Target Financial News

Sectorally, buying was seen in public sector, utilities, power, and realty stocks while some selling was seen in consumer durables, metal, and FMCG stocks. Stocks that were in focus include names like Shriram Finance which was up more than 7% to hit a fresh record high, Canara Bank gained nearly 6% and RIL closed with gains of nearly 2% on Friday ahead of Q2 results. We have collated a list of three stocks that either hit a fresh 52-week high, or 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: Analyst: Sunil Gurjar, Founder Chartmojo, Author, CFTe Shriram Finance (All-Time) Shriram Finance is outperforming the Nifty50 index with a recent attempt at a breakout. The all-time high level (ATH) was breached by a gap (breakaway), indicating strong support between 1700 and 1740. In recent days, the counter formed a declining broadening wedge, and the target was achieved.

Donald Trump pledged to restore the “travel ban" that targeted seven Muslim-majority countries, if he is re-elected to the White House next year. “You remember the travel ban? On day one I will restore our travel ban," Donald Trump said on October 28, while addressing a Republican Jewish Convention in Las Vegas. Donald Trump was referring to the 2017 order issued by his administration, that imposed a blanket ban on the entry of travellers from Iran, Libya, Somalia, Syria, Yemen, Iraq and Sudan.

we win," Deputy CM T S Singhdeo told PTI in an interview. There have been reports signaling a rift between TS Singh Deo and Chief Minister Bhupesh Baghel during the tenure of the government in the last five years. Rejecting such reports, TS Singhdeo clarified that there was no such difference between the two of them.

Whitehaven Coal’s purchase of two coking coal mines from BHP and its partner, Japan’s Mitsubishi, for $US3.2 billion ($5 billion) will push earnings per share up 93 per cent by 2025, according to brokers at Citi.

The starting gun has fired on ARN Media’s $225 million takeover bid for rival radio and television broadcaster Southern Cross Austereo – but Street Talk understands the target is taking advice from a new source.

US Federal Reserve may once again choose to hold it at the 5.25-5.5% range for the second successive time in its upcoming decision on 1 November. While inflation has nearly halved since October last year, Fed Chair Jerome Powell has said it is still “too high" and the aim is to bring it down to the 2% target level. Since its last meeting in September, Fed officials have indicated a policy of ‘higher-for-longer’ interest rate regime, which means a cut is unlikely to happen anytime soon.

benchmarks. “Retail investors should not concern themselves too much with market levels," advises Mayank Bhatnagar, Chief Operating Officer, FinEdge about benchmarks soaring. “Today with markets reaching new highs, there is a need for retail investors not to get worried about being left out, but to maintain a suitable asset allocation to equity," says Anil Ghelani, Head-Passive Investment and Products, DSP Mutual Fund, who advises that it would be best not to make any big changes by buying a lot more or at the same time booking gains and sitting on cash.

Ashwini Vaishnaw said. According to the telecom sector industry body Cellular Operators Association of India, telecom operators have not been able to monetise 5G service since its launch last year. «From the government side we are very clear.

Gaza's largest hospital, which is packed with patients and tens of thousands of Palestinians seeking shelter. Israel has said Gaza's militant Hamas rulers have a command post under the hospital, without providing much evidence. The strikes came a day after Israeli Prime Minister Benjamin Netanyahu announced a “second stage” in Israel's war on Hamas, three weeks after Hamas launched a brutal incursion into Israel Oct.

ARN Media has been “opportunistic” and chosen the “absolute cyclical low” in the media market to launch a surprise takeover offer if its main rival, Southern Cross Austereo, the target’s chairman says.

Mahua Moitra, the latter has debunked the allegations made by Union Minister Nishikant Dubey. Moitra said that there has been no evidence by the BJP to back the 'fake allegation". «First BJP said „Cash for Questions.“ That failed since no evidence to back the fake allegation.

economic stimulus measures in China. The US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy's resilience. Notably, the US economy posted robust annualized growth of 4.9% in Q3 2023, despite higher interest rates. Core PCE prices and personal spending further reinforced the notion of sustained economic strength. As a result, the greenback reached a three-week high, trading at 106.89.

Gaurav Bissa, Vice-President, Incred Equities, says “there was a major breakdown in Nifty around 19,000-19250. We had three attempts in this particular zone and all the three attempts we had a very strong pullback. We have finally given a breakdown. It might be a case of breakdown retest. Nifty might go towards 19,200-250 and again start falling down. So I am expecting one more leg of fall and that can also be a swift fall going forward.” After six days of underperformance versus the benchmark, the broader market outperformed on Friday. Where according to the charts, is the broader market going? The broader markets have entered into a downtrend. If you look at the daily charts and at hourly or two-hourly charts as well, there is a clear formation of lower tops, lower bottoms which is a characteristic of downtrend. Also, there has been a fresh swing low breakout that we have seen. This is a technical pullback as for six days we have seen significant downside. The momentum indicators were in a deeply oversold zone. So it is more of a technical bounce back and we may see one or two days more of positive trading but then the downtrend can resume and we may see lower levels coming in the broader markets again.

Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says “our belief is that in the near term, given the kind of valuation disparity that we are seeing between the broader market as well as largecap, it is possible that we will see far more volatility in the mid and smallcap segment vis-à-vis largecaps where valuations are far more reasonable. At this point in time, we would believe that at least in the near term, largecaps are better placed than midcaps and smallcaps.” When the market fell, we saw a sharp fall in the broader markets as well and on Friday, the recovery was also led by the same segment versus the benchmark indices. What is this trend that we are seeing coming in for the broader markets? Do you think that fall we saw during the week will continue for the broader markets? Ever since April of this year, the broader markets have led the way and have massively outperformed the largecaps or the Nifty. The way we look at the overall market construct between midcap, smallcap and largecaps is that just in terms of valuation, both the midcap as well as the smallcap indices are trading at multiples on a one-year forward basis which is significantly higher than its long-term average.

Trump used a speech to a Republican Jewish convention Saturday to promise reimposition of a controversial travel ban that targeted a slew of mostly Muslim countries if he gets re-elected. «We will keep radical Islamic terrorists the hell out of our country,» Trump told the audience attending the annual summit of the Republican Jewish Coalition. «You remember the travel ban? On day one I will restore our travel ban.» At the start of his presidency in 2017, Trump imposed sweeping restrictions on the entry of travelers from Iran, Libya, Somalia, Syria, Yemen and, initially, Iraq and Sudan.

Netanyahu told the nation Saturday night that the military has opened a «second stage» in the war against Hamas by sending ground forces into Gaza and expanding attacks from the ground, air and sea. Casting the war as a fight for his country's very survival, he warned that the assault would intensify ahead of a broad ground invasion into the territory. «There are moments in which a nation faces two possibilities: to do or die,» Netanyahu said.

It was November 2021, and Judo Bank was riding high.

ICC World Cup 2023: Will Babar Azam be removed as Pakistan captain? PCB vows to take decision after… The Pakistan captain, who is also the world's No. 1-ranked ICC batsman, has been unable to capitalise on his starts and convert them into big hundreds. Azam has now become the latest target of criticism from former players, who feel that Azam has not played the sort of impactful shots expected of a player of his calibre.

Sukanta Majumdar demanded punishment for the TMC MP citing "breach of privilege," on Mahua Moitra's cash for query scam. The Lok Sabha Ethics panel had asked Mahua Moitra to be present on November 2. On this, BJP President Sukanta Majumdar said «When the Ethics Committee has called her, she should go.

Israeli military has intensified its attacks in the Gaza Strip, resulting in a significant disruption of internet and communication services. The military has opened a “second stage" in the war against Hamas. Israeli military aircraft carried out a series of intense nighttime airstrikes in northern Gaza, targeting around 150 underground facilities, according to an announcement by the army on Saturday.

San Diego has been identified as the costliest city in the United States, with Los Angeles, Honolulu, and Miami following closely behind. Santa Barbara secured the fifth position, according to a recent survey. The list of the most expensive places to reside, as per findings in US News and World Report, features three of the top five cities located in Southern California, according to a report. In total, eight cities in California found their way into the top 10, with San Francisco, Salinas, Santa Rosa, Vallejo, and Fairfield all included. The survey's rankings are determined by assessing the «median gross rent and annual housing costs for mortgage-paying homeowners» in each metropolitan area, the Deadline report stated. Meanwhile, a key indicator of US inflation stayed steady in September, the government reported Friday, as policymakers push on in their battle against persistent price increases. The personal consumption expenditures (PCE) price index, which is the Federal Reserve's preferred inflation gauge, rose 3.4 percent from a year ago — the same rate as in the preceding two months — said the Commerce Department. The data comes days before Federal Reserve policymakers gather for a two-day meeting to mull whether to raise interest rates again to combat stubborn inflation. While consumer inflation has cooled, the latest figures remain well above officials' two percent target and could prompt further action. Fed policymakers are due to announce their rate decision next Wednesday, with analysts generally expecting them to hold off further increases for now as the effects of earlier rate hikes ripple through the economy.