Indian indices rebounded on Friday, snapping a five-day losing streak, driven by buying in IT, banking, and auto stocks. Despite the rally, analysts remain cautious due to muted earnings and liquidity concerns, suggesting the bounce back may be temporary. While the short-term outlook remains negative, long-term investors might find opportunities in select sectors like IT and banking.
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