Target Financial News

BSE. In the one week period, Adani Ports share price has rallied more than 9%.

₹1,254.15 in morning trade on BSE on Thursday, January 4. This came right after the stock's significant surge of nearly 11 per cent in the previous session. Sobha share price opened at ₹1,125.95 against the previous close of ₹1,116.65 and jumped over 12 per cent to hit its record high level.

Buy or sell stocks for today: Following weakness in global market sentiments, Indian stock market extended the selling spree for second straight session on Wednesday. Nifty 50 index lost 148 points and closed at 21,517 levels, BSE Sensex crashed 535 points and closed at 71,356 mark whereas Nifty Bank index went off 56 points and finished at 47,704 levels.

₹51,000 crore from the sale of the government’s shares in public sector companies. It is unlikely that any new big-ticket additions will be made to the divestment list for FY25, the people mentioned above said on condition of anonymity. “For FY25, the divestment targets will likely be lower than the FY24 target as the focus will be to complete stake sale processes initiated during FY24," one of the two people cited above said.

After-Hours Stock Movers:

NEW DELHI : The new BJP government in Rajasthan has sought the union health ministry’s approval to integrate the previous administration’s Chiranjeevi health insurance scheme with the Centre’s Ayushman Bharat programme, two officials privy to the matter said. The scheme, to be named Ayushman Bharat Mukhyamantri Chiranjeevi Health Insurance Scheme, is expected to retain the existing benefits of the state scheme, including a ₹25 lakh insurance cover in both private and government hospitals, the officials said. The Chiranjeevi scheme, introduced by former chief minister Ashok Gehlot of the Congress party, offers higher coverage compared to Ayushman Bharat’s ₹5 lakh.

Federal Reserve Bank of Richmond President Thomas Barkin said a soft landing for the US economy is looking more likely but hardly certain, noting he’d need more conviction about the path of inflation before supporting a rate cut. “A soft landing is increasingly conceivable but in no way inevitable," Barkin, who will vote on policy decisions this year, said in a speech Wednesday.

Federal Reserve Minutes may elaborate on coming rate cut debate, here are 5 things to know "A few" Fed officials said they felt the Fed was approaching a point where the central bank may face a "tradeoff" between its dual goals of controlling inflation and maintaining high rates of employment - the sort of sacrifice policymakers have hoped to avoid in their search for a "soft landing" from the worst breakout of inflation in 40 years. "Participants pointed to the decline in inflation seen during 2023, noting the recent shift down in six-month inflation readings in particular," the minutes said, which through November were running just below the Fed's 2% target.

By Howard Schneider

Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to minutes from the meeting released Wednesday. At the meeting, the rate-setting Federal Open Market Committee agreed to hold its benchmark rate steady in a range between 5.25% and 5.5%. Members indicated that they expect three quarter-percentage point cuts by the end of 2024. However, the meeting summary noted a high level of uncertainty over how, or if, that will happen. «In discussing the policy outlook, participants viewed the policy rate as likely at or near its peak for this tightening cycle, though they noted that the actual policy path will depend on how the economy evolves,» the minutes stated. Officials noted the progress that has been made in the battle to bring down inflation.

Analysts at Jefferies upgraded London-listed shares of GSK (GSK) to Buy and downgraded AstraZeneca (NASDAQ:AZN) to Hold in a note covering European Pharmaceutical stocks on Wednesday. The GSK price target was lifted to 1,900p from 1,550p per share, while the AZN price target was cut to 11,000p from 12,500p.

Adani Ports board approves raising up to ₹5,000 crore via non-convertible debentures The brokerage firm assigned the "underperform" tag for BHEL with a revised price target of ₹80, up from ₹50 previously. Despite a notable 150% rally in BHEL shares in 2023, Jefferies expressed concerns about the industry's overcapacity in a relatively subdued demand environment.

Israel-Hamas war: The United States is risking its position on the global stage as it decides to back Israel in its war against Gaza. But, serious disagreements seem near as Israel plans to push Palestinians out of Gaza and called for Israeli settlers to return to the region.

Al Jazeera. “The current number of the injured is 141, some of whom are critically injured," he said. ALSO READ: Iran terror attack LIVE Footage suggested that the second blast occurred some 15 minutes after the first while people were present at an event honouring a prominent Iranian general Qasem Soleimani who was slain in a US airstrike in 2020.

Tesla shares had a stellar 2023, in large part because they had such a dismal end to 2022. By the same logic, this year could be tough for the world’s most traded stock. The company delivered roughly 485,000 electric vehicles last quarter—a bit better than expected, but worse than its Chinese rival BYD, which sold about 526,000.

(Reuters) — Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will invest in startups related to the life sciences sector.

Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing, but obstacles remain that will require caution from him and his fellow policymakers.

More than $460 million in longs liquidated across the crypto market over the past hour alone after the price of Bitcoin dropped by 8% on rumors that the SEC might delay spot ETF approval.

Nagpur-based BJP functionary Sana Khan's murder in Madhya Pradesh have recovered a laptop and a mobile phone from the Jabalpur residence of her estranged husband and prime accused Amit alias Pappu Sahu on Wednesday, an officer said. Police searched Sahu's residence and seized a laptop and other gadgets. The house belongs to Sahu's mother, said DCP, Zone II, Rahul Madne.

Jefferies reiterated a Hold rating on Tesla (NASDAQ:TSLA) and raised their 12-month price target on the stock to $255.00 (From $210.00) following the electric automaker’s 4Q volume report.

Israeli strike killed the deputy leader of Palestinian militant group Hamas. The day after loud blasts ripped through the district from the drone attack that killed Saleh al-Aruri, armed men of Hezbollah were standing guard in the mainly Shiite Muslim area that is their stronghold. Local residents said they were surprised to learn that their busy street housed the secretive Hamas bureau in a non-descript three-storey building nestled next to a pharmacy and a sweets shop. Israel has not claimed the deadly attack but Hamas, the group behind the October 7 attack that sparked the Gaza war, and Lebanese officials have no doubt it was Israel who killed Aruri and six Hamas operatives. Beirut's southern suburbs have long been a stronghold of the Iran-backed Hezbollah armed group, but it is also an overcrowded residential area packed with civilians, shops and restaurants. «No one knew that there was a Hamas office here,» said Ahmed, 40, who works in the nearby sweets shop.