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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…
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.
Bitcoin USD Drops 4.38% Daily: BTCUSD Tests $61,206 Support
Bitcoin USD fell 4.38% today to $62,891. Technical analysis shows oversold RSI at 18.92 and strong downtrend. Key support at $61,206.
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…
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…
XRP Crashes to $1.14 as Macro Risks Drive 22% Monthly Loss
XRP drops to $1.14 amid macro headwinds. Analysts predict stabilization at $1.25-$1.35 or deeper pullback toward $0.70 support.
Japan’s First Female Mayor Takes Maternity Leave, June 08
Mayor Shoko Kawata becomes Japan’s first incumbent mayor to take maternity leave, exposing gaps in labor protections for elected officials.
China Solar Panel Industry Faces Massive Losses as Prices Collapse, June 08
China’s top 5 solar panel makers lost 160 billion yen in Q1 2026 as industry shifts to battery storage and AI amid export tax changes.