Precious Metals: Gold, silver slump in futures trade amid low demand
Globally, gold was trading 0.30 per cent lower at $1,555.40 an ounce in New York
Buy PVR, price target Rs 1970: Dharmesh Shah
The analyst suggested a stop loss at Rs 1830.
Buy JSW Steel, price target Rs 294: Dharmesh Shah
The analyst suggested a stop loss at Rs 269.
Buy Bharti Airtel, price target Rs 505: Dharmesh Shah
The analyst suggested a stop loss at Rs 454.
Emkay Securities initiates hold on United Spirits, target price Rs 655
Shares of United Spirits closed at Rs 583, down 0.4% on Monday.
Improvement in prices, govt sops to support sugar mills’ profitability in near term: ICRA
Further, the decline in the sugar production along with the government support measures for SY2020 such as creation of 4 million MT of buffer stock and export subsidy for 6 million MT of sugar, are likely to support the sugar prices.
Yes Securities maintains buy on Birla Corporation, target price Rs 990
Shares of Birla Corporation closed at Rs 707, up 8.8% on Monday.
Axis Securities maintains buy on DCB Bank, target price Rs 213
Shares of DCB Bank closed at Rs 191, up 2.7% on Monday.
Motilal Oswal maintains buy on Infosys, target price Rs 870
Shares of Infosys closed at Rs 772, up 4.6% on Monday.
Crude oil outlook turns bearish on US-Iran relief, surplus fears
Crude oil prices, however, may get some boost from phase one of US-China trade deal.
Opec raises oil demand outlook for 2020
Opec raised overall 2020 oil demand growth outlook by 0.14 million bpd to 1.22 million bpd.
Market Movers: YES Bank tanks, Edelweiss jumps; 88 stocks flash ‘buy’ signals
NSE barometer Nifty gained 72.75 points to 12329. Both the indices closed at record highs
Airtel special committee clears issue price, other modalities of $3 billion fund raising
The issue price was at a discount of 1.57 per cent to the stated floor price of Rs 452.09 per equity share.
Phillip Capital initiates buy on IndusInd Bank, target price Rs 1,640
Shares of IndusInd Bank closed at Rs 1,478, a drop of 4%.
Motilal Oswal Securities gives buy on Bharti Airtel, target price Rs 575
Shares of Bharti Airtel closed closed at Rs 470, up 0.2%.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service