Target Financial News

Buy or sell stocks for today: After showing a sideways movement (a term used to describe a market that is neither trending up nor down) with a weak bias (a slight inclination towards a particular direction) on Monday, the Indian stock market slipped into the weakness zone (a period of declining prices) with range-bound action (a situation where the price of a security trades in a narrow band) and ended lower on Tuesday. The Nifty 50 index dipped 140 points and closed at the 22,302 mark, the BSE Sensex corrected 383 points and closed at the 73,511 level, while the Bank Nifty index lost 609 points and finished at the 48,285 mark.

The Claman Countdown panelists Ted Weisberg and Tim Urbanowicz discuss interest rates, Apples iPad Pro and Disneys earnings.

REC Ltd is targeting Rs 10 lakh crore of loan book by 2029-30, with 50-60% comprising conventional power generation, transmission and distribution projects, and 30% focused on the renewable energy segment, chairman Vivek Kumar Dewangan told ET.

Mint explains why. Banks faced a non-performing asset (NPA) crisis between 2009 and 2012 due to excessive lending to infrastructure firms, prompting the Reserve Bank of India to frame guidelines on resolving stressed assets. Its first circular in 2019 laid down the framework for banks.

KYIV, Ukraine—The Ukrainian Security Service said it foiled a Russian plot to assassinate President Volodymyr Zelensky by striking his convoy with missiles and drones, calling it the latest attempt by Moscow to eliminate the Ukrainian leader. The agency, known as the SBU, said it had detained two senior officers in the country’s Department of State Security, which is responsible for protecting the president. The SBU said they were two of five agents working on the plot under the direction of Russia’s Federal Security Service, the FSB.

Bar and Bench reported. "Endorsements by public figures, influencers, celebrities, etc go a long way in promoting a product, and it is imperative for them to act with responsibility when endorsing any product in the course of advertisements," the apex court added.

BJP leader Manohar Lal Khattar on Tuesday said the decision to replace him as the chief minister of Haryana with Nayab Singh Saini was not a sudden one and he had suggested this to Prime Minister Narendra Modi more than a year ago. Khattar said the Congress leaders have been spreading falsehood about the leadership change in Haryana.

BJP in Haryana amid the Lok Sabha elections, three Independent MLAs on Tuesday announced that they have withdrawn their support to the Nayab Singh Saini-led government in the state. The three MLAs — Sombir Sangwan, Randhir Gollen and Dharampal Gonder — also said that they have decided to extend support to the Congress during the elections.

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year. 

BJP Karnataka handle, citing its violation of the existing legal framework.

Chinese leader Xi Jinping’s visit to European ally Serbia starting Tuesday falls on a symbolic date: the 25th anniversary of the bombing of the Chinese Embassy during NATO’s air war over Kosovo

₹2,912.45 apiece on Tuesday, marking a 10% increase over the past three trading days, driven by impressive results for the March quarter (Q4FY24). The company's pre-sales, or booking value, reached ₹9,500 crore for the quarter, leading to an annual total of ₹22,500 crore—an 84% increase that surpassed the guidance of ₹14,000 crore. This surge was primarily fuelled by strong demand in new project launches, resulting in volumes growing 88% sequentially to 8.17 million square feet (msf).

Global fintech firm Revolut has introduced its standalone crypto trading platform  called Revolut  X, catering to  UK  retail customers.

The Canada Revenue Agency (CRA) is cracking down on crypto, going after C$54m ($39.5m) in suspected unpaid taxes. It is also launching investigations into hundreds of crypto investors.

Kangana Ranaut is in no mood to mince her words. The ‘Queen’ star, who earlier hit the headlines (and got targeted by trolls) for comparing herself to Amitabh Bachchan, doubled down on her controversial statement.

Greater Chennai Corporation has implemented stricter regulations concerning pets, especially dogs, in public spaces. The incident, which occurred in Chennai's Thousand Lights area, has prompted authorities to take strict action to enhance safety measures.

Lupin fell 5% to Rs 1,598.3 in Tuesday's trade on BSE despite the pharma firm reported a 52% year-on-year (YoY) growth in its consolidated net profit at Rs 368 crore for the quarter ended March 2024. The same stood at Rs 242 crore in the last year quarter. Its revenue from operations in the same period jumped 12% YoY to Rs 4,961 crore as against Rs 4430 crore in the corresponding period of last year.

Axis Bank Ltd is on a lookout to hire Asian expatriates to help the lender win business from multinational companies.

market breadth, volatility is back. As the valuations are still in high zone and even a small correction can lead to sharp cut in stock prices it would be better for any investor in a corrective phase that fresh investment should be made in large cap stocks as there is a possibility that they would see less damage in correction which might continue for some more sessions. In the near term some more profit booking cannot be ruled out in sectors on a rational basis, but over a period of time it is likely that underlying sentiment will remain bullish. Though the decider of the trend would be the election results. When markets are trading with strong bullish bias, some of the stocks tend to move off from the list of algorithm based stock buying lists. This includes even the best of long term wealth creators. The reason, the potential upside in them is less than the algo defined levels. As soon as the market corrects, some of them are back on the list. As they are back this week, stocks like Bajaj finance and Kotak mahindra bank, Hdfc banks are back on the list. Even some of the new age which after the recent run up had gone off the list are back on it.

Marico jumped 10% on BSE in Tuesday's trade to the day’s high of Rs 583 after the FMCG major on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23.

ANI. It is not known if the terrorists engaging in a firefight were the ones behind the May 4 attack on the IAF convoy, reported ANI. Meanwhile, search operations have intensified from the Surankote to the Jarran Wali Gali areas amid heavy security deployment in the area.