Stock Market Today: Indexes Mixed Ahead of CPI Inflation Data
Indexes closed mixed after a cooler-than-expected inflation report on Tuesday. Investors are now waiting for consumer price index data to come in on Wednesday. The reading will be a crucial input for Fed policy this year. US stocks closed mixed on Tuesday as investors geared up for a pivotal inflation report. Each index initially opened…
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Sagility India shares soar 5% after JP Morgan initiates coverage, sees 16% upside potential
Shares of Sagility India soared by 5% to hit the upper circuit of Rs 48.91 on the BSE after the global brokerage firm JPMorgan initiated coverage on the stock with an “Overweight” rating and a target price of Rs 54. The target price indicates a potential for 16% upside in the stock from its closing…
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Hot Stocks: Brokerages see 10-40% upside in Adani Ports, JSW Steel and KPIT Technologies
Leading brokerages have shared their latest recommendations on select stocks, highlighting strong growth potential and strategic initiatives driving future performance. JPMorgan has reaffirmed its Overweight stance on KPIT Technologies, citing transient challenges and robust long-term prospects in the EV and hybrid space. Bank of America (BoFA) remains optimistic about JSW Steel, underscoring its expansion plans…
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JPMorgan bullish on defence stocks: Initiates coverage on BEL, HAL, Mazagon Dock, sees up to 17% upside
Global brokerage firm JPMorgan has expressed a positive outlook on Indiaβs defense sector as it initiated coverage on Bharat Electronics (BEL), Hindustan Aeronautics (HAL), and Mazagon Dock Shipbuilders, signaling a growth potential of up to 17%. JPMorgan highlighted the strong growth prospects in production and exports within the sector. Here is what the foreign brokerage…
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JPMorgan, Citi see two half-point rate cuts this year
Wall Street banks are ramping up expectations for an aggressive Federal Reserve easing cycle based on the latest evidence that the labour market is cooling. Economists at Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase revamped their forecasts for US monetary policy Friday after data showed the US unemployment rate rose again in July,…
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