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short positions by FPIs have resulted in lower double-digit positive return possibilities for the Nifty in a year, believes domestic brokerage firm ICICI Securities, while stating that rising fear in terms of high VIX. “Our one-year forward (May’25) target for NIFTY50 stands at 24,900 (20x P/E multiple) and implies a ~10% upside, against the long-term expected returns of 14%,” said ICICI Securities in a report.

Yemen's Houthi rebels under unclear circumstances, authorities said Friday, as the rebels face increasing financial pressure and airstrikes from a US-led coalition. Others working for aid groups also likely have been taken. The detentions come as the Houthis, who seized Yemen's capital nearly a decade ago and have been fighting a Saudi-led coalition since shortly after, have been targeting shipping throughout the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.

₹1,120 from ₹1,020, citing a potential upside of 45% for the firm. The firm has retained its 'buy' recommendation for the used vehicle dealers company shares.

key lending rates unchanged for an eighth straight time but with a bigger split in votes. The Reserve Bank of India also indicated it has «greater elbow room» to ensure price stability in Asia's third-largest economy, which is seeing strong growth but price pains continue to worry everyone from the aam admi (common man) to Mint Street and New Delhi bosses.

RBI) Governor, Shaktikanta Das, reiterated the central bank's firm stance on tackling inflation during a statement on Friday. Emphasising the Monetary Policy Committee's (MPC) objective, he stated that the goal is not only to achieve the 4 per cent inflation target but also to maintain it consistently.

Real estate developer, Gopalan Enterprises, part of Gopalan Group, aims to increase its office rental income to Rs 500 crore annually and could list its assets as a real estate investment trust (REIT) in the next four-five years, a senior company executive said.

Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the eighth straight review meeting amid concerns of a likely spike in food prices, but the cracks in the Monetary Policy Committee widened in favour of easier money. It surprisingly raised the FY25 growth forecast, sending equity indices higher.

«The situation was never as good in the Indian aviation market as it is today because there are effectively only two large players, Vistara Air India combined and InterGlobe Aviation,» says Sandip Sabharwal, asksandipsabharwal.com. Let us get stock specific then and get in your take on the entire chemical sector, brokerages are of the view that it is still not out of the woods, in fact they have cut the target price of most of the companies like SRF, Tata Chemicals, Navin Fluorine. What is your outlook? On the chemical side there is still huge overcapacity, largely prices are under pressure, so obviously when prices fall a lot there is some upswing but given the huge oversupply position and the demand supply mismatch and the fact that many of these companies have added significant capacity over the last one or two years and are in the process of adding more capacity, so what this will do is that this will create diseconomies of scale so because of huge capex and low prices and as the plants become commercialised you will have interest costs, etc, also coming into your P&L.

Governor Shaktikanta Das declared the central bank's latest monetary policy decision. He emphasized that the RBI does not follow overseas policies blindly but adapts to local economic conditions, likening it to playing cricket according to the local weather and pitch conditions.

Also Read: RBI Monetary Policy LIVE Updates: RBI keeps repo rate unchanged at 6.5%; raises FY25 GDP growth forecast to 7.2%Prices of industrial metals have registered double-digit growth in the current calendar. year so far, these trends, if sustained, could accentuate the recent uptick in input cost conditions for farms.

Rahul Gandhi and his purported derogatory comments directed at Union Home Minister Amit Shah.According to the Congress leader's attorney, Kashi Prasad Shukla, the postponement until June 18 was necessitated by the demise of a lawyer, leading to a condolence meeting on Friday, PTI reported.Rahul Gandhi, who had previously attended court proceedings regarding the defamation case in February, was granted bail. The case, initiated by BJP leader Vijay Mishra, saw a warrant issued against Gandhi last December.In response, Gandhi interrupted his Bharat Jodo Nyay Yatra in Amethi on February 20, appearing in court to secure bail.Also Read: ‘Rahul Gandhi is hatching conspiracy’, says BJP after Congress leader seeks probe into June 4 market crashThe complaint dates back to August 4, 2018, following alleged objectionable comments made by Gandhi against Shah during a press conference in Bengaluru amidst the Karnataka elections.The complainant cited Gandhi's remarks targeting the BJP, where he alleged the party's commitment to honest politics contradicted the fact that its president was an "accused" in a murder case.

CoinDCX Prime, a service specifically designed for High-Net-Worth Individuals (HNIs), Family Offices, and Institutional Investors. This initiative is in response to a significant increase in HNI and institutional participation in the Indian crypto market. With the launch of CoinDCX Prime, the company aims to attract substantial HNI and institutional investment, targeting $100 million in assets under management (AUM) by 2025.

MP-MLA court here on Friday postponed the hearing in the 2018 defamation case against Congress leader Rahul Gandhi over his alleged objectionable remarks targeting Union Home Minister Amit Shah. Gandhi's lawyer Kashi Prasad Shukla said due to the death of a lawyer, a condolence meeting was held in the court on Friday and the hearing was postponed to June 18.

The Federal Open Market Committee meets next week, when it will issue a new edition of its popular (if rarely entirely accurate) Summary of Economic Projections. This columnist and other, wiser souls already have proposed ways the Federal Reserve could improve this quarterly dot-apalooza, but let me suggest one more: It would be great if the Fed would mention the exchange rate once in a while. Managing the dollar is the most important job no one in Washington is doing these days.

Stock market today: After the stock market crash on Tuesday, the Indian stock market extended its recovery for a second straight session on Thursday. The Nifty 50 index gained 201 points and closed at 22,821, while the BSE Sensex shot up 692 points and ended at 75,074.

Stocks to buy or sell: The Indian stock market, which experienced a significant downturn on Tuesday, has shown resilience by bouncing back in the last two consecutive sessions. The Nifty 50 index surged by 201 points, closing at 22,821, while the BSE Sensex skyrocketed by 692 points, concluding at 75,074.

As the Dogecoin (DOGE) price consolidates near $0.16 and close to its 21DMA, investors are questioning whether a pump to $12 could be on the cards after a TradingView trader put forth a compelling bullish price prediction.

Demand for work under the government's flagship rural job guarantee scheme fell for a seventh straight month through May, indicating stronger economic conditions at the start of the new financial year.

India is gearing up to fight at WTO over the EU's Carbon Border Adjustment Mechanism (CBAM), which mandates non-EU steel producers to report emissions. There are compelling reasons to address this issue at WTO. India is the only major steel producer experiencing robust growth, with an 8.5% increase in the first four months of 2024 compared to a year ago.

Gov. Glenn Youngkin says Virginia will abandon California’s stringent vehicle emissions rules aimed at reducing carbon pollution at the end of the year when that state’s current regulations expire

World War 3? This pertinent question is looming large in the background with the US test-firing its hypersonic nuclear missile, which can hit any target in the Russian capital of Moscow in 30 minutes. US blasted off its unarmed Minuteman III intercontinental ballistic missile (ICBM) from Vandenberg Space Force Base in California Tuesday, reports 'The Mirror US'. Pentagon has taken this step weeks after Russian President Vladimir Putin warned that if the existence of his country is at stake, he would be forced to use a nuclear bomb.