India’s IT sector shows signs of life after deep corrections and selling. Technical indicators and derivatives data suggest risk-reward is shifting for bulls. Nifty IT index has produced multiple weekly reversal candles near support zones. Kalyan Jewellers hit a fresh 52-week high, while Trent’s update disappointed investors. SWSOLAR and BLACKBUCK are identified as top stock picks for the week.
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