- ๐ฎ๐ณ Indian Market: Dalal street witnessed sharp volatility on the first day of the March series but managed to close nearly flat. This stability came alongside a rebound in IT stocks, driven by optimism that AI will complement rather than replace the sector ๐ค๐ป, and hence, going ahead, market direction is likely to remain influenced by global cues like U.S.โIran tensions along with continuous AI and tariff-related developments.
- ๐ Market Breadth: On the NSE, 1503 stocks ended in the green, while 1424 stocks closed in the red.
- ๐ Global Market: Wall Street ended higher on Tuesday, led by strong gains in tech stocks as fresh excitement around AI helped ease fears about its possible disruptions ๐ค๐.
- This positive momentum flowed into Asian markets, which also traded higher after the tech rally boosted investor confidence. At the same time, oil prices hovered near seven-month highs ๐ข๏ธ as rising U.S.โIran tensions kept suppl concerns alive despite upcoming talks.
