Target Financial News

Strategy PositionsBuy 27th July Nifty 19800 Call at 105-110 & Sell 27th July 20000 Call at 38-40, Stop Loss: 5; Target: 128, Time Frame: till expiry.RationaleFII unabated buying support helped Nifty to almost test 20000 levels last week. Despite weaker-than-expected results from technology heavyweight Infosys, Nifty gained for the 4th consecutive week with gains of nearly 1%. Going ahead, we believe that ongoing positive bias should continue with elevated Nifty support near 19600 levels for the targets beyond 20000 levels in the expiry week.

The open work permit stream that was announced by the Canadian ministry of immigration last month, targeted specifically at US H-1B work permit visa holders, under Canada’s new tech talent strategy; was oversubscribed in less than 48 hours. Considering that the largest number of H-1B visa holders in the US, who are eligible applicants for this scheme, are Indians, it is apparent that the typical profile of applicants is Indian nationals who are stuck in the US on long green card queues. The open work permit, which had been announced b

After 10 consecutive hikes in just over a year, the Fed halted its aggressive campaign of monetary tightening last month to give policymakers more time to assess the health of the US economy, and the impact of recent banking stresses on lending conditions. In the weeks since, positive upgrades to economic growth and cooler inflation data have reinforced the likelihood that the Fed's rate-setting committee will vote for a quarter percentage-point hike on July 25-26.

“The stock has strong support in the Rs 345-340 zone, indicating a potential buying opportunity if the stock retraces to this level. Considering the breakout and support levels, there is a possibility that the stock may continue to move higher. Traders and investors might look for potential price targets around Rs 400 or even Rs 430 levels as the stock continues its upward trajectory,” Shah says.

Seltos in the market, as revealed by a senior company official. In 2022, Kia India sold a total of 3.4 lakh units in both domestic and export markets, with around 2.54 lakh units sold domestically and approximately 80,000 units exported. This year, the company aims for an 8-10% expansion.

Kia India expects its sales to grow by 8-10 per cent this year as compared with 2022 on the back of improved chip supplies and introduction of the updated Seltos in the market, according to a senior company official. The South Korean carmaker, which sells models like Carens, Sonet and Seltos in the Indian market, sold a total of 3.4 lakh units in the domestic and export markets last year. «So last year our domestic sales were about 2.54 lakh units while exports stood at around 80,000 units.

New Delhi: Prime Minister Narendra Modi is likely to inaugurate on July 26 the redeveloped ITPO complex here, which will host the G20 leaders' meeting in September, official sources said on Sunday. The venue, also known as the Pragati Maidan complex, has a campus area of approximately 123 acres and is India's largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination.

Tamil Nadu has been apprehended by authorities for orchestrating a truck hijacking operation centered around a lucrative cargo of tomatoes. The incident unfolded in a dramatic fashion, involving a staged accident and a subsequent extortion attempt that ultimately resulted in violence. The couple, identified as Bhaskar (28) and his wife Sindhuja (26), was found to be part of a larger gang specializing in highway robberies.

The advertisement for businesses looking to test beauty-care products is catchy: young adults leaping into a pool under the banner “risk takers need not apply”.

Gross domestic product grew at a slower-than-expected pace of 6.3% from a year earlier, when dozens of Chinese cities were in lockdown. Compared with the first quarter, GDP rose less than 1%.

Sukkur in Sindh, kidnapped two women and a child, and killed at least two men. This is only the latest in a long line of atrocities committed against the people of Sindh in Pakistan, The Express Tribune reported. The Express Tribune saw the assailants, who were apparently carrying modern weaponry, riding motorcycles past the Sangi police station and heading into the village of Nirch in broad daylight.

Manchester United continued their strong form in the pre-season, defeating Arsenal by 2-0 in New Jersey on Saturday. The new club captain Bruno Fernandes gave United an early advantage with a long rang effort. Gunners goalkeeper Aaron Ramsdale did get a strong hand to the ball, but still failed to stop the goal.

Black Sea dangerous for shipping. Even the US said ships are at risk of being targeted. There is still interest from ship owners in carrying Ukrainian grain through the Black Sea — if they can mitigate the risk, according to a major shipping group. And that's a big if. Despite the warnings and port attacks, which have levelled grain infrastructure, “shipping has always been very, very resilient in the face of these sorts of risks,” said John Stawpert, senior manager of environment and trade for the International Chamber of Shipping, which represents 80 per cent of the world's commercial fleet. This week's strikes came after Russia pulled out of a wartime accord that the UN and Turkey brokered last year to provide safeguards for shipping companies in a bid to end a global food crisis. Ukraine — which, along with Russia, is a major supplier of wheat, barley and vegetable oil to developing nations — shipped 32.9 million metric tons of grain to the world and supplied 80 per cent of the World Food Program's wheat for humanitarian aid so far this year.

During meetings in Washington, Intel Corp’s Pat Gelsinger, Nvidia Corp’s Jensen Huang and Qualcomm Inc’s Cristiano Amon warned that export controls risk harming US leadership of the industry. The Biden officials listened to the presentations but didn’t make any commitments, said the people, who asked not to be identified because the talks were private. The chip industry is trying to navigate increasing tensions between China and the US.

capital market ecosystems while adopting platform-driven product design and delivery approach to service the clients’ needs. They particularly note the growth potential in the emerging international segment, bolstered by the strategic acquisition of Hexagram’s fund accounting platform, while Indian MF RTA and issuer solutions provide a direct play on the surging Indian domestic capital markets and prospective AUM growth. Based on a projected FY25E EPS of Rs15, the recommendation is to initiate a BUY on the stock with a target price of ₹450.

Cricket is an interesting and passionate sport when it comes to emotions. Players show their emotions in different ways when they either achieve something or fail.

BJP and I.N.D.I.A (the rechristened opposition alliance). Both camps seems to have taken opportunity in the dreadful incident and instead of aiding an expedited action and bringing the victims to justice by punishing the perpetrators, both camps had resorted to mudslinging, probably with several assembly elections and the 2024 Lok Sabha Elections in mind.

(Reuters) -A drone attack on an ammunition depot in Crimea prompted authorities to evacuate a 5 km (3 mile) radius and briefly suspend road traffic on the bridge linking the peninsula to Russia, the region's Moscow-installed governor said on Saturday.

Gudha on Saturday stepped up his attack on Chief Minister Ashok Gehlot, alleging he is no longer in control in the state which is leading in crimes against women. Congress in charge for Rajasthan Sukhjinder Singh Randhawa said that the one who does not follow the ideology of the Congress has no place in the party and the decision to sack Gudha was a «collective» decision. But a defiant Gudha again accused the Gehlot government of failing to check crime against women.

Private sector lender RBL Bank on Saturday reported a 43 per cent jump in its June quarter net profit at Rs 288 crore, helped by core income growth.

Australia and the United States rehearsed precision missile strikes during war games on Saturday as Canberra overhauls its military strategy in favour of long-range firepower. A series of live-fire drills were held at the Shoalwater Bay military complex in the northeastern region of Queensland, showcasing the American-made HIMARS missile system recently sold to the Australian Defence Force. More than 30,000 troops will take part in the biennial Talisman Sabre exercises over the next two weeks, including soldiers from Japan, France, Germany, and South Korea.