Target Financial News

The S&P BSE Sensex rose more than 260 points while the Nifty50 closed just below 19400 levels on Monday. India VIX was down by 1.48% from 12.14 to 11.96 levels in the previous trading session. Volatility rose above 12.5 during the day and later cooled off and comforted the bulls. On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes. Call writing is seen at 19500 and then towards 19600 strikes while the Put writing is seen at 19350 and then towards 19300 strikes. “Options data suggests a broader trading range in between 19000 to 19600 zones while an immediate trading range in between 19200 to 19500 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a Bullish candle on the daily frame and closed with gains of around 80 points near 19400 zones,” he said. “Now the index has to hold above 19350 zones, for an up move towards 19480 and 19560 zones whereas supports are placed at 19300 then 19250 zones,” recommended Taparia.We have collated a list of stocks from various experts for traders who have a short-term trading horizon: Expert: Ajit Mishra, SVP — Technical Research, Religare Broking Ltd. told ETBureauAxis Bank: Buy| Target Rs 1010| Stop Loss Rs 925Dabur India: Buy| Target Rs 604| Stop Loss Rs 550GAIL India: Buy| Target Rs 123| Stop Loss Rs 110Expert: Kunal Bothra, Market Expert told ETNow J&K Bank: Buy| Target Rs 98| Stop Loss Rs 90Bajaj Finance: Buy| Target Rs 7200| Stop Loss Rs 6950Sona BLW Precision Forging: Buy| Target Rs 615| Stop Loss Rs 575Expert: Nooresh Merani, an independent technical analyst told ETNowIndusInd Bank: Buy| Target Rs

Day trading guide for today: On account of rally in metal, power and IT stocks, Dalal Street ended higher on Monday. NSE Nifty gained 83 points and ended at 19,393 levels, BSE Sensex surged 267 points and finished at 65,216 mark whereas Bank Nifty index added 150 points and closed at 44,002 levels. However, broad market outperformed key benchmark indices.

Adani Enterprises: Kempas Trade and Investment Ltd., a promoter of Adani group, has said that it increased its stake in the group's flagship Adani Enterprises buying a 2.22% stake in the company from the open market between 7 August and 18 August. The stake purchase could be worth ₹6,348.12 crore according to the volume weighted average price of Adani Enterprises during that period. With the latest purchase, Kempas Trade and Investment’s promoter stake in Adani Enterprises has risen to 69.87% from 67.65%.

Respiratory Syncytial Virus (RSV) in their babies. The Pfizer shot, which was already approved for use in older adults, has now been greenlighted for use as a single injection from 32 through 36 weeks of pregnancy, to protect infants from birth through six months, a statement by the Food and Drug Administration said. It is the latest in a succession of medicines recently approved against the common microbe, which causes tens of thousands of hospitalizations among infants and the elderly in the United States every year, according to official estimates. Researchers have targeted an RSV vaccine since the 1960s, but the spate of shots that are emerging now were made possible thanks to a scientific breakthrough a decade ago. «RSV is a common cause of illness in children, and infants are among those at highest risk for severe disease, which can lead to hospitalization,» said Peter Marks, director of the FDA's Center for Biologics Evaluation and Research. «This approval provides an option for healthcare providers and pregnant individuals to protect infants from this potentially life-threatening disease.» The approval follows a clinical trial involving some 7,000 pregnant women, which showed Pfizer's vaccine, called Abrysvo, reduced severe disease caused by RSV by 82 percent in babies from 0-3 months, and 69 percent from 0-6 months. Abrysvo was previously approved by the FDA for adults aged 60 and over, as was another vaccine by drugmaker GSK, called Arexvy. While RSV most often causes mild, cold-like symptoms in infants and young children, it can also lead to more serious outcomes such as pneumonia and bronchiolitis. An estimated 58,000-80,000 children younger than five years are hospitalized due to RSV infection, according to

PaytmFintech giant Paytm said it is investing in AI to build an Artificial General Intelligence software stack.Adani EnterprisesThe promoter group increased stake in Adani Enterprises in August, buying 2.2% during the month.Welspun EnterprisesWelspun Enterprises has announced the successful acquisition of a 50.10% stake in Michigan Engineers.Union Bank The Board approved raising of funds up to Rs 5000 crore through issue of equity shares via qualified institutions placement.Read more: What changed the market while you were sleepingTata PowerTata Power Renewable Energy signs PPA for 9 MWp on campus solar plant with Tata Motors for Pantnagar plant in Uttarakhand.Jio FinancialShares of Jio Financial Services (JFSL) will move out of the trade-for-trade segment and be part of the rolling segment, effective September 4, BSE and NSE said via separate circulars.Adani PowerAdani Power targets 21,110 MW thermal capacity by fiscal 2029. Net senior debt is seen at Rs 26,690 crore in FY24.BHELBHEL has received an order from Mahan Energen, a unit of Adani Power.

Buy or sell stocks for today: On account of buying in metal, power and IT stocks, Indian stock market ended higher on Monday session. NSE Nifty gained 83 points and ended at 19,393 levels, BSE Sensex surged 267 points and finished at 65,216 mark whereas Bank Nifty index added 150 points and closed at 44,002 levels.

By David Morgan

NEW DELHI : The Union government is likely to press ahead with legislative reforms in the winter session of Parliament, targeting changes to the Insolvency and Bankruptcy Code (IBC) and the Companies Act on which substantial groundwork has already been done, a person familiar with the development said. Separately, an expert committee of the ministry of corporate affairs (MCA) is set to finalize its recommendations for a digital competition law, after which it will be circulated for inter-ministerial discussions and then for consideration by the Union cabinet, the person, who spoke on condition of anonymity, said.

HRW) said on Monday. In a 73-page report, the rights group said Saudi guards used explosive weapons to kill some migrants and shot at others from close range. It compiled testimony from 38 Ethiopians who tried to cross the Yemen-Saudi border between March 2022 and June 2023, as well as four relatives or friends of migrants. Human Rights Watch said attacks against groups of migrants, who used remote mountain tracks to cross into Saudi Arabia by foot, were «widespread and systematic» and that the «killings are continuing». A Saudi official, who did not provide their name, said on Monday in an emailed response to questions to the government's media office that HRW's allegations were «unfounded and not based on reliable sources.» Saudi authorities have also strongly denied allegations made by U.N.

By Milana Vinn and Anirban Sen

NEW DELHI : Vietnam is pushing for a visit to India by its Prime Minister Pham Minh Chinh, according to persons aware of the matter. India and Vietnam have forged a close strategic partnership in recent years.

(Reuters) — Roark Capital, which owns restaurants Arby's and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about $9.6 billion, the Wall Street Journal reported on Monday.

Think about the stock market: Some days, it performs strongly, reaching new highs, but on other days, it experiences drops that can dampen investor confidence. This continuous back-and-forth movement leads many to mistakenly choose short-term trading strategies and book huge losses.

India’s latest inflation number at 7.4% comes as a shocker, with doom-speak all around. This is so because we have been talking of getting to 4%, which was axiomatically taken to be the ideal mark. This is analogous to the US, which has a target of 2%.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Hexcel, Callon Petroleum, Adobe, and Marvell, and a downgrade for Urban Outfitters.

₹3,031 crore in Q1FY24 from ₹2,910 crore in Q4FY23 mainly due to additional borrowing for the Ujjain project. While the management believes that net debt has peaked, analysts feel that an update/timeline on de-leveraging would be helpful. “Considering the capital expenditure (capex) lined-up for FY24 and FY25, we don’t expect faster debt reduction, thus weighing on free cash flow generation," said Mangesh Bhadang, senior vice-president, Centrum Broking Ltd.

exports and imports of goods and services declined 2.5% on-year in January-June 2023 at $800.9 billion, think tank Global Trade Research Initiative (GTRI) said Monday. Exports of goods and services rose 1.5% to $385.4 billion in the first six months of the calendar year as against $379.5 billion in the corresponding period a year ago while imports dipped 5.9% to $415.5 billion from $441.7 billion in January-June 2022. In merchandise trade, exports fell 8.1% to $218.7 billion, while imports contracted 8.3% to $325.7 billion. “Data is showing modest decline due to weak global demand and losing competitiveness in labour intensive sectors,” said GTRI Co-founder Ajay Srivastava. Services exports during the six months grew 17.7% to $166.7 billion, while imports rose 3.7% to $89.8 billion. India exports goods to 240 countries and out of that, the country's outbound shipments declined in 134 destinations. Major countries where exports declined include the US, UAE, China, Bangladesh, and Germany.

Hyderabad (Telangana) [India], August 21: City-based multi-brand mobiles retail chain Big-C Mobiles has targeted a turnover of Rs. 1,500 crore in the current financial year. The company achieved Rs.

ChatGPT creator OpenAI in January. Google parent Alphabet unveiled a rival chatbot the next month. Companies hoping to develop their own artificial intelligence programs need to buy Nvidia’s chips, known as graphics processing units, to build them.

(Reuters) — Cracks are forming in a global stocks rally, with surging bond yields, rising energy prices and intensified worries over China’s economy among the factors sapping investors’ risk appetite following months of gains in equity markets.

The combination of headwinds preying on the US stock market is screaming ‘correction’ so loudly that, interestingly, the only factor weighing against such a move from occurring might be the very fact that markets frequently defy expectations when a situation seems overly apparent.