Shares of ITI Ltd, a state-owned company under the Department of Telecommunications, soared 20% today in intraday trade, hitting a new all-time high of Rs 457.25 on the BSE. The stock has been on an upward trend since October 2024 and has seen a significant increase in volumes since November last year.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.