Citi Research has lowered its year-end Nifty 50 target to 27,000, citing escalating Middle East war risks impacting India’s growth and corporate earnings. Surging oil and supply shocks are worsening the economic outlook, with potential disruptions to LPG, LNG, fertilizers, and petrochemicals. The brokerage also downgraded the auto sector to ‘neutral’ due to price spikes and potential semiconductor issues.Read More
Global markets face turbulence from geopolitical tensions and rising oil prices. Venugopal Garre advises investors to adopt a long-term perspective, building portfolios for the next 12 to 24 months. He suggests focusing on sectors that have fallen but are poised for a rebound.Read More
Vodafone Idea shares rose ahrply on Monday after ET reported that JSW Group and ST Telemedia are exploring a potential stake in the telecom operator. The discussions are exploratory, following government-backed financial relief, as Vi seeks strategic investors to strengthen capital and reduce spectrum liabilities.Read More
Australian shares declined as weaker commodity prices impacted miners amid investor caution ahead of a potential central bank rate hike and ongoing Middle East tensions. The S&P/ASX 200 index closed lower, with financial stocks showing gains. Miners experienced significant drops, while energy stocks saw a rise.Read More
Bitcoin and Ethereum are trading near $73,000 and $2,200 respectively, awaiting macro cues. The crypto market saw gains in the past 24 hours and week, with major altcoins also surging. Investor interest remains steady despite cautious sentiment, supported by institutional flows into U.S. spot Bitcoin ETFs.Read More
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