Even as US stocks are battling a bear market, energy stocks have been dominating the list of S&P 500 gainers so far this year, with Oxy at the top of the gainers’ chart, defying the S&P 500, which has already corrected 22.5% this year.
Nifty’s short-term trend seems to have reversed down after a reasonable rise from the lows. Immediate support is placed at 22,300 and the weakness below
State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter,
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