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₹6,000 crore in the paints division, intent on making its mark in the market. The company has set up three major production facilities in Panipat (Haryana), Ludhiana (Punjab), and Cheyyar (Tamil Nadu), expected to be operational by March 2024. Plans include three additional plants in Chamarajanagar (Karnataka), Mahad (Maharashtra), and Kharagpur (West Bengal), aiming for all six to be functional by fiscal year 2025 (FY25).

Gold rate today, 26 Feb 2024: Amid speculations of a positive outcome in the US Q4 GDP data to be released on Wednesday this week, the US dollar index regained 104 level in early morning deals and touched a two-month high. This put gold rate today under pressure on Monday morning session in the Asian stock market today. Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry opened lower at ₹62,327 per 10 gm level and went on touch an intraday low of ₹62,198 per 10 gm.

Shriram Finance, KFin Tech, Eicher Motors, TVS Motors, Coal India, L&T, Thermax, NTPC, JSW Energy, Godrej Properties, Macrotech Developers, Bharti Airtel, Honasa Consumer, Zomato, Piramal Pharma, Apollo Hospitals, Ultratech Cement, Ambuja Cement, Kajaria Ceramics, Amber Enterprises, Supreme Industries, and PI Industries. Axis Bank: Axis Bank is one of Jefferies' top picks, as it believes that past investments have made the franchise stronger and that the bank is on track to deliver 16-18% growth in loans, improve its deposit profile, and sustain ROE of 18%. Integration with Citibank’s India retail platform is progressing well with limited attrition among staff and customers and significant scope for synergies in 60 areas on revenues and cost.

₹1,140. However, it subsequently endured a substantial downturn, plummeting by almost 300 points, constituting a significant 26 per cent decline. Presently, the stock seems to have discovered a level of support within the bracket of ₹840-900, suggesting a potential stabilization in its price movement.

Maruti Suzuki India, Mahindra & Mahindra (M&M) and TVS Motor Company. Among auto ancillaries, the brokerage has a ‘Buy’ rating on Bharat Forge, Samvardhana Motherson International, Sansera Engineering and Suprajit Engineering. Also Read: Stocks To Buy: HDFC Securities sees 14-18% upside for SAIL Here are the three auto stocks to buy after Q3 results, as per HDFC Securities: Maruti Suzuki’s Q3FY24 net profit at ₹3,130 crore surpassed HDFC Securities’ estimates of ₹2,820 crore, led by a better-than-expected margin.

Investing.com-- Most Asian currencies fell on Monday, while the dollar regained some ground as investors hunkered down before a barrage of cues on interest rates and U.S. inflation due later this week. 

Kotak Mahindra Bank with a target price of Rs 2,050, while Morgan Stanley recommended an Equal Weight on SBI Cards, JPMorgan has a neutral rating on GAIL India and BofA maintained a buy rating on Embassy Office Parks Ltd. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Indian stock market today: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. After climbing to a new all-time high of 22,297, the Nifty 50 index went off 4 points and closed at the 22,212 level, the BSE Sensex slipped 15 points and ended at the 73,142 mark while the Bank Nifty index lost 108 points and finished at 46,811 level.

Sensex eased 15.44 points to close at 73,142.80, while the Nifty 50 ended 4.75 points, or 0.02%, lower at 22,212.70. Nifty 50 formed a small negative candle on the daily chart at the new highs. “Nifty is currently placed at the previous broken resistance area of 22,200 levels.

Buy or sell stocks in Indian stock market today: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. After climbing to a new all-time high of 22,297, the Nifty 50 index went off 4 points and closed at the 22,212 level, the BSE Sensex slipped 15 points and ended at the 73,142 mark while the Bank Nifty index lost 108 points and finished at 46,811 level.

Abu Dhabi sovereign wealth fund and Goldman’s asset-management arm struck a partnership to invest alongside each other in the Asia-Pacific region, with a particular focus on India. The pact follows a similar mandate the New York-based firm received from the Ontario Municipal Employees Retirement System in September.

LONDON (Reuters) — British employers advertised the fewest jobs in nearly three years last month, with numbers down 15% from a year ago, figures from recruitment data company Adzuna showed on Monday, adding to signs that the labour market is cooling.

By Jamie McGeever

In the latest market activity, Bonk (BONK/USD) is trading at $0.000012, marking a increase of nearly 1% in the past 24 hours.

Acer, known for its laptops and PCs, is expanding into home electronics, with plans to manufacture and export appliances such as water and air purifiers, refrigerators and vacuum cleaners from India, a market that last year became the Taiwanese IT hardware major's second largest for its global operations after the US. Harish Kohli, managing director, Acer India, told ET that the company is already on track to meet the targets for the first year of the revised production-linked incentive (PLI) scheme that started from April 2023 on the back of strong shipments in the commercial space and exports. Under plans to diversify its business in one of the only markets that saw growth-revenue rose 19-20% on-year-in 2023, Kohli said a company named AcerPure is being formed under which the laptop-maker will be selling consumer appliances. AcerPure «will get registered in the next couple of weeks in India and we are going to be a very strong player».

Dhruv Jurel played out of his skin to 90 and whittled England’s first-innings lead down to only 46 and the spin ruled the roost. The sheer class of R Ashwin and Kuldeep Yadav was too much to resist and England had their worst batting day of this series, collapsing from 110 for 3 to 145 all out, leaving India with a target of 192 on a tricky pitch. When the day began, India were well behind the game, at 219 for 7 and staring at the real possibility of allowing England to take a sizeable lead.

Durable, high GDP growth requires inflation to be under control but real interest rates above 2% may not be sustainable when it comes to supporting the growth needs of the Indian economy, said Shashanka Bhide, member of the Monetary Policy Committee of the Reserve Bank of India. If one goes by the MPC's projection of 4.5% average inflation in FY25, the prevailing policy repo rate of 6.5% translates into a real interest rate of 2%. Edited excerpts of an interview with ET: In your view, what is an appropriate level of real interest rate that pushes inflation back to target while ensuring that growth is supported? With the policy rate as the instrument, there is a trade-off in terms of growth while bringing down the inflation rate to the target. However, a moderate inflation rate is also needed to achieve sustained high growth. While real interest rates above 2% may not be sustainable from a growth perspective, the persistence of inflation above the target is also unacceptable in the present framework.

Reliance Industries and the Walt Disney Company have signed a binding agreement to merge Viacom18 and Star India, with the deal expected to be announced early this week, people privy to the development told ET. The deal, which has been in the works for over four months, will create India's largest media empire, spanning TV broadcasting, streaming, movies and sports. The two media companies generated revenue of ₹25,000 crore between them in FY23. «The merger deal has finally been signed after months of negotiations. The announcement will happen early this week. It was expected to happen late last week,» a top executive told ET on the condition of anonymity. According to another person, Reliance may own 61% of the proposed combined company, with Disney holding 33% and Bodhi Tree Systems having the remaining 6%.

Here is your Pro preview of the upcoming major earnings reports next week: Salesforce, eBay, Zoom, and Weekday.

WASHINGTON (Reuters) — Donald Trump's comments asserting that Black voters were more drawn to him after his multiple indictments on criminal charges drew sharp rebukes over the weekend from his Republican challenger for the presidential nomination, civil rights activists and others.

Kalpen Parekh, 51, believes in conservative investing. However, the managing director and chief executive officer of DSP Mutual Fund, has now tweaked his strategy on debt investments. “Our view is that interest rates are now reasonably priced and long-duration looks attractive right now," Parekh says.