Analysts believe that In the near term, major resistance for the Nifty is placed at 26,325. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Wednesday on weak global cues. While Nifty50 was above 26,000, BSE Sensex was near 85,100. At 9:16 AM, Nifty50 was…
The RBI’s three-day monetary policy committee meeting opens in Mumbai on Wednesday, marking the start of the central bank’s latest policy review. Over the course of the discussions, members of the six-member panel is set to hold discussions on how the central bank should navigate policy, in accordance with the newest growth and inflation readings….
Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are Kotak Mahindra Bank, Hindustan Unilever, and Samvardhana Motherson International.Kotak Mahindra Bank – Breakout Above 2120 + RSI Momentum StrengthBuy near: ₹2150–₹2130 | Stop Loss: ₹2070…
NEW DELHI: While asserting that Indian macroeconomic fundamentals are strong and tax cuts will help boost private sector investment, Anant Goenka, the newly elected Ficci president and vice-chairman of the RPG Group, on Tuesday suggested that the Reserve Bank of India should lower interest rates.“The situation is ripe for a rate cut. Inflation was better…
Premiumisation push to help co target faster growth in India, says India chief executive NEW DELHI: India has emerged as the biggest volume-grosser for French spirits giant Pernod Ricard, led by strong sales of local whisky brands, such as Royal Stag, Blenders Pride and 100 Pipers, as well as its premium portfolio of products like…
HSBC has a buy on Dr Reddys Labs with the target price at Rs 1,430. Analysts said that the semaglutide opportunity is intact for Dr Reddy’s in Canada, and it has replied to Health Canada’s queries on its application. GLP-1 drugs class remains the company’s focus segment and it is making progress in long-term drivers…
NEW DELHI: In a significant development in the blockbuster weight loss drug space, Delhi High Court has allowed Dr Reddy’s Labs to manufacture and export semaglutide, ruling that the patent held by Novo Nordisk is prima facie invalid, legal experts told TOI.The move is expected to boost confidence among domestic companies to pursue plans to…
NEW DELHI: The European Union’s decision to allow seafood exports by 102 new Indian entities has helped boost the shipment of prawns and other frozen shrimps to the members of the trading bloc.Exports have increased 55% to $448 million during April-Oct, from $290 million in the corresponding period last year, data available with the commerce…
MUMBAI: The rupee fell to a record low on Tuesday, extending losses driven by the absence of a trade deal with the US that has weakened trade and portfolio inflows and pushed the currency into its fifth straight day of decline.The rupee touched 89.95 during the session before closing at 89.87, down 0.4%. Data from…
Big Short investor Michael Burry has cast doubt on Tesla’s lofty valuation and warned that CEO Elon Musk’s newly approved $1 trillion compensation package could place even more strain on shareholder returns. In a weekend post on his Substack newsletter, Burry wrote that the electric-vehicle maker’s market value is “ridiculously overvalued” and has been “for…
