Target Financial News

₹3,370.90 crore in the purchase on Friday, while DIIs sold shares for a net total of ₹193.02 crore.Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services: The near-term market trend will be influenced by a host of factors like the recent Q1 results, some major results expected this week and policy decisions like the Fed meeting outcome on Wednesday.Q1 results of RIL, though a tad disappointing on top and bottom line, are good when viewed from the perspective of the growth engines of the company - Jio Infocom and Reliance Retail - which are doing well and shows promise of improving, going forward. ICICI Bank has delivered the best results in the banking universe with 40% growth in net profit and impressive loan growth.

Day trading guide for today: Weakness in Reliance shares and major IT stocks like Tata Consultancy Services (TCS), Infosys, etc., key benchmark indices of the Indian stock market finished lower on Friday last week. Nifty index ended 234 points lower at 19,745 levels, BSE Sensex finished 887 points southward at 66,684 mark whereas Bank Nifty corrected 111 points and closed at 46,075 levels.

India's CoWIN vaccine portal, the head of the National Health Authority, RS Sharma, said that it had «state-of-the-art security infrastructure and has never faced a security breach.» Last month, Sharma's own personal data was exposed in a massive leak of CoWIN data via the Telegram app. Officials first denied a breach had taken place, then days later, Delhi police said they had arrested two individuals in relation to the leak.

BEIJING – International investment firms have changed their China GDP forecasts nearly every month so far this year, with JPMorgan making six adjustments since January.

airport leading to the death of nine people, including four military personnel, the army said.  In a Facebook post, the Sundanese Army said, "A civilian Antonov plane today crashed in Port Sudan Airport as a result of a technical failure, leading to the death of 9 people including 4 military personnel. One child survived the crash."  Meanwhile, the fight broke out on April 15 as the army and paramilitary Rapid Support Forces (RSF) vied for power. Since then, more than 3 million people have been uprooted, including more than 700,000 who have fled to neighboring countries.

In the ongoing second Test, India established a ch... moreIn the ongoing second Test, India established a challenging target of 365 runs for West Indies to pursue.

Buy or sell stocks for today: Following weakness in Reliance and major IT stocks, Indian stock market ended lower on Friday last week. NSE Nifty lost 234 points and closed at 19,745 levels while BSE Sensex nosedived 887 points and ended at 66,684 mark. Bank Nifty index dipped 111 points and closed at 46,075 levels.

As earnings season kicks into high gear, we at InvestingPro are on the prowl for particularly stalwart companies set to issue their quarterly numbers this week — those that look primed for growth regardless of whether they surpass Wall Street expectations in this particular quarter. And for that, we’ll check in on the InvestingPro financial health rating, which helps us find the mightiest companies in a given sector.

By Florence Tan

Fed Chairman Jerome Powell and his colleagues look locked in to raising interest rates by a quarter percentage point this week. The aim: To slow the economy enough to reduce inflation to its 2% target over time, without crashing the US into a recession — a proverbial soft landing. The big question facing policymakers and financial markets is what comes next.

Reliance Industries, India's most valuable company, may decline on Monday after the company's June quarter results fell below the estimates of a section of the market. The perceived earnings miss, which has come on the heels of the 31% record-breaking surge in the stock price from its 2023 lows in March, could dampen investor sentiment in the absence of near-term positive triggers, said analysts.

NEW DELHI : A proposed revision of goods and services tax (GST) rates, aimed at boosting revenue collections and fixing tax anomalies, is unlikely before the 2024 general elections, as the recent meeting of the GST Council did not reconstitute the key ministerial group responsible for examining the matter. During the meeting, the Council did not name a replacement for former Karnataka chief minister Basavaraj Bommai, who served as the convenor of the ministerial group established in September 2021 to restructure GST.

NEW DELHI : Former diplomat and current US-India Business Council (USIBC) chief, Atul Keshap, emphasized the importance of India-US defence cooperation and the need for joint efforts to develop a defence industrial base in India. Keshap, who was the top American diplomat in India in 2020, identified advanced technologies and cybersecurity as target areas for cooperation between the two nations. Additionally, emerging initiatives such as INDUS-X, which seek to boost collaboration among startups, will be a key focus, he said.

Punjab BJP chief Sunil Jakhar has demanded that Congress be stripped of the post of the Leader of the Opposition (LoP) in the state assembly «in view of the party and the ruling AAP becoming allies» in the newly launched alliance (INDIA) of 26 Opposition parties. He told ET that no rule or precedent allowed an ally of the ruling party to hold the post and, therefore, he would soon send a letter to the Speaker, demanding that LoP post be taken away from Congress. «Everybody saw how Congress' Mallikarjun Kharge and Gandhis and AAP's Arvind Kejriwal and Punjab CM Bhagwant Mann sat together, as part of leaders of 26 Opposition parties, last week in Bengaluru and announced the formation of their alliance and released a joint statement.

Renuka Sugar: It is advised to buy RENUKA SUGAR with a stop loss at 39 and a target of 60. The stock shows a strong breakout on the charts, along with a bullish engulfing pattern and is trading above two months' high levels.

NEW DELHI : On 1 June, at Himgiri Automobiles, a Hero MotoCorp Ltd dealership in Delhi’s Shahdara neighbourhood, a 35-year-old man walked in to take home the Xoom, a 110cc scooter. He simply liked the scooter’s styling and picked it over a bigger scooter, the NTorq, manufactured by TVS Motor Company. Nudging him to disclose more about this choice was an unusual visitor at the dealership—Niranjan Gupta.

₹200 per kg in some parts of Mumbai. But with a weight of around 0.6%, they have shown negative inflation for the last three months, with the latest being -35% in June. This reads odd, but it is a statistical reality, as the base was high last year, which has given us such a counter-intuitive outcome.

Congratulations! Your loan application for an amount of INR x,xx,xxx/- has been approved. Simply click on the provided link to receive the funds directly into your account, hassle-free, and with no need for tedious paperwork or any additional processing fees." This message flashed on Rahul’s phone, filling his heart with hope. Desperate to provide for his ailing mother, he saw this as a lifeline.

₹60 trillion every year. Of this, around 50% of household savings is invested in real estate and about 15% each in bank fixed deposits (FDs) and gold. Many investors prefer the safety and comfort of physical gold even though there are alternatives to this asset class in the form of gold funds and sovereign gold bonds.

Rajya Sabha MP Raghav Chadha on Sunday said that it is up to Congress to decide on alliance with the party after Punjab's Congress unit raised objection to an alliance amid the ongoing attempt of leaders for a united front against BJP-led NDA in the 2024 Lok Sabah elections. Raghav Chadha while talking to said, «Congress and only the Congress has to take a decision on it. Who are we to instruct them on this? But I was present in the meeting that took place in Bangalore.

Sudan on the 100th day of the war on Sunday as mediation attempts by regional and international powers fail to find a path out of an increasingly intractable conflict. The fighting broke out on April 15 as the army and paramilitary Rapid Support Forces (RSF) vied for power, since when more than 3 million people have been uprooted, including more than 700,000 who have fled to neighbouring countries. Some 1,136 people have been killed, according to the health ministry, though officials believe the number is higher.