Stock market revives following Chidambaram’s statement (Update-Stock Market)

Finance Minister P Chidmabaram

Markets recover partially after statement of Finance Minister P Chidambaram

Finance Minister P Chidambaram Finance Minister P Chidambaram issued a statement that there is no plan to ban P-Notes issued by FIIs to their clients and sub accounts. Finance Minister said that there is no reason for alarm. The markets are trading near their all-time highs, but there is nothing to worry. The valuations of Indian Stocks are still looking good as the companies are showing decent growth in numbers.

The recommendation of SEBI caused biggest ever intra-day fall in stock markets. Securities and Exchange Board of India recommended on Tuesday evening that the P-Notes to be removed over a period of time.

Pakistan Govt mulls options as SC resumes hearing on Perv Musharraf’s eligibility

Dwarf galaxy in nearby universe possibly 10-bln-year older than previously thought

Dwarf Galaxy

Stay Away from Stock Markets till situation is Stable - Technical Analysts

Today, the Indian Stock markets could not find any support. The markets were down by nearly 10% and NSE Nifty touched a low of 5107. The markets were closed for one hour. As 51% of FII investment was through P-Notes, it was very obvious for the markets to witness a downfall.

After the crash markets witnessed today, the stock market analysts suggest small investors to stay away from markets for next few days. Finance Minister has issued a statement regarding the market crash and has said that aim of market regulator is to keep markets safe. Stock markets have seen very quick rise in recent two months and valuations seem to be over-stretched.

Eating soya may drastically reduce men's sperm count

Soya

Pages

News in Focus

IDFC First Bank Share Price Target at Rs 95: ICICI Securities

ICICI Securities has maintained its BUY call on IDFC First Bank with a revised 12-month target price of Rs 95, down from Rs 100, implying about 32% upside from the current market price of Rs 72.

HDFC Bank Share Price Target at Rs 981: Deven Choksey Share Research

Deven Choksey Research has maintained its BUY rating on HDFC Bank with a target price of Rs 981, implying about 43% upside from Rs 688.

DCB Bank Share Price Target at Rs 312: Anand Rathi Research

Anand Rathi Research has maintained its BUY call on DCB Bank with a 12-month target price of Rs 312, implying about 56% upside from the Rs 200 share price.

Godrej Properties Share Price Target at Rs 2,200: Motilal Oswal Share Research

Motilal Oswal Financial Services has reiterated its BUY call on Godrej Properties with a target price of Rs 2,200, implying about 47% upside from the current market price of Rs 1,498.

ITC Hotels Share Price Target at Rs 220: ICICI Securities

ICICI Securities has maintained its BUY call on ITC Hotels with an unchanged 12-month target price of Rs 220, implying about 29% upside from the current market price of Rs 170.

Nippon Life India Asset Management Share Price Target at Rs 1,300 Emkay Global Research Report

Emkay Global Financial Services has reiterated its BUY call on Nippon Life India Asset Management with an unchanged September 2027 target of Rs 1,300, about 33% above the current price of Rs 976.