Gold and silver futures opened higher on January 4, with gold rising by 0.16% and silver by 0.85%. Gold surged over 27% in 2024, driven by the Fed's rate cuts and geopolitical tensions, while traders anticipate cautious rate actions in 2025.
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Motilal Oswal Financial Services recommends buying KEI Industries with a target price of Rs 5150. The current price is Rs 4443. KEI Industries, a mid-cap company in the cables sector, showed strong financial performance in the last quarter. The company plans to focus on the retail segment and capacity expansion to drive future growth.
Brokerages are optimistic about largecap stocks in sectors like banking, auto, and insurance. Stocks like Axis Bank, IndusInd Bank, Tata Motors, and SBI are expected to deliver up to 67% returns. Analysts have provided high ratings and target prices indicating significant upside potentials for these stocks in the future. Investors are encouraged to consider these options.
A London Airbnb owner discovered his property was used by Lily Phillips, an OnlyFans star, for a controversial stunt involving 101 men. Phillips violated house rules and faces a potential Airbnb ban. Despite the owner's complaints, Phillips is unapologetic and plans to repeat the stunt with more participants in the future.
The FBI recovered an Islamic State banner from a truck used by a Texas man, Shamsud-Din Jabbar, who killed 15 people at a New Year's event in New Orleans. Jabbar posted videos indicating inspiration from ISIS hours before the attack, part of a larger pattern of IS-inspired violence despite the group's weakened state.
Leading brokerage firms have upgraded their outlook for Kotak Mahindra Bank and NTPC for 2025. Citi has raised its rating on Kotak Mahindra Bank to 'Buy', with a target price of Rs 2,070, driven by strong loan growth and improving delinquency trends. Investec has maintained a 'Buy' rating on NTPC with a target price of Rs 421, seeing recent stock correction as a buying opportunity, especially as NTPC expands its renewable energy portfolio.
The stock market in 2025 may face several risks such as earnings pressure, geopolitical tensions, trade frictions, and rate adjustments by the US Federal Reserve. Issues like smallcap and midcap market froth and the Chinese economic recovery could also impact market dynamics. Investors should be prepared for potential corrections and pressures on earnings growth.
Bengaluru and Pune are listed as the worst cities for traffic congestion in Asia. An average driver spends over 28 minutes to cover 10 km in Bengaluru. The Bengaluru Traffic Police have launched a new user-friendly website. It offers tools for traffic management, enforcement, and road safety, with real-time updates and route suggestions.
India coach Gautam Gambhir did not confirm Rohit Sharma's participation in the fifth test. India trails 2-1 in the series against Australia. Gambhir emphasized honesty and confidence in the team's abilities. He denied any harsh words to the team after the Melbourne loss and remains confident of winning the next match to retain the Border-Gavaskar Trophy.
President-elect Donald Trump has threatened tariffs on Indian imports, but India's trade policy issue lies more in non-tariff barriers, specifically Quality Control Orders. These orders unpredictably restrict imports and harm local industries by monopolizing resources and fragmenting supply chains, ultimately hurting India’s economic productivity and job creation.
Indian benchmark equity indices opened higher driven by gains in financial, auto, and IT stocks ahead of the quarterly earnings season. The BSE Sensex and Nifty50 showed early gains, with Tata Motors, Maruti Suzuki, and Mahindra & Mahindra leading the charge on the back of strong sales figures.
Hem Securities recommends buying JSW Energy with a target price of Rs 744. The current market price is Rs 651.3. JSW Energy focuses on renewable energy expansion and strong financial management. For the quarter ending 30-09-2024, it reported a total income of Rs 3459.40 crore and a net profit of Rs 868.34 crore. Promoters hold 69.32% stake.
BJP MP Manoj Tiwari criticizes Delhi CM Atishi, calling her a puppet of Arvind Kejriwal. He questions AAP's record on temple construction. Atishi accuses BJP of hypocrisy, claiming they pretend to protect Hinduism while secretly ordering the demolition of temples.
On January 1, 10 stocks from the Nifty200 pack showed an upward trend in RSI, indicating strengthening momentum and potential buying opportunities for traders.
Stocks that reached fresh highs included Jubilant FoodWorks, which rose nearly 3%, Muthoot Finance, which gained almost 4%, and Laurus Labs, which closed with more than a 2% increase on Wednesday.
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Speculation is high that Nikhil Kamath and Rhea Chakraborty are spending time together in Goa. Rhea's beach photos on Instagram and Kamath being spotted in Goa added fuel to these rumors. They had previously been seen together in Mumbai. Followers are curious about their relationship but there has been no confirmation from either party.
Indian market may consolidate on Thursday with Nifty futures gaining 0.42% to close at 23,907 on Wednesday. Options data indicates a broader trading range between 23,200 to 24,300 zones. An immediate range is predicted between 23,500 to 24,000 levels. Expert recommendations for short-term trades include United Spirits, M&M, Voltas, Coromandel International, Apollo Hospitals, and Jubilant FoodWorks.
Reliance Power's Sasan Power repaid $150 million debt, improving debt metrics, liquidity, and credit rating. It operates a 3,960 MW plant supplying power at Rs 1.54/unit to 14 DISCOMs. Reliance Power raised Rs 1,525 crore for growth in the renewable energy sector.
Total deposits rose by 22.17% YoY to Rs 33,406 crore, driven by a 28.10% YoY increase in term deposits. Gross advances grew by 26.45%, and gold loan advances surged by 36.28%. Despite a small increase in net profit, the stock's average target price indicates a 27% upside.
Axis Securities recommends buying Aditya Birla Sun Life AMC shares, setting a target price of Rs 1045. Current shares are priced at Rs 852.3. The company reported significant growth in revenue and profit for the quarter ended September 2024. Promoters own 74.95% stake while FIIs and DIIs hold 4.54% and 12.37%, respectively.
Shares of Supreme Power Equipment rose 2.3% on the NSE after securing a Rs 3.63 crore order from TRANTRANSCO. The company, a leading manufacturer of power transformers, will execute the order in three months. This significant order is expected to boost revenue and strengthen their relationship with TRANTRANSCO.
Congress MP Gaurav Gogoi has criticised the disparity between the personal wealth of NDA Chief Ministers in Northeast India and their states' performance in the Human Development Index. Four NDA Chief Ministers rank among the richest in India, yet their states lag significantly in HDI rankings, highlighting an imbalance in development, according to the report.
Maruti Suzuki shares may see increased attention after the company reported a 30.25% YoY rise in December production. Passenger vehicles saw a 30.16% increase, while the Super Carry model posted a 39.20% growth. Models like Alto, S-Presso, and utility vehicles experienced remarkable gains. The stock closed 3.26% higher at Rs 11,221.20 on the BSE.
