Independent market expert Sandip Sabharwal said the policy is more to do with public infrastructure, how the speed of movement improves and how the bureaucracy is reduced. “It will take a long time. So, I think it is more of a directional thing. It takes a 5 to 10-year kind of view and to that extent, short-term moves (in the stocks) might not sustain beyond a few days,” he said.
Wall Street shares close up as megacap tech stocks rally
Investors cheered Alphabet’s first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% and reached a record high, lifting
April 27, 2024