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The sharp drop in US consumer sentiment and persistent inflation concerns have triggered a selloff in Indian IT stocks, which have fallen up to 28% in a month. On Monday, IT stocks fell sharply on concerns over US stagflation as the world's largest economy remains critical to the performance of the domestic tech stocks. Experts cite tariff concerns, weak earnings, and FII outflows as key risks but recommend accumulating large-cap IT stocks for long-term stability.
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The third quarter ended December 2024 witnessed certain stake increases by LIC in multiple companies.
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An unknown illness has killed over 50 people in northwestern Congo. The majority of the cases have symptoms within 48 hours. The outbreak started on January 21, and 419 cases have been recorded so far. The World Health Organisation is investigating. Samples tested negative for Ebola and other common hemorrhagic fever diseases. Some tested positive for malaria.
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