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buy call on Gland Pharma with a target price of Rs 1970. The current market price of Gland Pharma is Rs 1786.4. Gland Pharma, incorporated in 1978, is a Small Cap company with a market cap of Rs 29372.76 crore, operating in the pharmaceuticals sector. Gland Pharma's key products/revenue segments include Pharmaceuticals, Sale of services, Export Incentives for the year ending 31-Mar-2024.

net profit of Rs 3,793 crore in the quarter ended September 2024, compared with Rs 3,781 crore in last year's quarter. Meanwhile, the company’s revenue from operations was also flat at Rs 11,278 crore in the quarter under review as against Rs 11,267 crore in the same quarter a year ago.

Jonathan Schiessl, Deputy Chief Investment Officer, Westminster Asset Management, says if the export-oriented companies have domestic facilities in the US, that is a different story. But with some of the threats Trump was making earlier during the campaign, any business that is exporting equipment or even services into the US has to be having a long hard look at their business models. On the other hand, maybe less regulation in certain parts of the US economy will benefit growth. The US elections, a major event is out of the way. We are seeing that impact on the likely beneficiaries. The manufacturing companies are seeing a sharp run-up, the IT pack, the pharma pack, all are seeing good momentum in trade today. But what is your opinion when you talk about these sectors which are heavily dependent on United States policies? Jonathan Schiessl: The election hopefully will be out of the way in a matter of hours. But the next concern will be what on earth will the policy be? We have heard a lot of talk about potential tariffs, about trying to weaken the dollar but conversely, the dollar has strengthened a bit today. It is all up in the air still. None of us quite know what policies will be followed.

The India VIX dropped by 7.78%, closing at 14.87 on Wednesday, signaling reduced market volatility and potentially increased investor confidence.

Tata Steel respectively. Jefferies has a buy rating on Polycab.

record highs on Wednesday after Republican Donald Trump won the 2024 U.S. presidential election in a stunning comeback four years after being voted out of the White House. The Dow Industrials, S&P 500 and Nasdaq Composite each ended at record levels with investors expecting lower taxes, deregulation and a U.S. president who is not shy to weigh in on everything from the stock market to the dollar, although fresh tariffs could bring challenges in the form of a higher deficit and inflation.

Trump beat Democrat Vice President Kamala Harris to retake the White House while Republicans also won a U.S. Senate majority. Control of the House of Representatives remains in question, with Republicans currently holding a majority.

Bullion fell the most since June and copper had the biggest drop since May as Trump's win rippled through global markets and sent the greenback on course for its best day since 2020. A surge in the currency makes metals pricier for many buyers.

Bitcoin triggered by Donald Trump's victory in the US presidential election may just be getting started. «We saw an immediate risk-on rotation across derivatives amidst the surge,» said Vetle Lunde, head of research at K33 Research. «CME's basis has surged from 7% yesterday to highs above 15% today, while perps have moved from trading below the spot market to its largest premiums to the spot market since March.»

The global payments provider is working on "payment passkeys" as the next-generation authentication solution to reduce friction in e-commerce payments. Built on the FIDO (Fast Identity Online) standard, these passkeys will do away with the need for traditional passwords and one-time passcodes.

Gold prices struggled for momentum on Thursday, as dollar firmed after Donald Trump's election victory, while investors shifted focus to the Federal Reserve's upcoming rate cut decision.

Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and higher inventories. Brent crude oil futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 GMT. U.S. West Texas Intermediate (WTI) crude gained 16 cents or 0.22% to $71.85.

Subscribe to enjoy similar stories. As US election results unfolded heavily in Donald Trump’s favour, a separate count was underway: of Indian-Americans elected to the House of Representatives.

Subscribe to enjoy similar stories. Sequels rarely have the same impact as the original. The second Donald Trump presidency that the good people of America have foisted on themselves, and the world, is likely to prove different.

The Nifty gained 1.1% or 270.75 points to close at 24,484.05 while the Sensex advanced 1.1% or 901.5 points to close at 80,378.13.

pro-growth policies that will boost Corporate America. A gauge of small caps rallied 4.6% amid speculation they will benefit from Trump's protectionist stance, while wagers on lower taxes and reduced regulation lifted banks. Insurers focused on the Medicare market jumped on expectations the government will pay higher rates to companies that provide private versions of the US health program for seniors. Trump Media & Technology Group Corp. gained 6%. Wall Street's «fear gauge» — the VIX — tumbled the most since August to around 16. Trading on stocks spiked, with the S&P 500 volume 110% above the average of the past month. The Dow Jones Transportation Average jumped to a fresh high after a three-year drought of records, finally confirming the strength of its industrial counterpart. The breakout is a bullish sign to followers of an investing framework known as Dow Theory that says synchronized gains in both gauges portend better times ahead for the broad market.

Subscribe to enjoy similar stories. Chennai: Four years after leaving the White House in the wake of the riot on Capitol Hill, Donald Trump made a historic comeback on Wednesday, becoming the only US President in 132 years to be re-elected after a break. Trump beat Democrat Kamala Harris 277 to 224 seats to be elected the 47th President of the US, with a few more results left.

Subscribe to enjoy similar stories. Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies.

The U.S. stock market, Elon Musk’s Tesla, banks and bitcoin are storming higher as investors bet on what Donald Trump’s return to the White House will mean for the economy and world

Donald Trump quickly put his stamp on financial markets as his victory in the United States presidential election propelled “Trump Trade” plays across assets.