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Despite the prevailing scenario of higher bond yields, rising crude prices, and the stronger dollar index, Axis Securities has maintained its December 2023 Nifty target of 20,200 by valuing the index at 20x Dec’24 earnings.

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The Indian government plans to take a cautious approach towards cryptocurrency despite the recommendations of the IMF and FSB. Experts will be tasked with assessing the impact of these recommendations on India and suggesting ways to address them. The government aims to have a foolproof regulatory regime in place and will consult with regulators such as the RBI and Sebi.

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Spot gold was up 0.2% at $1,950.83 per ounce by 0127 GMT, after hitting its highest since Aug. 1 on Tuesday. U.S. gold futures eased 0.3% to $1,962.90.

Stocks that were in focus included names like Ultratech, which fell 0.17%, Maruti Suzuki, which gained 0.23%, and Trident, whose shares dropped 10% on Wednesday.

The latest shareholding of IndusInd Bank showed that the foreign shareholding has decreased to 62.61%, thereby meeting the minimum headroom requirement of 15%.

The Bank of Korea (BOK) said price pressures would remain for longer than expected due to heightened uncertainties surrounding the Israel-Hamas conflict and global oil prices.

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