After years, choppy markets have revived the trades on over-the-counter (OTC) currency derivatives as corporates fish around for fancy deals at modest (or, even zero) cost to guard themselves from fluctuations in foreign exchange rates.
In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 15, according to stockedge.com’s technical scan data.
Shares in South Korea and Australia climbed early Friday, while Japan’s were mixed. US futures inched higher after the S&P 500 rose 0.4% Thursday. Canada’s
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