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«Almost five point of dollar index correction can happen in next one quarter or so, starting from 20th September,» says Aditya Arora, Adlytick.How are you looking at the Nifty, Bank Nifty right now? And also, what are your favourite trading ideas? I think internationally, there is risk of market environment. We saw almost 1%-2% correction on NASDAQ and Dow Jones as well. And meanwhile, dollar is also strengthening, which is signalling a little cautious outlook before the Fed meeting which is scheduled on 20th of September. And post-Fed, it would be a game changer because I am expecting a steep correction in dollar index. Almost five point of dollar index correction can happen in next one quarter or so, starting from 20th September.

climate action, the Asia-Pacific needs to start delivering on ambitious emissions targets. The Asia-Pacific's greenhouse gas emissions keep rising and in some respects the region is going backwards. Climate action was the only Sustainable Development Goal (SDG 13) in which outcomes went backwards in the Asia-Pacific between 2015 and 2023. Progress towards Sustainable Development Goal 13, taking «urgent action to address climate change», has been a case of two steps forward, one step back in the Asia-Pacific. Over the past two years, countries in the Asia-Pacific have made strides: China and Indonesia have undertaken to transition their economies to net zero by 2060, Australia and most Southeast Asian countries by 2050. China has massively invested in renewable energy.

Srettha said he would make a trip to India this year with plans to meet his counterpart Narendra Modi and discuss increasing flight frequency between the two countries, including more services by flag carrier Thai Airways International Pcl. “There aren’t that many incoming flights from India yet due to internal politics,” Srettha said in an interview during a media forum on Monday. “I hope to visit before the end of the year to negotiate on the issue.”Thailand may also mull other measures to boost Indian tourist arrivals, such as offering tax exemptions on jewelry imported for Indian weddings held in Thailand, a popular destination for such ceremonies, he said. As Indian tourists already can easily obtain Thai visas, a visa waiver may not be necessary, he said. Srettha’s comment came a week after his cabinet approved temporary visa exemptions for Chinese and Kazakh tourists ahead of the high season. Tourists from the two countries can enter Thailand without a visa between Sept. 25 and Feb. 29, and can stay for a maximum of 30 days at a time.

While India's victory over Sri Lanka in the Asia Cup 2023 final showcased a team in prime form, it also exposed an ongoing selection dilemma concerning the spin all-rounder spot for the upcoming ODI World Cup. India's conquest in Colombo was nothing short of a cricketing masterclass. Led by Mohammed Siraj's six-wicket haul and Hardik Pandya's three wickets, Sri Lanka were skittled out for just 50 runs.

Karnataka Bank with a target price of Rs 285. The current market price of Karnataka Bank is Rs 242.25.

PSU bank stocks, pullback seems likely in over stretched stocks like PNB, Bank of India, IOB and Central Bank, says Anand James, Chief Market Strategist at Geojit Financial Services. “The recent rallies in the PSU bank index have pushed the 14-D RSI above 70. A Doji candle formed in the daily time frame warrants indecision,” he says. Edited excerpts from an interview:

Stock market today: Jupiter Hospital share price listed on BSE at ₹960 apiece levels whereas it opened on NSE at ₹973 per share levels, delivering over 32 per cent listing gain to the lucky allottees. However, Jupiter Hospital shares extended its gain further deep and went on to hit four-digit figure within few minites of listing in special pre-open session during Monday deals.

Tata Steel share price touched a new 52-week high on Monday's trading session, following the announcement of a joint agreement between the company and the UK government on a proposal to invest in cutting-edge Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion, inclusive of a grant from the UK Government of up to £500 million. Tata Steel stock price touched intraday high of ₹134.85 and low of ₹131.85.

cement sector as construction activities take a back seat due to the monsoon. However, this time demand remains buoyant due to weak monsoon, elevated pre-election spending, infrastructure development, and sustained demand from real estate as well as capex-intensive industrial projects. Cement prices have largely been stable from June 23 to exit across regions, except for the north, where prices have increased in July ’23. Cement manufacturers have raised prices by INR30-35/bag in the East from the beginning of Sep’23 and another hike of INR30/bag has been announced w.e.f.

Bharat Electronics (BEL) jumped 7% to Rs 145 in Monday's trade on BSE after the firm received orders worth Rs 3,000 crore. «Bharat Electronics received an order of Rs 2,118.57 crore from Cochin Shipyard for the supply of various equipments consisting of sensors, weapon equipment, fire control systems and communication equipment for six numbers of next-generation missile vessels (NGMV), class of anti-surface warfare corvettes for Indian Navy,» the company said in an exchange filing. This project will have the participation of Indian electronics and associated industries, including MSMEs, which are sub-vendors of BEL. The company has also received additional orders worth Rs 886 crore for the upgrade of AFNET SATCOM N/W, upgrade of Akash Missiles with RF Seeker, Inertial Navigation System and other equipment with accessories and spares etc. At 10.14 a.m., the scrip was trading 3.1% higher at Rs 140 on BSE. The stock has also surged 40% year-to-date, while it has gained 50% in the past six months. In Q1 FY23, Bharat Electronics reported a 23% YoY rise in net profit at Rs 530.84 crore.

Nifty traded in the negative territory in morning trade on Monday, mirroring weakness in other major Asian peers as investors exhibited caution as they prepared for a week marked by a series of central bank meetings with Fed meet outcome due on Wednesday, Bank of England (BoE) meet outlook on Thursday and Bank of Japan (BoJ) outcome due on Friday. Markets across the globe are expecting that the rate hikes have peaked and central banks will not lift rates from here on. However, inflation still remains above the central banks' targets in many countries.

Enforcement Directorate is being used to target leaders from the opposition camp, Shinde said, “The ED takes action against those who are suspected to have indulged in corrupt practices. It does not harass anyone just like that."

solar panels and controlling nuclear-fusion reactions—are all turning to AI in order to augment or accelerate their progress. The potential is enormous.

Dollar Index (DXY) crossed the 105 mark on Monday against the basket of six top currencies and was down by 0.07%. On Comex, gold futures were trading at $1,949 per troy ounce on Monday, up by $3.30 or 0.17% while silver futures were at $23.455, lower by $0.069 or 0.30%. The Street awaits the Federal Reserve’s policy outcome on Wednesday. The October Gold futures had ended with gains of Rs 411 or 0.70% per 10 gram at Rs 58,999 on Friday while the December Silver futures closed lower at Rs 72,165, down by Rs 1,183 per kg or 1.673%. Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking said that bullion is looking good on the daily charts and was making bottom and trading near demand zone which was suggested even by the momentum indicator RSI. His advice to traders is to make fresh buy positions in gold and silver futures near the given support level of Rs 58,800-58,600 with the stop loss at the support levels while booking profit near the resistance levels of Rs 59,100-59,200. Analyst Neha Qureshi, who is Senior Technical & Derivative Analyst at Anand Rathi Commodities & Currencies added that the gold (October) appeared to be shaping a W-pattern breakout on the daily chart with the neckline at the Rs 59,670 level. This pattern suggests a potential bullish trend in the market, she said, adding that gold is currently trading above its 50-day and 100-day Exponential Moving Averages (EMA), indicating positive momentum. She sees key resistance levels at Rs 59,300-59,670 while important support levels at approximately Rs 58,670-58,275. Gold futures are down 0.64% or by Rs 381 on the month-to-date basis while they have gained 7.23% or by Rs 3,976 on the year-to-date basis, Anuj Gupta, Head Commodity &

Cipla while InCred initiated coverage on Fusion Micro. Also, Morgan Stanley recommended an Equal Weight on Tata Steel, and DAM Capital initiated coverage with a buy rating on AU Small Finance Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal on Cipla: Buy| Target Rs 1420 Motilal Oswal maintained a buy rating on Cipla but raised the target price to Rs 1420 from Rs 1130 earlier.

The S&P BSE Sensex rose more than 300 points on Friday while the Nifty50 closed just a shade below 20200 levels. India VIX was down by 3.69% from 11.32 to 10.90 levels in the previous trading session.

Investors and traders should consider a cautiously bullish stance on crude oil. The recent 30% increase from June's low of $71.60 to the current $93 suggests upward momentum, but it may be limited, potentially reaching levels around $106-110 in the next six months, offering a 10-15% upside, Jateen Trivedi, Vice President, Research Analyst at LKP Securities said. However, it's essential to be mindful of the higher risk of a decline toward $80-85, he cautions.Considering the current trends in crude oil prices, where do you see Brent/WTI price targets in the near term and for the year 2023?In the near term, Brent and WTI crude oil prices could rise by around 4-5%, reaching approximately $98 and $95 per barrel, respectively. For the full year 2023, they may touch levels of $105 and $100 per barrel, driven by factors like supply constraints and increasing global demand.

Day trading guide for today: On account of strong global cues, Dalal Street ended higher on third day in a row on Friday. NSE Nifty ended at record close of 20,192 levels after climbing to a new life-time high of 20,222 during Friday deals. BSE Sensex too had a record closing at 67,838 levels after climbing to a new peak of 67,927 mark.

rites will be conducted as per the wishes of the family, officials said, adding the army has rushed a team to assist the bereaved family. The targeted killing of an Indian Army soldier comes days after a sub-inspector of Manipur police was shot dead in the Churachandpur district of the ethnic violence-hit state.

By Vidya Ranganathan

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Tesla, CVS, ImmunoGen, and Etsy, and a downgrade for DoorDash.