MosChip Technologies shares tumbled 10% on Tuesday following a 59% rally in seven sessions, driven by India’s semiconductor push and strong volumes. While technical indicators suggest overbought conditions, analysts say long-term investors can consider using short-term dips to build positions in the high-growth stock.
Dollar wobbles as markets cling to hopes for Middle East peace deal
Investor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure on