Kotak Institutional Equities has initiated coverage on Premier Energies and Waaree Energies with a "sell" call, citing high valuations, despite forecasting strong growth in India's solar sector. The brokerage set target prices of Rs 770 for Premier Energies and Rs 2,550 for Waaree Energies, indicating potential declines.
Open FlipU.S. stocks fell on Tuesday following positive economic data that raised concerns about inflation slowing down the Federal Reserve's monetary policy easing. This decline was driven by unexpected job openings and increased services sector activity. Bond yields rose, affecting technology stocks. Investors are concerned about the impact of possible future tariffs.
Open FlipIndia's market regulator, SEBI, has uncovered a plot to generate millions of dollars in illegal gains through the trades of Capital Group, a Los Angeles-based fund manager with $2.6 trillion in equity stakes. Ketan Parekh, a former stockbroker, allegedly orchestrated the scheme, using nonpublic information to enrich himself and others.
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