Morgan Stanley has an equal weight rating on ITC with the target price at Rs 346. Analysts said the sharp tax increases are unprecedented and are leading to uncertainty. ITC shares are down 25% so far in the year against a 10% loss in sensex. They believe incremental pricing actions and impact on volumes and … Read more
Top stocks to sell today (AI image) Stock market recommendations: Crompton, Hero Moto Corp, and JSW Steel are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan has recommended for selling on March 24, 2026.Crompton: Sell in the range between Rs 235 & Rs 238; Stop Loss: Rs 248; Target: Rs … Read more
MUMBAI: The rupee closed at a record 93.98/$ on Monday, down 35 paise from its previous close of 92.63. In the process, it breached its prior low of 93.73 and briefly slipped past 94 after market hours. Sensing the impact of the West Asia conflict on the Indian economy through inflation, growth and current account … Read more
MUMBAI: Tuhin Kanta Pandey, chairman, Sebi on Monday said that independent directors are expected to act responsibly, not make insinuations and keep things vague. The chief markets regulator’s comments came in the context of the recent resignation of Atanu Chakraborty as non-executive chairman of HDFC Bank, the largest private sector lender in the country.The markets … Read more
Lakshmi Mittal has launched his most ambitious greenfield project in India, breaking ground on an 8.2 million-tonne steel plant in Anakapalli, Andhra Pradesh. ArcelorMittal will invest over Rs 70,000 crore in the facility, expected to begin operations by early 2029. This marks a significant renewed push into India for the steel magnate, following earlier unmaterialized … Read more
US stocks rallied sharply on Monday after President Donald Trump said the United States had held talks with Iran and would postpone planned strikes on Iranian power plants, triggering a relief rebound across global markets and a steep fall in oil prices.The Dow Jones Industrial Average rose 1,021.70 points, or 2.24 per cent, to 46,599.17, … Read more
Gold has corrected significantly by 19% globally and 17% in rupee terms. (AI image) Gold prices crash and how! The unprecedented rise in gold prices over the last few quarters has come to a halt – for now. In fact, gold prices have been on a crashing spree for the last two months, and the … Read more
The rupee breached the 94-per-dollar mark for the first time ever on Monday but recovered sharply to close flat at 93.53 against the US dollar, instead of ending at a fresh record closing low, amid geopolitical tensions in the Middle East, persistent foreign fund outflows and volatile crude oil prices.At the interbank foreign exchange market, … Read more
NEW DELHI: IndiGo Monday appointed Aloke Singh, former MD & CEO of Air India Express, as its chief strategy officer (CSO). Singh had completed his tenure at AI Express on March 19, during which he had overseen the merger of erstwhile AirAsia India into the airline and steered the Tata Group low cost carrier (LCC) … Read more
Oil prices tumbled sharply on Monday after US President Donald Trump ordered a five-day halt to planned military strikes on Iranian power plants and energy infrastructure, easing fears of escalation in the Middle East conflict.Brent crude fell more than 15% during the session, dropping to a low of $96 per barrel breaking below the $100 … Read more