Thu, Jun 27, 2024 8:57 PM
SEBI Board approves measures to ease doing business for REITs and InvITs
A Flip by Riya Sharma
The Indian stock market closed moderately lower on June 28, with the Nifty 50 expected to consolidate between 23,800 and 24,200. Meanwhile, several stocks are expected to see upside, including Mahindra Logistics with a target of Rs 577 and stop-loss of Rs 488, Amber Enterprises with a target of Rs 4,960 and stop-loss of Rs 4,275, and Patanjali Foods with a target of Rs 1,740 and stop-loss of Rs...
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Bank of America's stock has surged 58% since October, driven by Federal Reserve's interest rate pause and potential cuts, which could alleviate pressure on the bank's loan portfolio with $113 billion in unrealized losses. Despite this, the bank's net interest income grew from $43 billion in 2021 to $57 billion last year, benefiting from the rising interest rate environment.
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San Francisco Fed President Mary Daly has dismissed concerns of a "doom loop" in the city, citing its highly educated workforce, good infrastructure, and innovative spirit. Despite a 37% office vacancy rate, Daly notes that AI companies are seeking real estate again, and people are returning to work, causing traffic to worsen. She encourages business leaders to take action to make the city better.
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