Copper sees biggest losing streak since 2018
Copper, often a barometer of global growth, fell 1.5% to settle at $2.684 a pound.
Buy Bharti Airtel, price target Rs 506: CK Narayan
The analyst suggested a stoploss at Rs 484 .
Buy BPCL, price target Rs 488: CK Narayan
The analyst suggested a stoploss at Rs 475 .
Buy Tata Steel, price target Rs 470: Kunal Bothra
The analyst suggested a stoploss at Rs 439 .
Credit Suisse upgrades United Spirits to outperform, target price Rs 700
The analyst suggested a stoploss at Rs $stopLossL .
ICICIdirect has buy on TCI Express, target price Rs 1,020
Low leverage, a robust growth trajectory and high core return ratios, position TCI Express as one of the preferred picks in the logistics space, said ICICIdirect.
IIFL Securities initiated buy on Brigade Enterprises, target price Rs 302
The brokerage expects Brigade's operating cash flows to clock above 20% compounded growth over FY19-22.
States asked to set up PSFs to combat price volatility
The Centre has asked states to set up their own state-level price stabilisation funds (PSFs) to deal with price volatility of important agri-horticultural commodities such as onion, potato and pulses.
Buyers stand to lose if phone companies go for price parity: Experts
Mobile phones often cost Rs 2,000-3,000 less on e-commerce channels than in physical stores owing to exclusive deals with handset brands. Currently, e-commerce channels account for nearly 40% of overall sales of smartphones while bricks-and-mortar stores sell the bulk of handsets, according to data from TechArc Research.
ED summons Edelweiss COO in 'pulses price rigging' case
ED’s case stems from a report prepared by the Income Tax department which found instances of manipulation of chana contracts in the commodities market Edelweiss refused to comment on the development. The group had shut down its international commodities operations in 2016.
Stocks in the news: YES Bank, Bajaj Finance, ITI, TCS, DHFL and Tata Power
The RBI-appointed administrators of DHFL have invited bids from interested parties, which are keen to own the company’s assets.
Commodity outlook: Copper, nickel gain; here's how others may trade today
Crude oil jumped 0.29% to Rs 3,794. Natural gas and bullion counters slipped up to 2%.
Sell Adani Ports & Special Economic Zone, price target Rs 357: Manas Jaiswal
The analyst suggested a stoploss at Rs 381 .
Sell Maruti Suzuki India, price target Rs 6,800: Manas Jaiswal
The analyst suggested a stoploss at Rs 7106 .
Buy Steel Authority of India, price target Rs 49.5: Kunal Bothra
The analyst suggested a stoploss at Rs 45.5 .
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