Shares of Steel Authority of India (SAIL) jumped 14% on Wednesday, driven largely by a short squeeze as traders with heavy bearish derivative positions were forced to cover shorts. Extremely high MWPL utilisation and concentrated bets among a few clients amplified the rally as stop-loss triggers accelerated buying pressure.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend