Target Financial News

climate change. This year, four topics are expected to dominate the negotiations: a report on the worldwide implementation of the landmark Paris accord called the “global stocktake," the future of fossil fuels, climate finance for poorer countries and the setting up of a fund to pay for climate damage. The meeting in Dubai is the 28th conference of the parties—or COP28—to the United Nations Framework Convention on Climate Change, the global climate treaty signed in 1992 in Rio de Janeiro.

Raymond has been in focus this month amid reports that Chairman Gautam Hari Singhania's estranged wife Nawaz Modi has demanded 75 percent of his fortunes. The couple announced separation earlier this month. Nawaz Modi, the estranged wife of billionaire industrialist Gautam Singhania, has come out with allegations of physical abuse against her husband.

Israel and Hamas will continue, both sides said Thursday, moments before the deal was due to expire, though details of any official agreement remained unclear. Minutes before the halt in fighting was due to expire at 0500GMT, Israel's military said the "operational pause" would be extended, without specifying for how long.

Investing.com-- Japan’s Nikkei 225 and South Korea’s KOSPI were the best performers in Asia in November as the prospect of a less hawkish Federal Reserve boosted risk assets across the region. 

JSW Steel with a target price of Rs 903. The current market price of JSW Steel Ltd.

Aster DM Healthcare with a target price of Rs 430. The current market price of Aster DM Healthcare is Rs 388.6. Aster DM Healthcare Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 19575.92 Crore) operating in Hospitals & Allied Services sector.

Arvind Fashions share price has been on a roll in November so far. Arvind Fashions share price has surged almost 35 per cent in November so far while the Sensex has gained nearly 5 per cent. Year-to-date, Arvind Fashions share price is up over 24 per cent while the Sensex has gained about 10 per cent.

PVR-Inox multiplexes after a muted start to the third quarter of FY24. Along with strong December occupancy, a gradual recovery in ad revenue and ramp up in margin-accretive segment would drive operating income of the company, analysts said. Nuvama Institutional Equities has reiterated a ‘Buy’ rating on PVR-Inox shares with a target price of ₹2,210 apiece, implying an upside of 30% from Wednesday’s closing price.

Ashok Leyland while Jefferies recommended a buy on Eicher Motors. Also, Kotak Institutional Equities had a buy rating on Zomato and Shriram Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Ashok Leyland: Buy| Target Rs 238 CLSA maintained a buy rating on Ashok Leyland with a target price of Rs 238.

Day trading guide for today: Despite mixed global market cues, Indian stock market finished higher on Wednesday. Nifty 50 index ended above 20,000 levels for the first time since September 2023 and closed at 20,096 levels. BSE Sensex registered 727 points gain and closed at 66,901 mark whereas Bank Nifty index gained 685 points and finished at 44,566 levels.

The S&P BSE Sensex rose more than 700 points while Nifty50 reclaimed the 20,000 mark on Wednesday. The Nifty future closed positive with gains of 0.48% at 19889 levels. Positive setup was seen in stocks like Hindalco, IOC, Tata Motors, NMDC, Bharti Airtel, MCX, PNB, Hind Petro, Tata Power, India Cements, MFSL and Adani Port. India VIX was up by 7.46% from 11.33 to 12.17 levels in the previous trading session.

By Joe Cash

Federal prosecutors in Manhattan said Nikhil Gupta, 52, worked with the Indian government employee, whose responsibilities included security and intelligence, on the plot to assassinate the New York City resident who advocated for a Sikh sovereign state in northern India. Prosecutors did not name the Indian official or the target, although they did describe the latter as a U.S.

By Leika Kihara

(This story originally appeared in on Nov 29, 2023)

Sensex rallied 727 points and Nifty closed above the 20,000 mark on Wednesday driven by buying in select heavyweights. Stocks that were in focus included names like Zomato, which rose 3.43%, Aster DM Healthcare, which jumped 18.14%, and Siemens, whose shares increased 1.03% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Zomato — Bullish The stock has retested the breakout zone between 113 and 115, forming a bullish pin bar at its support. With the overall structure looking positive and the stock consistently following a pattern of higher highs and higher lows, it appears poised to reach a target of 126 and 130, with a stop loss set at 110. Aster DM Healthcare — Bullish The stock has experienced a strong breakout above its significant resistance level at 371. Additionally, it has broken out above the upper band of its parallel channel, accompanied by a sharp spike in volumes. The overall momentum appears highly favorable for an upward move towards 450 and 475, with a suggested stop loss just below 350. Siemens — Bearish The stock has touched a critical resistance level of 3675 in today's trading session.

climate change at COP28 in Dubai, which would be the biggest UN climate meet yet. Host, the UAE, said the goal is to restrict temperature rise to 1.5°C from pre-industrial levels by closing the gap between ambition and action.

Shares of state-owned green energy financier, Indian Renewable Energy Development Authority (IREDA), were locked in the upper circuit, or their daily permissible limit, on the stock-market debut Wednesday, mirroring the broader optimism that propelled the biggest benchmark index to reclaim 20,000 levels after nearly two months and underscoring undiminished investor appetite for new offerings anchored in sustainable growth. The IREDA stock, which began the trading day at a 56% premium to the issue price at ₹50 a share, ultimately ended the day locked at the upper circuit — at ₹59.99 apiece. That translates into an upside of 87.47% from the issue price. The ₹2,150-crore initial public offering (IPO) was sold to investors at a price band of ₹30-32 and had been subscribed 39 times, with the qualified institutional buyers' portion oversubscribed 104 times. The stock surge, which takes the financier's valuations past the ₹16,000-crore mark, also points to immediate limited upside, although the extent of oversubscription and broader market trends might limit downside risks.

COP 28 stands for the 28th meeting of the Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC). It takes place every year, and is the world’s only multilateral decision-making forum on climate change with almost complete membership of every country in the world. This year's COP holds significance in the wake of geopolitical risks that have come to forth after the Israel-Hamas war and Russia's ongoing "special military operation" in Ukraine.

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

Clearly frustrated with its languishing share price, General Motors is announcing a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-week autoworkers strike