Anthropic has confidentially filed for a US IPO, marking a major step in the AI sector’s expansion on Wall Street. The move highlights strong investor interest in artificial intelligence firms after rapid valuation gains, with the company recently valued at $965 billion, intensifying competition with rivals like OpenAI.
Benchmark indices Sensex and Nifty fell for a fourth straight session amid elevated crude oil prices, geopolitical tensions and persistent selling pressure. Market breadth remained weak, technical indicators turned bearish, while select stocks including Wockhardt and NMDC Steel attracted buying interest and hit fresh highs.
Indian benchmark indices extended losses for a fourth straight session as FII selling and geopolitical concerns hurt sentiment. Amid the weakness, analysts recommend NMDC and Laurus Labs, citing bullish chart patterns, strong momentum, breakout formations and favorable technical indicators for further upside.
Fuel price volatility has prompted airlines across the globe to hike passenger fares and baggage fees to recover higher costs, as well as cut flight frequency and routes to limit fuel usage.
Ola Electric Mobility has launched its qualified institutional placement (QIP) and set a floor price of Rs 37.74 per share. The company may offer up to a 5% discount, while the final issue price and fundraising size will be determined through the book-building process.
EasyJet responded on Monday by saying it has not held talks with Castlelake but it would assess any potential offer if one was made, noting its stock price was "temporarily depressed" by the war's impact on jet fuel prices and customer confidence.
Benchmark aluminium on the London Metal Exchange traded 0.5% higher at $3,685 a metric ton in official rings. Earlier, it touched $3,707.50 to match a level hit on May 26 for its highest point since March 2022.
The Broomfield, Colorado-based company is now seeking up to $1.46 billion by marketing 26.5 million shares priced between $53 and $55 apiece, it said on Monday.
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