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Buy Bharti Airtel, target price Rs 810: Edelweiss

Updated at : 2021-11-24 10:20:01

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Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 446560.66 Crore) operating in Telecommunications sector.

Add Marico, target price Rs 600: HDFC Securities

Updated at : 2021-11-24 09:20:02

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Marico Ltd. key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2021.

Sensex, Nifty plunge more than 1% before rebounding

Updated at : 2021-11-24 09:20:02

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Indian equities rebounded on Tuesday, snapping a four-day losing run, as investors perceived the market as oversold for the moment. Trading was volatile-the Sensex and Nifty plunged more than 1% before recouping losses.

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The S&P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.

Gold prices edged up on Wednesday, although strength in the U.S. dollar and bets that the Federal Reserve could raise interest rates sooner kept the metal below the key $1,800 mark. Spot gold rose 0.3% to $1,794.96 per ounce by 0239 GMT, after slipping as much as 1.4% to its lowest since Nov. 5 on Tuesday. U.S. gold futures added 0.6% to $1,793.90 per ounce.

The IPO would open for subscription on November 30 and will close on December 2.

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“It is a bit of a wait and watch kind of situation in banks but since we have not seen much of a price performance, risk reward is attractive. That is why I think banks look attractive from the next two years’ perspective.”

Buy Spicejet, target price Rs 98: Yes Securities

Updated at : 2021-11-24 09:20:02

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Spicejet Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 5078.72 Crore) operating in Airlines sector.

The bank wants to dissolve the entire board and remove the promoter family, as it believes the board is functioning in cahoots with the minority shareholders (the promoters), who should not have representation on the board.

ICICI may open trade platform to non-bank clients

Updated at : 2021-11-24 08:20:01

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​The bank has increased its market share in the credit card business in the last one were after RBI banned market leader HDFC Bank in December last year. The ban was subsequently lifted in August but not before ICICI closed the gap with HDFC in terms of cards issued. ​​​​The bank will tied up with companies like India Filings to help traders get key registrations and licenses such as trade license, Importer Exporter Code (IEC), GST registration.

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