Target Financial News

Arvind Kejriwal for skipping multiple summonses of the Enforcement Directorate and said he cannot escape the «long hand» of the law for so long as there is evidence of his involvement in the alleged excise policy scam. Addressing a press conference at the BJP headquarters, party national spokesperson Sambit Patra also slammed the Aam Aadmi Party (AAP) for defending BRS leader K Kavitha, arrested by the Enforcement Directorate (ED) in connection with the case, and said probe agencies' actions are based on evidence. «Political parties do not set up probe agencies,» Patra added. The BJP's reaction came a day after the AAP called the ED a political wing of the BJP and dismissed the probe agency's charges against the party and its national convener Kejriwal calling them blatant and frivolous lies.

Meghana Malkan, malkansview.com, says the first pick that I will be looking at is Maruti. I like the way the pattern seems to be building up in Maruti. 11,300 seems to be a good stop for me as of now technically and I would look at a target of 12,500, so that is one pick. Second, the realty sector looks good to me. DLF seems to be a good pick from realty, Right now it seems to be at an all-time high. If I buy with a stop of 800 to 810, I would easily look at a target of Rs 900 plus if I build on the same trade advice. We are seeing markets being at a one-month low. How do we go about the markets hereon? Meghana Malkan: Broadly, I feel both the major indices, Nifty and Bank Nifty, are in a correction zone right now. The major reason being the multiple divergences on the oscillators. Volumes do not seem to be matching going along the price range. I believe there is some kind of disparity in the price volume as well. Nifty can find good support around 21,700. One could choose their strategy stock-specific or sector-specific but broader markets look to be a little in the correction zone.

markets steadied at the open Tuesday before a US Federal Reserve meeting and after the Bank of Japan hiked interest rates for the first time since 2007. London's FTSE 100 was flat at 7,725.29 points while the Paris CAC 40 was also little changed at 8,150.60 points.

Mumbai blasts. “The emerging gangster-Pro-Khalistani Elements (PKEs) nexus is akin to the scenario that existed in Mumbai in the early ’90s,” the NIA has observed in multiple charge sheets. The two main gangs at loggerheads now are those of Lawrence Bishnoi and Kaushal Chaudhary, similar to the rivalries of underworld dons Dawood and the now jailed Chhota Rajan. The federal agency is investigating more than a dozen cases involving terrorist-gangster syndicates and PKEs and have arrested more than 45 suspects. However, foreign handlers in Canada, United States, Australia, Dubai and the United Kingdom continue to remain at large. ET joins the dots. Lawrence Bishnoi gang Jailed Lawrence Bishnoi is said to be the mastermind who brought together the criminal gangs of Punjab, Haryana, Uttar Pradesh, Rajasthan, Delhi and Chandigarh. “The growth of Lawrence Bishnoi and his terror syndicate has tremendous similarities to the rise of Dawood Ibrahim, a wanted terrorist, gangster and drug kingpin who heads the notorious organised terror syndicate D-Company,” as per the NIA.

Indian share markets have experienced notable volatility since the year began, characterized by significant fluctuations. This volatility largely stems from high valuations in the small and mid-cap segments, triggering profit-taking sessions amid global economic concerns. Despite these fluctuations, investor optimism remains strong, buoyed by positive macroeconomic indicators like inflation and GST collections.

AU Small Finance Bank, in October last year, announced the merger scheme with Fincare Small Finance Bank Ltd, which the Reserve Bank of India (RBI) approved earlier this month. The merger will take effect on April 1 and all branches of Fincare Small Finance Bank will function as branches of AU Small Finance Bank from that date.

Hindenburg Research has established itself as one of the most powerful voices in public activist short-selling, hammering the share prices of multiple big name companies in recent years with its blockbuster reports.

TOKYO (Reuters) — Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S. Steel is based if the deal goes through, an executive said, adding to the pledges from the Japanese steelmaker to secure the transaction.

Investing.com-- While the Bank of Japan raised interest rates for the first time in 17 years on Tuesday and signaled an end to its negative rates and yield curve control policies, ANZ analysts said that the bank will need much more convincing to hike rates further. 

Colgate-Palmolive (India) with a target price of Rs 2885. The current market price of Colgate-Palmolive (India) is Rs 2663.95. Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 72670.48 Crore) operating in FMCG sector.

HEG with a target price of Rs 2220. The current market price of HEG Ltd. is Rs 1830.4. HEG Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 7045.80 Crore) operating in Industrial Consumables sector.

Investing.com-- The Bank of Japan hiked interest rates for the first time in 17 years on Tuesday, marking an end to nearly a decade of ultra-loose policy on growing confidence that a «virtuous cycle» of its inflation targets and wage stability will be achieved. 

HDFC Bank, Kotak Mahindra Bank has a buy rating on InterGlobe Aviation, Jefferies recommended a buy on Piramal Pharma and UBS maintained a buy on Infosys.

TMC leader Derek O'Brien on Tuesday said the party wants Supreme Court-monitored Lok Sabha polls as BJP's tricks are «destroying» institutions like the Election Commission. The TMC party leader in Rajya Sabha wondered whether the BJP is so nervous of facing the people that it is turning the EC into «its party office». «BJP's filthy tricks destroying institutions like Election Commission of India. Are BJP so nervous to face people that they are turning ECI into a party office to target Opposition? ECI or His Master's Voice?» He posted on X. «Transferring officers of elected state governments! For free and fair elections. We want Supreme Court-monitored Election 2024», he further said.

graphite. Graphjet Technology said it can turn palm kernels into graphite — an essential component in EV battery anodes — from its facility in Malaysia, one of the world’s top producers of palm oil. The company, which started trading on Nasdaq Friday, expects to begin producing the ingredient in the second quarter, targeting an annual capacity of 3,000 tons, according to Chief Executive Officer Aiden Lee. Synthetic graphite, which accounts for most of global production, is typically made from petroleum coke, in an expensive and carbon-intensive process. Graphjet says its process cuts the carbon footprint by 83% while reducing costs by 80%.

The Nifty future closed flat at 22134 levels on Monday. India VIX was up by 1.50% from 13.69 to 13.90 levels.

Archean Chemical Industries with a target price of Rs 693. The current market price of Archean Chemical Industries Ltd. is Rs 613.6. Archean Chemical Industries Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 7650.61 Crore) operating in Chemicals sector.

By Leika Kihara

By Ankur Banerjee

Buy or sell stocks: The range-bound action continued in the Indian stock market for the second consecutive session on Monday. The Nifty 50 index ended 32 points higher at the 22,055 level, the BSE Sensex finished 104 points higher at the 72,748 mark while the Bank Nifty index went off 18 points and closed at the 46,575 level.

Gaza City and Khan Younis. In a post on X (formerly Twitter), Biden said he had a telephonic conversation with Israeli PM Benjamin Netanyahu regarding the latest developments in Israel and Gaza.