News Overview

The dollar found its footing again, and it was on track to beat the yen by 1.3% on a weekly basis

Spot gold fell to its lowest level since October 18 on Thursday, but it was only slightly higher at $1,959.74 per ounce. Gold futures in the US dropped 0.3% to $1,964.50.

The January contract for Brent crude was unchanged at $80.01 a barrel, while the December contract for U.S. West Texas Intermediate (WTI) crude was down 7 cents to $75.67.

Recommendation: Buy; Target Price: Rs 225

Recommendation: Add; Target Price: Rs 2100

While analysts of IIFL Capital Services earnings remain largely unchanged cumulatively over the Q2FY24 earnings cycle, they revise their target price upwards as they roll forward valuation to September’24.

Petrol and Diesel prices in cities across India on 10-11-2023

The bank's initial public offering (IPO) garnered significant investor interest, with subscription rates reaching an impressive 73.15 times.

Asian markets are also maintaining a sluggish momentum in today’s early morning session.

The company managed to secure Rs 250 crore from anchor investors a day before the IPO opening, reflecting positive investor sentiment.