Wed, Nov 6, 2024 10:59 AM
Waaree Energies becomes Rs 1 lakh cr company as shares jump 49% in 1 week
A Flip by Shubhangi Gupta
Russell 2000 index futures have hit a three-year high as traders bet on smallcaps as a "Trump Trade" ahead of the US presidential election, expecting lower taxes, immigration curbs, and higher tariffs to benefit these companies. Russell 2000 Index measures the performance of 2,000 smaller US companies.
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When commodity prices move in tandem, it is usually because real-world events jolt markets. China is the world’s biggest consumer of raw materials, so its economic leaps and stumbles matter. Russia’s invasion of Ukraine hindered the trade of fuels and grains, causing prices to surge. But every once in a while it is news in the financial sphere that prompts traders to act.
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Indrayani Biotech share price gained over 2% on Wednesday, bouncing back from an over 4% fall in the previous session. Indrayani Biotech stock price has rallied over 10% in one week, but has fallen over 17% in three months and nearly 30% YTD. The penny stock has delivered multibagger returns over the long term, with a 851% jump in five years and 1,200% in seven years.
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