Analysts Financial News

SBI share price gained as much as 1.13% in the early trade to ₹579.75 apiece on the BSE. However, SBI shares failed to hold gains and fell from the day’s high to trade nearly a percent lower. SBI Q1 net profit jumped 178.25% YoY to ₹16,884 crore.

The following list of stocks in the headline index Nifty50 were given a “Strong Buy/Buy” recommendation in the latest Stock Reports Plus report dated August 6, 2023. Analysts’ recommendations are provided using Institutional Brokers' Estimate System (IBES) to provide you actionable insights.

Incitec Pivot might be edging closer to selling off its Australian fertilisers business – with Indonesia’s Pupuk Kaltimunderstood to be the preferred bidder – but Morgan Stanley isn’t so sure it’s going to sail through.

Apple eked out slightly higher profit even though sales dipped during its latest quarter

Investing.com — Amazon.com (NASDAQ:AMZN) reported second-quarter results that topped analysts' estimates and delivered upbeat guidance for Q3 as growth in its cloud business topped estimates.

Crypto trading platform Coinbase is poised for better-than-expected, Q2 earnings despite ongoing legal pressure against the firm and other industry giants, analysts say.

Justin Trudeau’s surprise announcement that he and his wife were separating, just a week after a broad cabinet reshuffle, underscores the Canadian prime minister’s focus and intent to lead the Liberal Party into a fourth election victory, despite sagging opinion polls, pollsters and insiders said.On Wednesday, Trudeau and his wife Sophie Gregoire Trudeau unexpectedly announced their separation, likely marking the end of their 18-year-long high profile marriage. The separation is one of Trudeau’s biggest personal crises, although insiders and political commentators said he wants to ride out the aftershocks.“He’s running again,” said a source close to Trudeau, when asked whether the news of the separation might be prompting second thoughts.

Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year as the Reserve Bank of India uses its vast foreign exchange reserves to keep the currency stable, a Reuters poll found. Expected volatility in the rupee over the next three months was at its lowest in two decades as the Indian central bank continued to buy dollars, adding to its FX reserves of over $600 billion. After falling over 10% in 2022, the rupee has gained just 0.2% so far this year and is unlikely to recoup those losses anytime soon, despite India retaining its title as the world's fastest-growing large economy.

macroeconomic trends and will continue to set the pace (for the smartphone industry) for quite some time," Reuters quoted Bob O'Donnell, founder of TECHnalysis Research, as saying. In September, analysts anticipate the unveiling of the much-anticipated iPhone 15, which could feature the widely accepted USB-C port on certain models. This development may provide a slight boost to iPhone sales during the July-September quarter, according to market experts, who have differing opinions on the overall performance during this period.

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Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.

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By Patturaja Murugaboopathy and Gaurav Dogra

The following list of stocks in the headline index Nifty50 were given a “Strong Buy/Buy” recommendation in the latest Stock Reports Plus report dated July 30, 2023. Analysts’ recommendations are provided using Institutional Brokers' Estimate System (IBES) to provide you actionable insights.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day for another month to include September, five analysts said, to provide additional support for the oil market. In June, OPEC+ agreed on a broad deal to limit oil supply into 2024 and Saudi Arabia pledged an additional voluntary cut for July. On July 3, Saudi Arabia said it would extend the cut for another month to include August, adding that it could be extended further. Oil prices have found some support from evidence of tightening supplies and economic stimulus in China. Brent crude was trading at over $84 a barrel on Friday, after hitting the highest level since April on Thursday. «Given the tentative recovery, my guess is they continue the cut for one more month and then phase it out over three months — similar to what Saudi did in 2021,» said Gary Ross, founder of Black Gold Investors and a veteran OPEC watcher. The Saudi Energy Ministry did not respond to a request for comment.

Investing.com — Meta Platforms rose more than 7.5% in pre-market Thursday after the social media giant's second quarter results topped Wall Street expectations, driven by a jump in advertising revenue.

earnings that saw its order book surpass ₹4 lakh crore for the first time ever. Separately, the company announced a special dividend and a ₹10,000 crore share buyback, prompting analysts to raise their price targets on the stock. Shares of the engineering and construction conglomerate touched a record high of ₹2,673.85 before closing at ₹2,652 on the NSE, up 3.56% from the previous close.

By Aishwarya Nair

TVS Motor shares surged to an all-time high on Tuesday, with the shares rising more than 6% — logging their biggest single-day gain since April 2021. Better-than-expected first quarter earnings by the two-wheeler company prompted a number of brokerages to raise their price targets on the stock. TVS shares made a record high of ₹1,388.45 before closing at ₹1,383.70 apiece on the NSE, up 5.86% from the previous close.

ITC Hotels' share price to range between ₹15 to ₹27 after demerging its hotel operations into a new firm, named ITC Hotels where it will hold 40% ownership and the remaining 60% will be controlled by shareholders directly. ITC share price was down on Tuesday's trade for the second consecutive session. ITC stock price opened at intraday high of ₹469.95 apiece on BSE.