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Global equities rallied after the US Federal Reserve's 25-basis-point rate cut, though future moves remain uncertain due to a divided Fed stance. The central bank also announced a $40 billion monthly Treasury bill purchase to manage liquidity, boosting market sentiment. Investors will monitor data dependency and liquidity measures for interest rate outlooks.
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News and Media
Dixon Technologies shares rebounded after a three-day fall, even as the stock remains in a broader downtrend with steep declines over the past months. Despite strong quarterly earnings and increased institutional holdings, technical indicators show the stock is oversold. This mix of weak price action and improving fundamentals suggests the potential for a short-term recovery.
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News and Media
Hindustan Zinc shares surged 4% to Rs 532 as silver hit a fresh high, driven by a US Fed rate cut. The company, India's sole pure-play silver producer, benefits significantly from rising silver prices, which contribute substantially to its earnings and are expected to boost its valuation.
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News and Media
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