The Stock Market Would Soar to Record Highs If the US Dollar Weakens
"If this chart breaks down and breaks those former highs, and we go back down to the 2020 lows, that's a Dow 50,000, S&P 6,000," JC Parets said.
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"If this chart breaks down and breaks those former highs, and we go back down to the 2020 lows, that's a Dow 50,000, S&P 6,000," JC Parets said.
The domestic currency settled 2 paise higher at 83.01 on Thursday
The companys IT Services segment revenue dropped 4.5 percent on a year-over-year basis to Rs 22,150.8 crore during the reported quarter from Rs 23,196 crore during the same period of 2022.
Geopolitical shifts that are dividing the world could create problems for the US dollar, traditionally the dominant currency globally for trade and investment.
At the interbank foreign exchange, the domestic currency traded between 82.86 and 83.10 against the greenback during intra-day deals