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UBS has a neutral rating on Cipla with the target price cut to Rs 1,400, from Rs 1,750 earlier. Analysts said the company’s growth drivers are intact but supply headwinds weigh on near-term outlook. A healthy product pipeline to drive FY28 earnings for Cipla. However, there is a lack of near-term catalysts. They feel a…
Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares to its exchange-traded funds (ETFs). Cathie Wood’s investment manager has purchased $12.5 million worth of shares in the crypto group, which is also CoinDesk’s parent company, since Monday based on the stock’s…
After repeatedly soaring beyond the $100 per barrel mark amid the Middle East conflict, oil prices have finally begun to cool down, inching near the $70 levels seen before the conflict. This is the first time crude has tumbled below $80 since early March as hopes surrounding a potential US-Iran agreement lifted sentiments. Around 7…
Bitcoin’s BTC$88,201.78 recent slide may feel ominous, but K33 Research analyst Vetle Lunde says December could mark a turning point for the cryptocurrency. After its steepest correction since the last bear market, the firm sees more evidence for a rebound than another collapse. BTC has been weighed down by a wave of selling, much of…
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Market observers anticipate sustained upward movement, supported by enhanced earnings performance. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Tuesday. While Nifty50 was below 25,950, BSE Sensex dropped over 250 points. At 9:16 AM, Nifty50 was trading at 25,941.15, down 72 points or 0.28%. BSE…
The India-EU free trade agreement, to be announced on Jan. 27, is likely to lower costs and expand trade rather than threaten the domestic industry, think tank GTRI said on Sunday. The Global Trade Research Initiative (GTRI) said that as global trade is increasingly shaped by tariffs, geopolitics and supply-chain realignment, the India-EU economic relationship…
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