Globally, the technical position of the markets post the Q3-22 weakness, was supportive of a bear market rally going in to Q4-22 driven by earnings commentary and economic data which though weakening, are yet not in recession territory.
GAIL shares jump 4% as Q2 net profit rises over 8% to Rs 4,650 crore, revenue grows 17%
GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment