Target Financial News

Stocks to buy or sell: The frontline indices of the Indian stock market continue to scale new highs, but they have failed to sustain themselves at higher levels, especially the Nifty 50 and the BSE Sensex. After climbing to the new peaks, Nifty and Sensex witnessed heavy selling pressure at the closing bell on Monday.

death of Iran’s president and the escalating war in Gaza, prices of Brent crude, the global benchmark, have stayed within $2 of $82 a barrel since the start of May. Part of the reason why OPEC is failing to keep prices high is because its members are failing to keep to their output targets. In March the group’s leaders and Russia extended production cuts, vowing a reduction of 2.2m barrels a day (b/d), or 2% of global supply, until the end of June, on top of 3.7m b/d of previously agreed cuts for 2024.

A major Chinese bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets further CBDC adoption.

Buy or sell stocks for today: Despite strong global cues, the Indian stock market remains range-bound and ended flat on Monday. The Nifty 50 index finished 24 points lower at 22,932 after touching a new peak of 23,110 mark.

Siemens Energy AG has said it plans to sell the India wind turbine unit of its subsidiary, while Shell Energy, which acquired Sprng Energy in August 2022 is looking for investors. EQT and Temasek are planning to sell the 4GW O2 power platform, while Macquarie has explored the sale of its solar power project Stride platform and C&I platform Vibrant Energy.

Vin Diesel, the star of the Fast and Furious franchise, recently shared an update on the filming of 'Fast XI' on Instagram, hinting at the final chapter's exciting developments. The upcoming movie is set to continue the adrenaline-fueled saga, picking up after the events of 'Fast X,' where Dom Toretto and his family faced a formidable new villain. Filming

private equity firm ChrysCapital is looking to acquire domestic companies in the formulation business in the range of $200 million-$500 million. Along with partners, deal sizes can potentially reach $1.5 billion, said a senior executive. «We're looking at buyouts. These can be companies in the top 30-75 in their category. We will look at the $200 million to $500 million range,» Kshitij Sheth, MD of ChrysCapital told ET in an interview. Sheth said the aim is to grow these companies to "$1.5-$2 billion valuations and take them public eventually. While we could consider a strategic sale, the goal will be to take these platforms public". ChrysCapital is focused on deals within top 20 to 50 ranked Indian companies in formulation business. The PE firm has focused on acquiring non-controlling interests in pharma companies. ChrysCapital could partner either another large fund, a strategic or a sovereign fund for bigger acquisitions.

Lok Sabha member Prajwal Revanna on Monday said that he would appear before the police on May 31 to face investigators in a case of alleged sexual abuse of women registered against him. In a video message from an undisclosed location, the MP who is seeking re-election from Hassan in Karnataka, said he would appear before the special investigation team (SIT) probing the case at 10 am on that day. Grandson of former prime minister HD Deve Gowda and son of senior JDS leader HD Revanna, the sitting MP fought the April 26 Lok Sabha polls as NDA candidate. He said he left the country on April 26, as per his scheduled tour plans, and a few days later, on learning about the developments from news channels, decided to seek a week's time to appear before the investigators.

investment group EQT will now look at deals of $50 million-250 million in India from its newly raised $1.6 billion BPEA EQT Mid-Market Growth Partnership (MMG Fund). The new fund, in addition to the large-cap buyout Asia fund, will look at deals primarily in closely held companies. «As the flagship fund becomes bigger, there is that opportunity in the mid-market space with a ticket size of between $50 million and $250 million that is getting left out,» Hari Gopalakrishnan, partner, EQT, told ET. «So, we are targeting that space with this mid-market strategy. We set out to raise $750 million, but the demand was quite strong. So, we ended up raising twice what we expected.»

dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for «carry» in recent months, punishing low-yield currencies and supporting the dollar, while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.

With Canada’s latest inflation figures paving the way for a policy rate cut, some economists worry another hold by the Bank of Canada could further damage the economy.

Pakistan's security forces were conducting several raids in the country's volatile northwest, a former stronghold of the Pakistani Taliban, when shootouts ensued leaving seven soldiers and 23 militants dead, the army said Monday. The first exchange of fire occurred overnight on the outskirts of Peshawar, the capital of the Khyber Pakhtunkhwa province, killing six militants and two army officers who «embraced martyrdom,» according to a statement by Pakistan's military. A second shootout happened during another security operation on Monday in the district of Tank, leaving 10 militants dead, the statement said, adding that five soldiers and seven militants were also killed during a separate fire exchange in the district of Khyber.

₹242, the NTPC Ltd stock fell out of favour with investors, just ahead of the initial public offering (IPO) of Reliance Power. What then followed seemed like a never-ending lull until recently. Over the past one year, NTPC’s shares have more than doubled to ₹370 per share on the back of talk about the unlocking of value in NTPC Green Energy, its renewable (RE) power generation subsidiary.

GMR Airports Infrastructure Ltd, giving a ‘Buy’ rating with a target price of ₹100. The price target suggests a possible increase of 15% from the current levels.Jefferies says that GMR Airports is transitioning from a utility model to a retail consumption focus, poised to benefit from robust air traffic growth, expanded travel retail opportunities, increased aero tariffs, and the potential of unlocking real estate value.Additionally, Jefferies suggests that further valuation increases will be driven by streamlining the group's corporate structure, improving leverage ratios, and the support from Groupe ADP.Also read: Suzlon Energy: Anand Rathi bullish on turnaround story, retains 'buy' rating“GMR Airport is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook, travel retail opportunity (led by top end consumption), upward reset in Aero tariffs and real estate unlocking opportunity.

Free, ad-supported streaming television, or FAST channels as they are known, is slowly gaining popularity among Indian viewers who are looking for programming that is free of cost and caters to specific language or genre segments as the penetration of large connected TV (CTV) sets grows. The channels, targeted at niche audiences, are ad-supported like linear TV channels, but allow content owners with specialized libraries including music, news or regional content, to build their own audience independent of traditional networks.

Suzlon Energy with a price target of ₹58 apiece, emphasising the company's notable market position in India's wind turbine sector and the company's achievement with net cash totaling ₹11.4 billion in FY24, marking the first instance since FY06. The brokerage said that the country's wind capacity installations are on track to rise to 8–9 GW by FY27, given the government’s insistent thrust and traction from commercial and industrial demand.The brokerage said that the company has faced turbulence in the past due to weak demand and high debt, hurting its prospects.

Reasons to buyReasons to avoidWhat are buyers saying on Amazon?Buyers praise the chair's quality, comfort, performance, value, and easy installation, noting its luxurious look and effective neck and back massage.Why choose this product?Choose for its quality, comfort, effective neck and back massage, luxurious look, easy installation, and excellent value for your investment.The RoboTouch Echo Plus Full Body Massage Chair in black is a masterwork of tranquility and can significantly upgrade your well-being. This chair is crafted with intelligent muted massage hands and seamlessly combines kneading and flap functions.

Anantnag-Rajouri seat of the Valley voted in the sixth phase of polling on May 25 marking the end to elections in all five seats of Jammu and Kashmir. Four other seats – Udhampur, Jammu, Srinagar and Baramulla – voted in earlier phases of Lok Sabha Elections 2024.Also Read: Kashmir News: Redrawn Anantnag-Rajouri breaks turnout record with over 54% polling in Phase 6, highest after 1984“This active participation is a huge positive for Assembly elections to be held soon so that the democratic process continues to thrive in the Union Territory," said Chief Election Commissioner Rajiv Kumar in a statement.The Anantnag-Rajouri Lok Sabha constituency recorded about 54.

₹775.20 apiece after the company posted strong results for the quarter ended March 2024 (Q4FY24). This is the second straight session when the stock has hit a record high.

₹2,381 apiece to the current trading price of ₹4,271, translating into a gain of 79.37%. In the previous trading session, the stock crossed the ₹4,500 mark for the first time to hit a new record high of ₹4,529 apiece.

Dogecoin (DOGE) is trading at $0.16659, reflecting a 0.50% increase, which may indicate a bullish Dogecoin price prediction.