Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 fell 0.24 per cent and 0.26 per cent, respectively

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Experts said that retail inflation is expected to remain above the RBI's upper tolerance limit of 6 per cent over the next few months, and this could increase the likelihood of monetary tightening

rate sensitive stocks fall

Automotive Axles surged 17%, while Sharda Motors Industries and Fiem Industries were up 14% and 10%, respectively, on the BSE in Friday's intraday deals.

auto components, auto sector, auto parts

Hitesh Tailor of Choice Broking sees a favourable chart setup for Coforge and Meesho, while flagging that the LIC stock seems trapped in a trading range.

Tech analyst from Choice Broking decodes trading strategy in Meesho, Coforge and LIC ahead of MSCI India Standard Index inclusion.

Chief Economic Advisor V Anantha Nageswaran on Friday said monetary policy tools such as interest rate adjustments may become less effective in tackling inflation in a world increasingly vulnerable to supply-side disruptions.
"Fiscal and other public policy measures will be more important because raising interest rates will not solve the supply-induced problems. If anything, it may even be counter-productive," he said at the 9th Annual Food Systems Dialogue here.
Amid persistent supply induced issues, countries will have to use all kinds of flexibilities with regards to the inflation targeting framework, he said.
"Since 2022, very few countries have met their inflation target. So, it will be there as a framework, but I think countries will take creative liberties with it, as they have to," he added.
Supply chain disruption following the Russia-Ukraine war, which has been ongoing since February 2022, followed by the West Asia crisis, has resulted in soaring prices, especially energy

Chief Economic Advisor Anantha Nageswaran

In a bid to rein in inflation, major central banks across the globe, including the US Federal Reserve, have hiked interest rates

Press Trust of India

Nvidia CEO Jensen Huang's stunning resignation has sent ripples through the global technology industry, with rival chipmakers itching to take advantage of the uncertainty and others wondering if the downfall of one of AI's biggest cheerleaders will dampen the mood around the civilisation-altering technology.
Huang, who stepped down Thursday following reports of extramarital affairs, including with a suspected Chinese spy, was the very public face of a company that dominates the market for computer chips used to train and run AI models. In March, Huang predicted Nvidia will be grappling with a USD 1 trillion backlog in orders for its chips by the end of the year, doubling his estimate from a year earlier.
A linchpin of the AI boom, Nvidia trades off with Apple as Wall Street's most valuable company and has invested heavily in other AI firms.
Some of Nvidia's biggest rivals, such as Broadcom, Intel and Advanced Micro Devices, saw their shares advance Thursday following Huang's departu

Nvidia

Huang, who stepped down Thursday following reports of extramarital affairs, was the very public face of a company that dominates the market for computer chips used to train and run AI models

In the short run, gold prices may extend their decline to test support around $3,750.

Gold

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