The Nifty 50 started Thursday's session on a positive note and touched an intraday high of 24,134.70 in early trade. This level marked nearly a 61.8% retracement of the previous day's decline. However, the index failed to sustain at higher levels and gave up more than 150 points from the day's high in the second half of the session. Despite this late weakness, the index ended higher by 80.75 points, or 0.34%, and snapped its two-day losing streak. However, the close below the psychological 24,000 mark kept the recovery muted. Nifty Forms Inside Candle Thursday's price action resulted in the formation of an inside candle. This came after the previous session recorded the widest single-day range in over one month. The latest candle had a small green body and a long upper shadow, which indicates hesitation at higher levels. This suggests that while buying interest emerged after the recent decline, traders were not confident enough to carry positions aggressively. ...
Chinese AI sensation DeepSeek on Monday said it was limiting the registration of new users due to large-scale cyberattacks on its services.
The company, whose chatbot took over OpenAI's ChatGPT as Apple's top downloaded app on Monday, cited "large-scale malicious attacks" for outages and its inability to take on new users.
DeepSeek, which was developed by a start-up based in the eastern Chinese city of Hangzhou, has shown the ability to match the capacity of AI pace-setters such as Nvidia.
Its success on the US app store sent shares in AI-linked tech giants plummeting on Monday.
The low-cost Chinese generative AI venture is thought to have matched US companies in its abilities but at a fraction of the cost.
Analysts had long thought that the United States' critical advantage over China when it comes to producing high-powered chips -- and its ability to prevent the Asian power from accessing the technology -- would give it the edge in the AI race.
Available as an app or on desktop, DeepSeek can do many of the things that its Western competitors can do -- write song lyrics, help work on a personal development plan, or even write a recipe for dinner based on what's in the fridge.
It is however subject to the censorship seen in other Chinese-made chatbots like Baidu's Ernie Bot that are very limited on how they interact on political topics.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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