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Nifty is stuck in a narrow range between 23300-23500, and a break on either side will lead to trending moves, says Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. “The underperformance of BankNifty is preventing Nifty from moving higher; for Nifty to break on the higher side, BankNifty must start performing. The undertone remains bullish, and one should adopt a buy approach on a breakout above 23500, targeting 23,800-24,000,” he says.

Dabur India's target price was raised to Rs 700 by domestic brokerage firm Emkay Global. Emkay Global said that they foresee Dabur benefiting from consumption recovery, with the company positioned to gain from steady distribution expansion, comprehensive portfolio category coverage, sustained focus on innovation, and adequate liquidity for bolt-on acquisitions.

DMK chief and Tamil Nadu Chief Minister MK Stalin claimed that the Lok Sabha results were Prime Minister Narendra Modi's «defeat» and he became the PM because of the support of TDP's Chandrababu Naidu and JDU's Nitish Kumar. While addressing a public meeting in Coimbatore on Saturday, the Tamil Nadu CM also targeted the BJP over its slogan of 'Abki Baar, 400 Paar', saying, «Despite a lot of efforts, the BJP got only 240 seats.» «This is not Modi's victory, but Modi's defeat. Modi is the Prime Minister because of Chandrababu Naidu and Nitish Kumar. If they had not supported it, where would Modi have gotten the majority from? BJP can't do anything as per their wish,» Stalin said.

Also Read: Nifty 50 to hit 25,816 in 12 months; PL overweight on banks, auto, telecom: ITC, BEML among high conviction picks"With government continuity now in place, we believe the market can look forward to further structural reforms, giving us more confidence in the earnings cycle. Macro stability with rising GDP growth relative to real rates should extend India's outperformance over emerging markets (EM) equities."Earlier, the rating agency revised India's GDP upwards to 6.8 per cent for 2024-25, with headline CPI decelerating to about 4.5 per cent for the year.

BJP reviewing its performance in the recently concluded Lok Sabha polls in Punjab, state unit chief Sunil Jakhar on Saturday said his party performed «better» in the general elections but asserted that «better is not enough». He also expressed concern over the BJP losing its traditional Lok Sabha seats of Gurdaspur, Amritsar and Hoshiarpur, saying the results in these constituencies were not according to expectations. The Punjab unit of the BJP on Saturday held meetings of party candidates, office-bearers and other party leaders here to review its performance in the just concluded Lok Sabha elections.

Narendra Modi will visit his parliamentary constituency Varanasi on June 18 for the first time after assuming office for a third consecutive term, during which he will release the 17th installment of PM-KISAN scheme amounting to over Rs 20,000 crore for 9.26 crore beneficiary farmers across the country. Modi will also confer certificates to more than 30,000 members of Self Help Groups (SHGs) who have been trained as 'Krishi Sakhis' to work as para-extension workers, supporting fellow farmers with agricultural practices. Briefing the media, Union Agriculture Minister Shivraj Singh Chouhan highlighted the government's commitment to the agriculture sector. «Agriculture has always been a priority for the PM in his last two tenures. He took several key decisions in the interest of farmers. After taking oath as PM, Modi ji first signed a file related to the release of the 17th installment of the PM-KISAN scheme,» Chouhan said.

India vs Canada Live Score Updates: Rohit Sharma-led Team India is all set to play its last league game of the T20 World Cup 2024, which remains clouded by the flash floods which struck Florida a few days ago. Today's match at the Central Broward Park & Broward County Stadium, Florida is inconsequential for both teams as India has already qualified for the Super 8 stage, while Canada is already out of the marquee tournament.The weather of Florida remains dicey and even though the rains have stopped, the threat over India vs Canada match continues.

Tata Chemicals, Aarti Industries, and SRF due to their weak growth outlook. SRF and Aarti Industries saw their ratings lowered from 'overweight' to 'equal-weight', while Tata Chemicals was downgraded to 'underweight'."Fiscal 2025 should see India chemicals revert back to growth, after a tough reset from F23 highs.

Television actor Pankit Thakker has opened up about his traumatic experience during the recent terror attack in Reasi, Jammu and Kashmir. Thakker, known for his roles in popular TV shows, was in Jammu preparing to embark on a pilgrimage to the Mata Vaishno Devi Shrine in Katra when the attack occurred. The incident, which targeted a bus carrying pilgrims, resulted in the tragic loss of nine lives and injuries to over 40 others.

Jubilant FoodWorks, Honasa Consumer (Mamaearth), Suprajit Engineering, and Metropolis Healthcare to its SMID picks and retained Senco Gold.These selections are based on their strategic insights and analysis of market trends and valuations. The brokerage has filtered the stocks on growth-adjusted valuations, ROE trends, and cash-flow ratios.

Union Minister Suresh Gopi on Wednesday described former PM Indira Gandhi as the "mother of India" and late Congress Chief Minister K Karunakaran as a «courageous administrator». The BJP leader also called Karnuakaran and Marxist veteran E K Nayanar as his «political gurus». Gopi was speaking to reporters after visiting the memorial of Karunakaran, "Murali Mandiram" located in Punkunnam here. Interestingly, Suresh Gopi had won Thrissur Lok Sabha constituency by dashing the hopes of Karunakaran's son and Congress leader K Muraleedharan who finished third in a triangular contest in the April 26 polls. Urging mediapersons not to add any political connotation to his visit to Karunakaran memorial, the BJP leader said he came here to pay his respects to his «guru». He said like Nayanar and his wife Sarada Teacher, he had close relations with Karunakaran and his wife Kalyanikutty Amma also.

Agriculture, Consumer Durables, Insurance and Services,” says Kush Gupta, Director at SKG Investment & Advisory. In an interview with ETMarkets, Gupta said: “The new government would enhance capital expenditure, above normal monsoon are expected to support agriculture, Crude oil prices have come down which should support inflation,” Edited excerpts:

ISS after many delays as the spacecraft experienced challenges including four helium leaks and five malfunctions of its 28 maneuvering thrusters."The extra time allows the team to finalize departure planning and operations while the spacecraft remains cleared for crew emergency return scenarios within the flight rules," NASA and Boeing said in a statement.As per NASA, the return to Earth is expected to last about six hours and target a location in the desert of Utah, New Mexico or other backup locations, depending on local weather conditions.The agency said, “They are targeting a departure no earlier than June 22, leaving open an opportunity for further extensions of time at the ISS. Starliner, while designed for future six-month missions, can stay docked to the ISS for a maximum of 45 days during its current mission."Moreover, on June 18, NASA and Boeing will discuss Starliner’s mission and departure from the ISS as part of the agency’s Boeing Crew Flight Test in a pre-departure media teleconference.The 59-year-old Indian-American astronaut Williams who safely docked the Boeing's Starliner also danced a little as she arrived at the space station on June 7.

Jefferies' global equity strategist Chris Wood said GMR Airports Infrastructure is being added to its India portfolio. Wood said, in his weekly Greed & Fear newsletter, that the airport operator's introduction into its portfolio will be at the expense of the reduction of weights in ICICI Bank, HDFC Bank and Axis Bank.

Narendra Modi held a bilateral meeting with Japanese PM Fumio Kishida on the sidelines of the G-7 Summit in Apulia, Italy and discussed the Mumbai-Ahmedabad High Speed Rail project with a targeted 5 trillion yen worth of investment in India. Highlighting India-Japan relations, the Prime Minister's office said on X, «Boosting India-Japan relations! PM @narendramodi held a productive bilateral meeting with Japanese Prime Minister @kishida230 in Italy on the sidelines of the G7 Summit.»

logistics costs for Adani Cements, chief financial officer Vinod Bahety told analysts in a call. Adani Cements transports less than 2% of its cargo through the sea route, and access to five bulk cement terminals at Kolkata, Gopalpur, Karaikal, Kochi and Colombo through Penna Cement is expected to boost this to 10% by 2027-28 (April-March), he said. «A key highlight of this transaction is that it gives me complete strength for the servicing of peninsular India. A lot of companies have cement, but this company has been much more visionary in terms of sea logistics infrastructure,» Bahety said. For the cargo that is transported through the sea route, it can help bring down costs by as much as ₹300-400 per tonne, while on an overall basis, it will bring in savings of ₹50-70/tonne.

Turkey is set to implement a major fiscal overhaul that includes a 0.03% transaction tax on cryptocurrency trading.

anti-dumping probe into pork imports from the European Union, the state-backed Global Times reported, escalating tensions after the bloc imposed anti-subsidy duties on Chinese-made electric vehicles (EVs). The move opens a new front in bilateral strains in one of the world's key trading relationships after Brussels slapped tariffs of up to 38.1% on EVs made in China to shield its auto industry from competition. China imported $6 billion of pork in 2023, including offal, with the EU accounting for over half, customs data showed.

Thousands of Americans across the country were taken in by con artists running sophisticated investment scams last year, leading to more than a billion dollars in losses, according to a report by the Federal Bureau of Investigation.

ministry on Friday said it will launch the 10th round of commercial coal block auctions next week with about 62 mines to be offered without end user restrictions. Coal produced from the 62 blocks is permitted to be sold by the companies in the free market. So far, nine rounds of commercial coal auctions have taken place since 2020 and 107 coal blocks have been auctioned with 256 million tonnes peak rated capacity.

Infinix XPad is expected to target the mid-range market segment, suggesting it will not feature high-end specifications typically found in flagship devices. There is also ambiguity regarding whether the tablet will be available in both Wi-Fi only and Wi-Fi + LTE versions.Infinix has been making significant strides in the tech market recently.