News

Brokerage firm Morgan Stanley has initiated coverage on Murugappa Group’s CG Power Ltd., with an “overweight” rating, on Monday, September 1.

Morgan Stanley has a price target of ₹799 for its base case, which implies a potential upside of 15% from Friday’s close. Its “bull case” price target of ₹1,044, implies a potential upside of 50% from Friday’s close.

Japan’s businesses largely reined in growth in capital spending, taking a more cautious view of the outlook as the Trump administration’s tariff campaign intensified.

Capital expenditure on goods excluding software gained for a fifth consecutive quarter in the three months through June, but the pace of increase decelerated sharply to 0.2% from 2% in the previous period, the Finance Ministry reported Monday.

Jefferies On Reliance

HSBC On Reliance

JPMorgan On Reliance

After meeting with Japan’s PM in Japan and then meeting  Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organisation summit, PM Modi Likely To Meet President Putin At 9:45 am Today.

Jet Fuel (ATF) price cut by ₹1,308/kl to ₹90,713.52/kl in Delhi

19-kg commercial cylinder price cut by ₹51.50 to ₹1,580 in Delhi

Shares of Mumbai-based private lender IndusInd Bank Ltd. will be in focus on Monday, September 1, after the bank’s shareholders rejected a key proposal during its Annual General Meeting (AGM).

TRADE SET UP

Oil steadied after capping a monthly drop, with traders focused on concerns over a potential glut and geopolitical tensions.

Brent traded near $67 a barrel, while West Texas Intermediate was below $64. Traders are assessing whether India will yield to US pressure to end crude imports from Russia after Washington imposed secondary tariffs against the South Asian nation.

Asian equities opened lower after a selloff in technology stocks hit Wall Street Friday, with chip shares among the losers.

Indexes in Japan and South Korea opened lower along with Australian stocks. Samsung Electronics Co. and SK Hynix Inc. slid after the US Commerce Department removed the companies from the list of entities authorised to move some goods from China without a license.

As we look at the new trading week of a brand new month, here, some of the stocks in focus include RBL Bank, NHPC, BHEL, Ather Energy, Bank of India and more.

Check Here For The Full List 

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