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Among the global fund managers surveyed by Bank of America, 61 percent said they expected lower-than-average growth and higher-than-average inflation for the global economy over the next 12 months
On Tuesday, 1536 stocks advanced, 2301 declined and 92 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.67, indicating negative closing of stocks in broader markets.
India’s leading drone manufacturer IdeaForge is making a play for U.S. business with a line of light, high-endurance drones.
The domestic market paused on the final trading day of the week, having earlier reached yet another record high, buoyed by positive cues from global markets. Noteworthy strength was observed in the capital goods and industrial sectors, bolstered by advancements in both manufacturing and services.
Last week (Feb14), Ideaforge hit its record low of ₹689, down 49% from its listing price (record high) and up just 2.5% from its IPO price. Despite such a dismal performance, Asian Market Securities (AMSEC) sees the stock delivering multi-bagger returns by December 2026.