Top stock market recommendations: Aakash K Hindocha of Nuvama Professional Clients Group recommends buying DLF, SRF, and Adani Ports. Nifty is poised for an upward journey towards 22800+, while Bank Nifty faces bearish pressures.
Related news
IndiGo, India's largest airline, is launching business class seating on key domestic routes, challenging Air India's dominance. This move will increase premium seating options for travelers, potentially impacting pricing.
India's Jasprit Bumrah, England's Joe Root and Harry Brook, and Sri Lanka's Kamindu Mendis have been nominated for the ICC Test Cricketer of the Year award. Bumrah shined with 71 wickets in 2024, Root impressed with 1,556 runs, Brook scored 1,100 runs, and Mendis hit 1,049 runs achieving significant milestones in the calendar year.
Former PM Manmohan Singh's attempts to clear his name in an alleged irregular coal block allocation case remained unfulfilled as the Supreme Court stayed the trial court's summoning order. The petition became infructuous following Singh's death.
Starlink faces a potential 3% spectrum tax on its adjusted gross revenue in India. This tax, alongside an 8% license fee, could increase service costs for the company. Discussions by Trai on pricing and taxes for satellite spectrum allocation are ongoing, with final recommendations expected soon.
India is emerging as a global economic power due to reforms, infrastructure, and education development, according to OECD chief economist Alvaro S Pereira. At the ET Now Global Business Summit, he emphasized India’s potential if it continues with its current trajectory. Highlighting protectionism and the importance of global trade, he underscored the need for ongoing reforms in developing nations.
Stock market recommendations: Bajaj Broking Research suggests a positive outlook for the Indian stock market, highlighting Lemon Tree Hotels and Electrosteel Castings as top picks. Nifty is expected to reach 24,550 and potentially 24,850, while Bank Nifty aims for 56,800.
Former national selector Saba Karim highlights the need for a balance in the BCCI's policy on family time for players during overseas tours, addressing concerns over its rigidity. Virat Kohli emphasises the emotional benefits of having family around, citing the psychological support family presence brings. The BCCI aims to maintain focus on cricket while considering players’ needs.
A 24-year-old man, Asif Raza, was arrested for beheading his girlfriend after she pressured him to marry her. Police discovered the headless body near Jagannathpur village and linked Raza to the crime. He confessed, stating he was influenced by the Telugu film Salaar.
Abhishek Sharma's explosive 79 off 34 balls, studded with 8 sixes and 5 fours, spearheaded India's emphatic seven-wicket victory over England in the first T20I at the Eden Gardens. Supported by disciplined bowling performances, India successfully chased down England's modest total of 132, with Varun Chakravarthy and Arshdeep Singh excelling leading the bowling effort.
Madras High Court ruled that a woman privately watching porn and masturbating does not constitute cruelty to her husband and cannot be grounds for divorce. The court emphasized that indulging in self-pleasure is not grounds for dissolution of marriage unless it adversely impacts conjugal obligations or involves the other spouse.