Target Financial News

Nifty is poised to take a pause and consolidate, maintaining a positive bias within the broader range of 21,600-20,800. Analysts suggest that any potential breakout above 21,600 could propel the index to a new all-time high within the range of 22,000-22,200. Stocks such as L&T, Reliance, HDFC Bank, Manappuram Finance, Maruti, GAIL, Hindalco, Arvind Fashion, Hind Oil Exploration, Graphite, Engineers India, Persistent, Mphasis, and Cummins are expected to sustain strong buying interest, according to analysts. ARPAN SHAH, SENIOR RESEARCH ANALYST, MONARCH NETWORTH CAPITAL Where is the Nifty headed this week? Nifty has rallied from 18,850 to 21,593 in the last two months.

electric vehicles (EVs) into the next financial year and is likely to seek additional resources in the interim budget to expand its corpus. With the third edition of the Faster Adoption and Manufacturing Electric Vehicles (FAME) scheme yet to get a nod from the finance ministry, possibilities are being explored to extend the current edition till a new supporting framework is put in place, sources aware of the details told ET. «Additional funds for FAME II can be sought in a vote on account,» said a person aware of the matter. The extension would not require multiple approvals as needed for a fresh scheme and will help maintain momentum in the market in the interim, he added. Next year's budget will be a vote on account as general elections are due in April-May.

The yen meanwhile steadied near its recent five-month peak on the prospect that the Bank of Japan (BOJ) could soon mark an end to its ultra-easy policy. For most of 2022 and 2023, the policy has kept the Japanese currency under pressure as other major central banks globally embarked on aggressive rate-hike cycles. Currency moves were largely muted in the day after Christmas, with markets in Australia, New Zealand and Hong Kong still out for the Boxing Day public holiday. Against the greenback, the euro slipped 0.06% to $1.1019, but was not too far from a more than four-month top of $1.1040 hit last week. Sterling was little changed at $1.2701, while the Australian and New Zealand dollars were huddled near their recent five-month peaks. The dollar index languished near a five-month low of 101.42 hit last week, and was last at 101.65. Data released on Friday showed U.S.

Jerusalem: Israel's military on Monday claimed new evidence linking a north Gaza hospital to hostages seized by militants, saying it found the car of a captive mistakenly killed by troops inside the facility. A Toyota Corolla with an Israeli licence plate belonging to the family of Samer El-Talalqa has been found inside the Indonesian hospital, the army said.

Equirus Securities has initiated coverage on IndiaMART InterMESH, parent of online marketplace IndiaMart, with a 'long' rating and a price target of ₹3,180 by March 2025. The price target implies an upside of 17% over the stock's Friday closing price of ₹2,710. The brokerage said IndiaMART is trading at a premium to multiples of classifieds-based models listed globally and in India, barring Info Edge.

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Allakos, Discover Financial, and Spotify; downgrades for PepsiCo and Nike.

By Leika Kihara and Takahiko Wada

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TOKYO (Reuters) — Japan's business-to-business service inflation was steady at 2.3% in November, data showed on Tuesday, suggesting companies were gradually passing on rising labour costs amid prospects for sustained wage gains.

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Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This New Year, enjoy up to 50% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

farmers are cultivating climate resilient wheat varieties which has been sown in more than 60 per cent of the planted area of 30.86 million hectares so far, according to agriculture commissioner P K Singh. Wheat is the main rabi (winter) crop, sowing of which normally begins in November and harvesting is done from March-April. As per the agriculture ministry data, wheat sown area stood at 30.86 million hectares till December 22 of the ongoing rabi season, slightly lower than 31.44 million hectares in the year-ago period.

Infosys share price impact: Infosys shares are anticipated to experience substantial volatility in Tuesday's trading session following the company's loss of a multi-year contract valued at USD 1.5 billion. Analysts expect shares of Infosys to open in the red in tomorrow's session.

MV Chem Pluto, off the coast of India in Arabian Sea, Iran's foreign ministry rejected "worthless" Washington's accusations. "We declare these claims as completely rejected and worthless," said foreign ministry spokesman Nasser Kanani when asked about the US accusations.

Israel-Hamas war: Stepping up its attack against Palestine, Israeli Defence Forces (IDF) conducted some deadly Christmas Day raids against Palestinian targets in the occupied West Bank. Israeli forces conducted overnight raids in Nablus, Jericho, Ramallah, and Bethlehem, areas that hold significance for Christians as they believe Bethlehem is the birthplace of Jesus Christ, as per news platform Al Jazeera.

Leopold café through aggregator Swiggy. The incident came to public attention when the man, named Ujwal Puri, shared images and a video of the food he was delivered. He posted on X (formerly Twitter): «My Mumbai Christmas Surprise ordered food from Swiggy from Leopold Colaba got this half cooked medicine in my food.» It may be mentioned here that he had ordered chicken in oyster sauce. In his post, Puri also tagged Swiggy. Puri's post quickly went viral.

₹2,630.93 crore, with operating loss at ₹1,100 crore. In the first quarter of this financial year, the company’s operating loss was at ₹182 crore. Ola Electric is looking to raise ₹5,500 crore via a fresh issue of 95,191,195 equity shares in its IPO, targeting a valuation of $7-8 billion (about ₹62,000 crore) in early 2024.

₹15.44 apiece at the start of 2023, have risen 196.43% to trade at the current value of ₹45.77. Founded in 1974, Lloyds Engineering Works (LEWL) is predominantly involved in the development, production, and deployment of robust equipment, machinery, and systems tailored for the hydrocarbon sector, oil and gas, steel plants, power plants, nuclear plant boilers, and comprehensive turnkey projects.

Iran denied on Monday a U.S. claim that a drone launched from Iran had struck a chemical tanker in the Indian ocean. The Pentagon said at the weekend that the Liberia-flagged, Japanese-owned and Netherlands-operated Chem Pluto ship was hit 200 nautical miles off the coast of India.

crude oil purchased from the UAE is helping the world's third largest energy consumer push for taking the local currency global, as it looks for similar deals with other suppliers, officials said, adding internationalisation is a process and there are no targets. With the nation more than 85 per cent dependent on imports for meeting its oil needs, India has been pursuing a three-pronged strategy of buying from the cheapest available source, diversifying sources of supply and not breaching any international obligation like the price cap in case of Russian oil. While the strategy helped save billions of dollars, when it ramped up imports of Russian oil that was shunned by some in West post Ukraine war, it is looking to settle trade in rupees instead of dollars in a bid to cut transaction costs by eliminating dollar conversions. India in July signed an agreement with the UAE for rupee settlement and soon after Indian Oil Corporation (IOC) made payments for purchase of a million barrels of crude oil from Abu Dhabi National Oil Company (ADNOC) in Indian rupees. Some of the Russian oil imports too have been settled in rupee. Officials said the default payment currency for import of crude oil has been the US dollar for several decades and the currency traditionally has liquidity as well as lower hedging cost. But to boost the rupee's role in cross-border payments, the Reserve Bank of India allowed more than a dozen banks to settle trades in rupees with 18 countries since last year. Since then, India has been encouraging big oil exporters such as the UAE and Saudi Arabia to accept the Indian currency for trade settlements, officials said, adding the first success happened in August this year when IOC made the rupee

The S&P BSE Sensex rose more than 200 points, while the Nifty50 closed above the 21,300 mark on Friday. Sectorally, buying was seen in realty, IT, metal, auto, and healthcare stocks, while selling pressure was seen in the banking space. Stocks that were in focus include names like AstraZeneca Pharma, which rose more than 13% to hit a fresh high, Caplin Point, which gained more than 8%, and JB Chemicals, which closed with gains of over 9% to hit a fresh record high. We have collated a list of three stocks that either hit fresh 52-week highs or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Expert: Mitesh Karwa, Research Analyst Bonanza Portfolio AstraZeneca Pharma: Target Rs 6,000 | Stop Loss: Rs 4,950 AstraZeneca Pharma is seen breaking out of a rounding bottom formation on the weekly timeframe with a bullish candlestick and above-average volumes, which indicates bullish strength. The stock is making higher highs and higher lows and is trading above all its important EMAs.