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Leela Palaces Hotels and Resorts on Tuesday announced the acquisition of an ultra-luxury resort in Coorg, Karnataka.
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European shares were little changed on Tuesday as investors ‌assessed the ⁠economic ⁠damage from a prolonged Middle East conflict.
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Japan’s Nikkei index fell on Tuesday, ending a four-day decline. Chip-related stocks and rising oil prices impacted the market. Early gains were erased as crude prices rebounded. Technology shares weakened after Nvidia’s presentation. Investors reacted to the lack of major surprises from Nvidia. Kawasaki Kisen and Daiichi Sankyo saw significant gains.
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Australian stocks closed higher on Tuesday. The Reserve Bank of Australia increased interest rates by 25 basis points. This move was anticipated by the market. A close vote on the decision reduced expectations for another immediate rate hike. Miners and financial companies saw significant gains. Global markets also showed stability.
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Over 10 mutual funds increased exposure to stocks like Multi Commodity Exchange of India, GE Vernova T&D India and National Aluminium Company in February, with three turning multibaggers and delivering up to 140% returns in FY26.
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Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows. The brokerage sees risks to earnings and valuations, though it believes deeper corrections could create long-term buying opportunities for investors.
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Indian equity markets experienced sharp intraday swings, with Nifty finding support near 22,950 but facing resistance at 23,560. Market analyst Vinay Rajani suggests a potential pullback rally to 23,700–23,800, recommending long positions in Nifty with a stop loss at 23,200. He also highlighted stock-specific opportunities in Linde India and MCX.
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