🗞️ OpenAI’s IPO Filing Sparks Fresh Tech Jitters
Reports suggest OpenAI has confidentially filed for an IPO, adding pressure on global tech stocks as AI competition intensifies. The development comes amid a sharp selloff in US technology shares.
💬 Expert Take — “AI is no longer just a technology story. It’s becoming a capital markets story.”
🗞️ RBI Revives FCNR(B) Swap Window
The RBI has reopened the FCNR(B) swap window for NRIs to attract foreign currency inflows and support the rupee.
The move echoes a similar strategy used during the 2013 currency crisis.
🗞️ IT Stocks Slide as Global Tech Selloff Deepens
Infosys, HCL Tech and other IT stocks fell up to 3% as concerns around AI disruption and weakness in US technology stocks weighed on sentiment.
🗞️ Nasdaq Down 6% in Four Sessions
The Nasdaq has fallen 6% in four sessions, raising questions about spillover risks for Indian markets.
Analysts believe India may not remain insulated if the correction deepens.
🗞️ Flexi Cap Inflows Slow Sharply
Flexi-cap mutual fund inflows may have nearly halved in May, though investors continue to favour the category for long-term diversification.
🗞️ Retail Trade Model Keeps Evolving
According to an ET analysis, kiranas, e-commerce, and quick-commerce platforms are increasingly coexisting rather than replacing one another in India’s retail ecosystem.
🗞️ Markets Slip Amid Geopolitical Concerns
Sensex and Nifty remained under pressure as investors monitored developments related to the US-Iran situation and global market volatility.
📊 Market Update
📉 Sensex: 73,832.55 ▼ 150.63 pts (-0.20%)
📉 Nifty 50: 23,161.60 ▼ 53.35 pts (-0.23%)
🪙 Gold (per gram)
24K: ₹14,564 ▼ ₹213
22K: ₹13,350 ▼ ₹195
18K: ₹10,923 ▼ ₹160
🥈 Silver: ₹2,50,000/kg