Shares of GTL Infrastructure surged 42% over the past two trading sessions, climbing as much as 18.7% on Thursday to Rs 2.16 on the BSE, as investors piled into the small-cap telecom infrastructure stock despite no fresh corporate announcements. The rally is being driven by speculative interest and bullish technical indicators, alongside renewed optimism in … Read more
“Overall, what we need to understand is that markets have rallied significantly from the recent lows of 22,000 to currently trade around 24,300 plus. So, clearly, that has been a 10% more or less rally and in a very short span of time. So, somewhere or the other stocks are definitely witnessing some profit booking … Read more
Benchmark stock market indices closed higher after witnessing a brief rally on the first day of trading in 2025 fuelled by a rally in auto sector stocks. The S&P BSE Sensex added 368.40 points to end at 78,507.41, while the NSE Nifty50 gained 98.10 points to close at 23,742.90. Vinod Nair, Head of Research, Geojit … Read more
On the back of $10 billion-strong support by foreign institutional investors or FIIs in the first quarter of FY24, bulls are having a dream run on Dalal Street with Nifty up around 12% in the last 3 months. June expiry data shows Nifty rollovers increased to 76.1% as against 70.6% in the previous expiry. In … Read more
The US economy entering a ‘technical recession’ is not good news for India and the world. But analysts said one should not see too much into the GDP print, as other data points in the world’s largest consumer economy still suggest resilience. If anything, the GDP print could persuade the Fed to go slow on … Read more
Markets this week seemed to be embracing the Christmas spirit as both the festive colours adorned trading terminals. After bleeding red on Monday, bourses lit up green recovering significantly from lows. This strong pullback might have hinted that the market is getting ready to launch itself into a phenomenon widely termed as ‘Santa Claus Rally’. … Read more
Despite the Covid-related problems, the global economic recovery has been V-shaped. Central banks have done tremendous work to support and recover the growth. This is best illustrated in the US, where deficit borrowing and issuances are all at record high. Companies across the world (the US, Europe, Japan) have shown higher-than-expected growth. In the US, … Read more