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Bond yields rise as recent price rally seen overdone

Updated at : 2022-11-21 17:20:02

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The decline in oil prices should support bond prices but we have seen selling pressure as traders felt that the rally was overdone, a treasury head at a state-owned bank said.

As per Trendlyne data, the highest target for stock goes up to Rs 920, while the average estimate of Rs 767 shows an upside of the potential of around 25% from the current market prices. Out of the 14 analysts covering the stock, seven of them have strong buy and buy ratings, while only six have strong sell and sell ratings and the other one has a hold rating.

The GARI token can be traded on crypto exchanges and later withdrawn into the crypto wallets. Bengaluru-headquartered Chingari claims to be the world’s fastest-growing on-chain short video app.

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"We still believe Russian production will decline about 0.6 million barrels per day from here, with risks of a deeper, more abrupt disruption, still present," the bank said, warning that inventories could deplete once again in the first half of 2023 if OPEC and its allies maintain current output quotas.

“In the medium to long term, soda ash demand is going to be firm and the prices are likely to be firm also. A small dip which has happened this quarter may continue for another quarter. We have taken a price correction of around 2.5% to 3%. I do not see any major drop going forward from here. In my view, prices will remain firm or balanced to firm, going forward.”

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The strategists estimate the S&P 500 will end 2023 at 4,000 index points -- just 0.9% higher than Friday’s close -- while Europe’s benchmark Stoxx Europe 600 will finish next year about 4% higher at 450 index points. Barclays Plc strategists led by Emmanuel Cau have the same target for the European gauge and said the path to get there will be “tricky.”

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FTX and its affiliates filed for bankruptcy in Delaware on Nov. 11 in one of the highest-profile crypto blowups, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.

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The 30-share Sensex ended 519 points lower at 61,145, while its broader peer, Nifty50, ended just above the 18,150 mark.

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Incorporated in 1965, Sanmit Infra engaged in the disposal of biomedical waste, the supply of petroleum products, and the construction of real estate projects. It is an authorized dealer of Hindustan Petroleum Corporation (HPCL).

Aditya Agarwala on 2 stocks to bet on now

Updated at : 2022-11-21 15:20:01

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“The correction could be nearing an intermediate bottom for the Nifty in the 18,150 to 18,090 level. On the downside, that is a good strong support. Traders can start looking and getting into the markets around those areas. Again on the upside, 18400 will continue to act as a hurdle.”

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