NEW DELHI: Dancing to the wild tunes of the international markets, Sensex rallied over 1,276 points on Tuesday in a roller-coaster ride after Monday’s 638-point crash and left Dalal Street investors wondering whether the upside was more than a case of dead cat bounce. After strong September sales data reported by passenger vehicle manufacturers, banks … Read more
NEW DELHI: Nifty50 on Monday reclaimed the 18,000 mark and formed a bullish candle on the daily chart, after making indecisive candles in the previous two sessions. Analysts said the index has come out of a range and some more upside is possible. They, however, expect Nifty50 to see strong resistance in the 18,200-18,400 range. … Read more
By Lu Wang The relentless rally in US equities has driven bears almost into extinction. But to say bullishness is ubiquitous would be a stretch. From options trading to stock preferences to the direction of retail money flows, signs of trepidation are budding in a market where $27 trillion has been added to equity values … Read more
Back in May, a Reddit poster hit WallStreetBets with a sure-thing tip on Scorpio Tankers Inc. The oil shipper, trading at one-fifth the value of its assets, was a screaming buy with storage rates soaring, insiders leveraging up and oil vaulting back after briefly going negative. There’s an opportunity to see “100% returns within the … Read more