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Another GameStop rally kicks off, shorts traders take $673 million hitGameStop and AMC, two wildly popular meme stocks among members of Reddit’s WallStreetBets forum, soared more than 16% and 19% respectively as speculative assets picked up steam. Those gains pushed mark-to-market losses for sh… Read More- World stocks to rise modestly, correction unlikelyReuters polls of nearly 300 equity strategists taken May 10-26 showed all 17 stock indexes surveyed on were forecast to rise, with annual gains in nearly all of them predicted to be in double digits this year.
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- Stocks in the news: BPCL, Sun Pharma, Eicher Motors, Berger Paints and Cadila HealthcareUCO Bank, Aegis Logistics, Solar Industries, HEG, Metropolis, Fine Organic, India Grid, Wockhardt are among companies that will announce their March quarter results today.
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- Asian shares step back from 2-wk highs, dollar firmMSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5% at 691.76, still not too far from Wednesday's high of 696.76, a level last seen on May 10.
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- A new Sebi role is creating a snag for Robo Wealth AdvisersWith the Securities and Exchange Board of India (Sebi) insisting on a physical agreement between financial advisors and investors, a move that will increase the costs of acquiring clients, these new-age firms providing algori… Read More
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