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Home prices in India will rise at roughly 6% in the coming two years but most real estate analysts polled by Reuters say the boom in the luxury housing sector currently driving the market will peter out within five years.
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Emkay Global maintains a BUY on IndiGo-parent InterGlobe Aviation with a target of Rs 6,300, citing a potential 28.6% upside. The brokerage notes that recent operational disruptions caused over 4,200 cancellations, but expects normalization from December 10. Crew shortages, regulatory reviews, and elevated costs may weigh on near-term results, yet operational recovery could support a rebound in coming quarters.
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European shares were muted on Tuesday, as caution lingered ahead of the U.S. Federal Reserve’s two-day policy meeting starting later in the day, while gains in financial and industrial stocks kept the index afloat.
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Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to find support and bounce back. Largecap stocks are preferred for stability. L&T is highlighted as a top pick with potential for significant gains. Investors can look for buying opportunities in the current dip.
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Bitcoin and major altcoins declined over the past day, with BTC near $89,885 and Ethereum slightly lower at $3,104. Analysts warn of heightened volatility ahead as Bitcoin struggles to break past resistance around $92,000 while key support lies near $89,500–$88,800.
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