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Nifty IT Index Crash: 9% Fall in 4 Days, TCS Down 33% in 2026, Wipro & IT Stocks Slide 6%
The Nifty IT index remained under heavy selling pressure on June 8, falling another 2% intraday and taking its cumulative decline to nearly 9% in the last four trading sessions. The sector has become one of the weakest performers on Dalal Street as investors reassess the long-term impact of Artificial Intelligence on traditional IT services…
NIFTY50 Plunges 0.92% on Asia Selloff, Oil Spike, June 08
NIFTY50 drops 0.92% on June 8 as Asian markets crash, crude oil spikes to $96, and geopolitical tensions in West Asia weigh on Indian equities.
Taiwan Semiconductor (TSM) Slumps 5.7% as TPE 2330 Trades at 2,295.00 TWD Amid Geopolitical Shock
Taiwan Semiconductor (TSM) came under heavy pressure on June 8 after a broad technology selloff hit Asian markets. The stock, listed as TPE 2330, closed at 2,295.00 TWD, down 70 TWD from the previous session. During intraday trading, shares dropped as low as 2,230 TWD, marking one of the sharpest declines seen in the stock…
AI Chips Rally Powers TSMC (+52%), Samsung (+159%), and MediaTek (+184%) as Konrad’s Fund Turns Overweight
The global AI chip boom is reshaping Asian stock markets in 2026. Strong demand for artificial intelligence infrastructure, data centers, advanced processors, and memory chips has pushed several semiconductor giants to record highs. According to Reuters, fund manager Sam Konrad of Jupiter Asset Management reported that his fund became so concentrated in winning AI stocks…
High-Yield Bonds Rally as Rates Settle: BHYIX, BRHYX Gain on June 08
High-yield bond funds BHYIX and BRHYX stabilize as 10-year Treasurys hold above 4.5%. Meyka rates both C+ with 12-month targets near $7.66 and $7.61.
Australia Stocks Close Lower as S&P/ASX 200 Drops 0.70% on Weak Gold, Mining & Materials Sectors
Australia’s share market ended lower in the latest trading session as selling pressure hit resource-heavy sectors. The benchmark S&P/ASX 200 slipped around 0.70%, reflecting weakness in gold, mining, and materials stocks. We saw a clear risk-off tone in the market. Investors moved away from commodity-linked companies as global resource prices softened. The decline also follows…
NVDA Stock Update: NVIDIA Corp at $205.10, Down 6.20% (-$13.56) as Lunit Joins AI Ecosystem Meeting in Korea
NVDA stock closed Friday, June 6, at $205.10, its worst single-day drop since February. The stock fell 6.20%, moving from $218.66 to $205.10, with a session range of $204.34 to $214.87. Total volume hit 216 million shares, 47 million above the daily average, exchanging approximately $44.23 billion in a single session. NVDA’s all-time high of…
CMR Green Technologies IPO Allotment 2026: Basis Finalisation on June 8 via NSE, BSE & KFin Technologies
The wait is over for CMR Green Technologies IPO applicants. The basis of allotment for the ₹630.88 crore IPO is expected to be finalized on June 8, 2026, after the issue closes with a massive 127.04x overall subscription. Total bids received: 2,927,544,594.4 shares against just 23,043,930 shares on offer. Once finalized, equity shares will be…
Apple Share Price Hits $307.34 Ahead of WWDC 2026 as AAPL Stock Nears $316.94 52-Week High
Apple Inc is once again in focus as its share price moves around $307.34, moving closer to its 52-week high of $316.94. The market is watching closely as investors position themselves ahead of major product and AI announcements. A big catalyst is the upcoming WWDC 2026. This event is expected to shape Apple’s next-generation software…