Fri, Jun 2, 2023 8:05 PM
Tata Group to set up Rs 13,000 crore lithium-ion cell manufacturing unit
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Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli attacks on its soil, in a sign that an escalation of hostilities in the Middle East might be avoided. Brent futures were down 48 cents, or 0.6%, at $86.63 a barrel by 1155 GMT. The most active U.S. West Texas Intermediate contract was down 38 cents, or 0.5%, to $82.35.
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Microsoft (NASDAQ: MSFT) is now the most valuable company in the world, with a market capitalization of just over $3 trillion. The proliferation of artificial intelligence (AI) has played a central role in helping the tech giant reach this position.Shares of Microsoft have jumped more than 72% since the beginning of 2023 when the AI revolution started taking hold.
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Nifty on Friday ended 151 points higher after four successive days of decline and formed a bullish reversal pattern on the daily chart.The psychological mark of 22,000 holds intermediate support, followed by strong support of the 21,800-21,700 subzone. On the higher end, the 20-DEMA placed at 22,300, followed by a bearish gap of 22,430-22,500.
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