Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities
Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose
Oil prices rose on Friday, with Brent futures reaching $74.37 after Russia announced it had fired a ballistic missile at Ukraine and warned of a potential widening conflict
Wall Street brokerage, which remains tactically market weight on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in next three months, implying a gain of a little under 3 per cent
RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India
Key challenges include mounting pressure on the cost of funds, driven by structural funding issues, and escalating concerns regarding rising consumer leverage
India's demographics, strong government-led spending and healthy domestic demand makes it a "favorable destination for investments going forward," he said
The global research and broking house suggests investors buy the stock at the current levels and maintains a 12-month target price of Rs 1,100 on the counter
Goldman's investment banking revenue fell 41% to $2.14 bn in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and M&As
