ITC stock slipped over 4 per cent on Thursday (February 8) after British American Tobacco (BAT) said it could sell some of its stake in the company, recovering partially in trade. The stock of the cigarette-to-hotels conglomerate traded at Rs 420 levels, rising 1.3 per cent in intraday deals as compared to the S&P BSE Sensex that traded flat for most part of the day. The development, meanwhile, saw Jefferies downgrade the stock to 'hold' from 'buy' earlier with a target price of Rs 430, down a huge 17.3 per cent from its earlier price target of Rs 520.
'Like all long-term bull markets, the Indian stock market will continue to climb the proverbial wall of worry.'
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
Yeh Hai India: Capturing Events And Moods Across Our Incredible Country.
If you have an appetite for crowds and the visual spectacle of many focused on one task or activity, a pooram will engage you, notes Shyam G Menon.
Max Verstappen clinched his second win of the season as the Australian Grand Prix was halted with three red flags.
Verstappen suffered two retirements from the first three races but has otherwise finished all but two rounds in the top three.
Bezzecchi came out with flying colours registering the best time to grab his third pole of the season.
Mark Webber can expect a new Red Bull contract to be heading his way after team boss Christian Horner said on Thursday that he was not looking to change a winning line-up.
