Premji Invest, the investment arm of billionaire Azim Premji, is strategically increasing its bets in US tech firms to capitalize on the generative AI boom. The firm recently made a significant investment in an AI company, showcasing its confidence in the potential growth of artificial intelligence technologies in the market.
Silver prices globally have reached a 3-year high near $28 per ounce, while in India, silver prices have surged to an all-time high of nearly Rs 82,000 per kilogram. The rise in silver prices can be attributed to various factors such as increased demand for safe-haven assets and supply chain disruptions, driving investors towards precious metals.
In the latest notification, Apple highlighted the rare occurrence of mercenary spyware attacks, particularly those utilizing tools like Pegasus from the NSO Group. The tech giant emphasized the importance of privacy and security in the digital age, urging users to remain vigilant against potential cyber threats.
Bryan Johnson, a millionaire known for his obsession with age reversal, recently shared a photo collage documenting his transformation over six years, starting from 2018. Johnson's journey serves as a testament to the advancements in anti-aging technologies and the growing interest in longevity among high-net-worth individuals.
The Consistent Compunders, a financial product launched in December 2018, has delivered solid returns of 15.35 percent since its inception. While slightly lagging behind its benchmark, the Consistent Compunders have consistently outperformed the market, attracting investors seeking stable long-term growth prospects.
US stocks closed higher on Thursday, driven by tech-related momentum stocks leading the charge. The positive performance in the US markets has set a favorable tone for global equities, including the Indian stock market. Trends in the GIFT Nifty suggest a positive start for the broader index, with a gain of 117 points or 0.52 percent.
Based on the open interest percentage, a total of 75 stocks were identified on the short-covering list, including Hindustan Petroleum Corporation. Short-covering activities indicate a bullish sentiment among investors, as they rush to close out their bearish positions, potentially driving up stock prices in the near term.
As 2024 progresses, market dynamics and macroeconomic factors will play a crucial role in determining the performance of the Nifty 50 index. Investors are closely monitoring key indicators and external developments to gauge the market sentiment and make informed decisions regarding their investment portfolios.
