Target Financial News

Infosys: Recovering from the loss of a billion-dollar deal in December, Infosys has kicked off 2024 with momentum, securing two significant contracts. The most recent is a $300 million contract with Singapore-based Pacific International Lines running until 2027, according to industry executives. The Singapore deal marks Infosys's second significant multi-year contract announcement within a month, following a seven-year agreement with Irish food retailer Musgrave on 31 January to automate its IT functions using AI and cloud solutions.

Buy or sell stocks for today: On account of strong global market sentiments, the Indian stock market ended higher for a third straight session on Thursday. The Nifty 50 index finished 70 points higher at the 21,910 level, the BSE Sensex surged 227 points and closed at the 72,050 mark while the Bank Nifty index shot up 310 points and ended at the 46,218 level.

General Elections 2024 Stock Picks: Lok Sabha elections act as one of the key triggers which significantly impacts the market volatility based on corporate announcements, sentiment changes and results of pre-poll surveys. This year’s general election has gained heightened prominence due to India's importance in geopolitics, position in emerging markets, and a contest for PM Modi to form government for the third consecutive term.

Analysts at most top brokerages raised or retained their share price targets on M&M after the company’s net profit in its third quarter exceeded expectations. Stock jumped 6.81% to close at Rs 1,769.8 on Thursday after hitting its 52-week high of Rs 1,784.9. The average analyst price target on the company available on Bloomberg after Q3 results stood at Rs 1884.8, implying an upside of 6.5% from Thursday’s closing. Analysts at Kotak Securities said that although near-term demand for tractors is expected to be muted, the demand for SUVs is likely to remain steady, supported by a robust order backlog.

Japanese stocks have witnessed significant gains since the beginning of the year, propelling the Nikkei 225 index past the 38,000 mark for the first time since 1990.

The New York State Common Retirement Fund plans to restrict its investments in Exxon Mobil Corp. and seven other oil and gas companies after reviewing their efforts to shift to a low-carbon economy.

Macquarie Equity Research analysts downgraded shares of (SONY) to Neutral from Outperform in a note Thursday, noting that the stock is close to their JPY 15,000 price target.

he Polygon (MATIC) Network is buzzing with solid buying signals, attracting investors scouring the market for the best crypto to buy for high gain.

By Seher Dareen and Ross Kerber

WASHINGTON (Reuters) — The U.S. economy has exceeded expectations to achieve a strong, broad-based recovery, and current improvements in business dynamism, workforce engagement and investment could pave the way for durable longer-term growth, the White House said on Thursday.

Goldman Sachs strategists have adjusted their market outlook for Europe, setting a new 12-month target for the Stoxx Europe 600 Index at 510, up from their previous forecast of 500.

(Reuters) — U.S. stock index futures were subdued on Thursday with a slew of economic data reports on the radar, while investors looked ahead to commentary from central bank officials on the timing of the Federal Reserve's first interest-rate cut.

Investing.com -- U.S. stock futures inch higher, pointing to a continued recovery on Wall Street from a decline posted earlier this week. Cisco Systems (NASDAQ:CSCO) lowers its annual guidance and outlines plans to slash headcount, as executives at the network equipment manufacturer warn of weak future demand. Elsewhere, Warren Buffett's Berkshire Hathaway (NYSE:BRKa) cuts its stake in tech giant Apple (NASDAQ:AAPL).

Researchers in Canada have developed a novel approach to treat liver cancers using magnet-guided microrobots in an MRI device. Guided by an external magnetic field, miniature biocompatible robots, made of iron oxide nanoparticles, can theoretically provide medical treatment in a very targeted manner, the researchers said. However, there has been a technical obstacle: the force of gravity of these microrobots exceeds that of the magnetic force, which limits their guidance when the tumour is located higher than the injection site, they said. «To solve this problem, we developed an algorithm that determines the position that the patient's body should be in for a clinical MRI to take advantage of gravity and combine it with the magnetic navigation force,» said Gilles Soulez, a researcher at the University of Montreal.

Nithin Kamath, CEO of Zerodha, an Indian brokerage firm, raised a red flag about phishing websites designed to deceive users into downloading fake trading apps. “After the Chinese loan apps scam, the latest scam from actors in China and other Asian countries is phishing websites. Fraudsters are creating hundreds of websites and trading apps that look similar to the websites of Indian brokers," Kamath said in a post on social media platform X.

LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday.

By Pablo Mayo Cerqueiro, Andres Gonzalez and Oliver Hirt

Mutual fund managers continued their robust equity purchases for the fifth consecutive month in December 2023, pushing their total net equity investments over ₹1.7 trillion in the calendar year. Fund managers bought equities worth ₹230 billion (bn) until 28 December compared to ₹180 bn in November 2023, data from the Securities and Exchange Board of India (Sebi) showed. With inflows into equity MF schemes remaining positive for the past 34 months, domestic MFs have emerged as a pillar of support for the stock market.

By Tim Hepher

(Reuters) — European shares rose on Thursday as investors digested a slew of better-than-expected corporate earnings and UK's GDP data, while comments by European Central Bank President Christine Lagarde on disinflation process in the euro zone lifted sentiment.

Investing.com-- The Japanese economy unexpectedly shrank in the fourth quarter of 2023, entering a technical recession as sticky inflation and a weak yen weighed on private spending, which largely offset improved export demand.