On this edition of Business Today, anchor Abha Bakaya leads the coverage on a volatile morning for global and domestic markets. The bulletin highlights a significant slump in Wall Street tech stocks, with fears surrounding AI sustainability wiping out $830 billion from the S&P 500 software index. Abha Bakaya notes that ‘the pessimism on Wall Street and Asian markets indicates the worst might not be over’. The programme features insights from Tech Mahindra CEO Mohit Joshi, who describes the recent IT stock wipeout as a ‘market overreaction’, asserting that AI will eventually serve as a tailwind for the industry. Additionally, the report covers a massive sell-off in silver and gold prices in India, the government’s stance on Russian oil imports to ensure energy security, and the CCI probe into Indigo’s flight cancellations. Market experts Gaurang Shah and Shail also join to discuss long-term investment strategies amidst the current commodity and equity fluctuations.
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