IT companies are going through a mildly turbulent phase which may well last a couple of quarters. However, valuations are quite supportive, and we believe this is the right time to start building a position in the sector.
In the Nifty500 pack, six stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness.
Nvidia’s stock soared to a record high on Wednesday, propelling it past Microsoft to become the world’s most valuable company. This surge was fueled by
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