.
21:09Not a great Friday.
21:11We're at 350 points down
21:12on the index.
21:1425458 is where we're closing,
21:15but definitely having recovered
21:17from where we started
21:18earlier in the day.
21:20Sensex, Nifty,
21:22we've got the broader markets.
21:23Everything,
21:23actually almost everything
21:24is down about
21:241.5% to 2% today.
21:26So, it's a sea of red
21:27all around.
21:29Nifty Bank is down a percent.
21:31IT, of course,
21:31was the one where
21:32all that heavy pressure
21:33came in.
21:34And it closed
21:35about 1.5% lower
21:36after, of course,
21:37a terrible, terrible start.
21:39We had Infi down 7-8%.
21:41TCS down 5-6%
21:43at the start of the session.
21:44So, some amount of recovery
21:45coming in there.
21:47We've got financials
21:48also in the red,
21:49pharma in the red,
21:50despite some decent earnings.
21:52But today,
21:53the market overall
21:54saw extremely weak breadth
21:56and therefore,
21:57a sea of red
21:58all around sentiment
21:59was just very, very poor.
22:00Reliance down 2%,
22:01despite, of course,
22:03the yes or okay
22:05on sourcing
22:07Venezuelan oil.
22:08That's news just coming in
22:09and they've received
22:10a license for that.
22:11We had, you know,
22:13few advances,
22:14but it was about
22:141 is to 3
22:15is really how I would put it.
22:17A lot of other stocks
22:18in the market
22:19or the broader markets
22:19also saw a huge sell-off.
22:22Perhaps the market's
22:23using the opportunity
22:24to do some profit booking.
22:25Even on the metals front,
22:27names like Hindalco,
22:28Hindustan Zinc,
22:29some of those names
22:30also sold off.
22:31More losers
22:32from the index on your screen,
22:33coal,
22:34Tata Steel,
22:35Power Grid,
22:36some of these names,
22:36all of them
22:37saw some heavy selling
22:38coming in.
22:38And from the broader markets,
22:40while there were
22:41like a few bright spots,
22:42I think the day
22:42was definitely for the bears.
22:44And we call it profit booking
22:45or call it,
22:46you know,
22:47an opportunity
22:47for some people
22:48to just kind of
22:50re-juggle their portfolio
22:51or for some
22:52to really see
22:53an erosion of wealth.
22:54It was quite,
22:55you know,
22:56a messy day
22:57for markets overall.
22:59Sneha,
22:59just want to get
23:00your strategy going ahead.
23:02We've closed the week
23:02on a low note
23:04and this is after
23:05most of the key factors
23:07are now behind us.
23:09Looking ahead,
23:10what will you be
23:10watching out for
23:11as we head into
23:12the second half of February?
23:14Okay.
23:15So,
23:15as you rightly mentioned,
23:17I mean,
23:17majority of the events
23:18are now over.
23:19So,
23:20what will really matter
23:21over say next
23:23two to three weeks
23:24would be the global factors.
23:26Now,
23:26in the global factors,
23:27obviously,
23:28the development
23:28around the AI front
23:30would be the key thing
23:31to track.
23:32Also,
23:33what would be the important
23:34would be the geopolitical events
23:37which are unfolding
23:38like,
23:38you know,
23:38with,
23:38for example,
23:39the Russia-Ukraine settlement,
23:41the Russia-US tie-up,
23:43all those will have
23:44major repercussions
23:45on the global markets.
23:46So,
23:47these global developments
23:49would be really important
23:50because as far as
23:52the Indian,
23:53I mean,
23:53the domestic queues
23:54are concerned,
23:55we are closing
23:56the earnings season
23:57on a decent note
23:58and the inflation number
24:00which came out
24:01was like,
24:02you know,
24:02well below the RBI
24:04threshold limit.
24:05So,
24:05as such,
24:06on the Indian front,
24:07there are no major
24:09concerns per se.
24:10It's largely
24:11the global factors
24:13which will actually
24:14decide the market
24:16direction
24:16going ahead.
24:17So,
24:18I mean,
24:19my sense would be
24:20the geopolitical events
24:21as they unfold,
24:23that will be the key thing
24:24to watch out for
24:25for next 15 to 20 days
24:26perspective.
24:27Obviously,
24:28in the long run,
24:28the overall positive impact
24:31of the deal
24:32that the India
24:33has stuck out
24:33with various countries,
24:35the positive impact
24:36will definitely,
24:37like,
24:38you know,
24:38start unfolding
24:39over the next one year.
24:40But in the short term,
24:42the geopolitical events
24:44would likely be dictating
24:46the direction
24:47of the market.
24:50All right.
24:51We'll leave it there.
24:52Sneha,
24:52thanks so much
24:53for joining us.
24:54And we'll wrap there
24:56for the week.
24:56But we'll be back
24:58on Monday
24:58for a fresh trading week
24:59and hopefully
25:00some recovery buying
25:01coming in.
25:02All eyes on global factors
25:03as we move ahead.
25:05Thanks so much for watching.
25:05Bye.
25:06Bye.
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