Domestic brokerage Prabhudas Lilladher has increased its Nifty target to 29,094. The firm sees growth in financials, consumer, defence, and ports. Eleven preferred large-cap stocks are recommended for investors. These picks include Adani Ports, SBI, ITC, and L&T, among others, with potential for significant upside.Read More
CarTrade Tech shares fell 5% after the company and Girnar Software mutually agreed not to proceed with the proposed acquisition of CarDekho and BikeDekho, a deal that could have reshaped India’s automotive classifieds and digital auto-retail market.Read More
Kotak Institutional Equities has initiated coverage of Urban Company with a ‘sell’ rating and a target price of Rs 120, weeks after its strong market debut. The stock, which opened at Rs 162.25, has slipped to Rs 138.20 as of November 26, down 15% from its IPO price, reflecting concerns over growth costs despite a...Read More
Indian government bonds traded within a narrow range as traders awaited crucial GDP data, which could influence future interest rate cut expectations. The benchmark 10-year yield hovered near recent lows, with market participants divided on the extent of further monetary easing by the Reserve Bank of India.Read More
PL Capital has identified seven small and midcap stocks with significant growth potential. These picks, including Ajanta Pharma and DOMS Industries, are expected to deliver returns of up to 69%. The optimistic market outlook, driven by strong corporate performance and economic tailwinds, supports these investment recommendations. Investors can explore these opportunities for potential gains in...Read More
Sterling and Wilson Renewable Energy shares saw a significant jump on Thursday. The company announced it secured a major international project in South Africa. This new contract is for a 240 MW AC Solar PV project valued at approximately $147 million. This win strengthens the company’s position in the growing South African solar market.Read More
India’s next market upcycle may be led by financials as net interest margins stabilise and asset-quality worries fade, says Sundaram Mutual’s Rohit Seksaria. With GST and income tax cuts boosting consumption and RBI rate cuts improving liquidity, earnings momentum is set to strengthen. However, infra, capital goods and global cyclicals may underperform amid slowing government...Read More
The Indian rupee experienced a slight dip, trading at 89.24 against the US dollar on Thursday due to increased importer demand. However, foreign capital inflows into the stock market and a fall in crude oil prices provided some support. Domestic equity markets saw a positive start, with both Sensex and Nifty registering gains in early...Read More
Gold and silver prices opened lower due to profit booking and market volatility, even as expectations of December Fed rate cuts and a weaker dollar provided support. Gold February futures on MCX fell 0.41% to ₹1,27,248 per 10 grams, while silver March futures dropped 0.36% to ₹1,64,349 per kg.Read More
As the Nifty reaches an all-time high, market experts remain cautiously optimistic about a record-breaking week. Independent Analyst Anand Tandon discussed earnings trends, noting current growth is partly seasonal and inventory-driven, with uncertainty about a sustained revival.Read More
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