Target Financial News

The National Association of Realtors releases its monthly snapshot of existing U.S. home sales Wednesday

Stocks that traded heavily or had substantial price changes on Monday: Norwegian Cruise Line, Wix

Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgets

The Environmental Protection Agency warns that cyberattacks against water utilities around the U.S. are becoming more frequent and more severe

Hormazd Sorabjee, Editor, Autocar India, says Nexon is the mainstay of the Tata range. It is their number one seller and Tata Motors will do a lot to guard its stuff. So, I am sure we will see a lot of action in terms of, might even be pricing going forward. The Maruti offering s almost like a bare car compared to the 3XO; yet it sells in a lot of numbers and that tells us that things like service and reliability turn out to be a key factor. There is a lot of buzz around the Mahindra launch. There are a lot of headlines talking about how the bookings have been in a matter of 60 minutes, in a matter of a day, etc. But what is the reality? I am sure you have tried and tested this one. Is it really that people would be lining up for this one? Hormazd Sorabjee: They have come out all guns blazing with this 3XO. It was sort of like a do or die for them because this is one segment they have not been competitive in at all and they really want to grab market share. They have genuinely wowed the market with a product that is very high on features, has got a lot of tech on it and at a very good price.

Also Read: Explained: What's driving the ongoing uptrend in metal stocks? The country is experiencing a significant surge in power demand each month, driven by increased usage in both the industrial and household sectors. The above-normal temperatures witnessed across most regions during April and May have led to a surge in the use of cooling appliances such as air conditioners and desert coolers, resulting in heightened power consumption. The India Meteorological Department (IMD) has forecast above-normal maximum temperatures across the country for the summer season.

Indian Renewable Energy Development Agency Ltd (IREDA) share price gained more than 4% on Tuesday during intraday trades. The IREDA share price opened at ₹177.00 on the NSE, however rose to ₹184.80 by afternoon, reflecting gains of 4.8 % over the previous close. Choice Broking has recommended Buying IREDA at ₹181 levels with a target of ₹203 for IREDA share price and a stop loss at 170 .

exchanges, Axis Capital raised the target price for IEX to Rs 170 with an ‘add’ rating for the stock from an earlier ‘sell’ recommendation. “If the present valuation stays intact, the stock performance may track earnings growth. We believe there is a tactical opportunity to make returns in IEX by riding the power demand growth and improved liquidity on exchanges,” said a report by Axis Capital.

finance ministry is likely to raise the CPSE dividend estimates by Rs 5,000 crore to around Rs 53,000 crore for the current fiscal in the full budget to be presented in July. In the interim budget 2024-25, the government had pegged dividend estimates from non-financial central public sector enterprises (CPSEs) at Rs 48,000 crore for the current fiscal. «The estimates may go up by about Rs 5,000 crore in the final budget to be presented in July,» an official told PTI. The interim budget estimates were based on the estimates in December 2023, and January 2024, and the estimates in the full budget will be higher as we have a better picture of the dividend now, the official added.

INDI alliance has been completely defeated in the fifth phase of the 2024 Lok Sabha elections polling which was held on Monday. PM Modi also said that India of the 21st century can't march ahead with the «sins» of the INDI alliance. Addressing a public meeting in Bihar's Champaran. PM Modi said, «In the fifth phase, the INDI alliance has been completely defeated. India of the 21st Century cannot move forward with the sins of the INDI alliance. And that is why in every election the public is strongly attacking parties like Congress and RJD. On June 4, there will be an attack on corruption, politics of appeasement, tukde tukde gang...»

debt mutual funds have outperformed against the return offered on fixed deposits for a tenure of one year. These six categories offered returns ranging between 6.81% — 7.46% in the last one year against the interest rate of 6.8% offered by SBI on fixed deposits for the tenure of one year to less than 2 years. ETMutualFunds analysed the one year performance of the all debt mutual fund categories with the interest rate on fixed deposits offered by the PSU bank — SBI. SBI FD interest rates

We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488 CLSA downgraded Delhivery to underperform from buy earlier post-Q4 results and slashed the target price to Rs 488 from Rs 600 earlier.

Aarti Drugs with a target price of Rs 536. The current market price of Aarti Drugs Ltd. is Rs 489.25. Aarti Drugs Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 4490.57 Crore) operating in Pharmaceuticals sector.

Balkrishna Industries, Kaynes Technology India, and Affle (India). 1] Premier Explosives: Buy at ₹2,477.6, target ₹2,626, stop loss ₹2,394; 2]Bharat Bijlee: Buy at ₹3,884.85, target ₹4,111, stop loss ₹3,744; 3] Kaynes Technology India: Buy at ₹3,234.35, target ₹3,399, stop loss ₹3,144; 4] Balkrishna Industries: Buy at ₹2797.95, target ₹2950, stop loss ₹2699; and 5] Affle (India): Buy at ₹1,233.85, target ₹1,299, stop loss ₹1,188. In the Nifty 50 during the special trading session on Saturday, May 18, range bound activity continued to push the market higher, closing the day up 35 points, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Stock market today: The domestic benchmark indices, Sensex and Nifty 50, are probably going to open higher on Tuesday's trading session, amidst mixed global cues. The Indian benchmark indices is off to a solid start, based on Gift Nifty's trends. The Gift Nifty was trading at a premium of around 70 points from the previous closing of the Nifty futures, at 22,610.

Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 21 According to him, option data suggests a broader trading range in between 22,000 to 23,000 zones while an immediate range between 22,300 to 22,600 levels. Meanwhile, Bank Nifty managed to hold support near 47,000 zones and reclaimed its 50 DEMA. Now it has to continue to hold above 47,777 zones for a bounce towards 48,250 then 48,500 zones, he added.

Netanyahu and the Palestinian militant group Hamas have strongly condemned the International Criminal Court's (ICC) decision to seek arrest warrants for their leaders over alleged war crimes committed during the recent conflict. ICC prosecutor Karim Khan's request targets Netanyahu and Defense Minister Yoav Gallant from Israel, as well as Hamas leaders Ismail Haniyeh and Yahya Sinwar. Israel has strongly criticized the International Criminal Court's (ICC) decision to seek arrest warrants for Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant. The Israeli government labeled the allegations as a «historical disgrace,» according to a report by AFP.

Gold prices inched up on Tuesday, hovering near a record peak hit in the previous session as recent economic data boosted bets that the U.S. Federal Reserve would start cutting interest rates later this year. FUNDAMENTALS

Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday.

US President Joe Biden denied Monday that Israel's war in Gaza was genocide, as he slammed an «outrageous» request by the International Criminal Court's prosecutor for an arrest warrant for Israeli leaders. «What's happening is not genocide,» Biden told a Jewish American Heritage Month event at the White House as he discussed the conflict sparked by Hamas's October 7 attack on Israel.

Also Read: Stock market today: Sensex, Nifty 50 end in green in the second special trading session; all sectoral indices shine Two special live trading sessions were held on Saturday, May 18, for the domestic benchmark indices. First, from 9:15 IST to 10 IST, from a primary site; second, from 11:30 IST to 12:30 IST, from a site dubbed the disaster's recovery site. According to Arvinder Singh Nanda, Senior Vice President of Master Capital Services Ltd., the benchmark indices had a strong run and made up for the losses from the previous week.