Brokerage house PL Capital raised its Nifty 50 target to above 27,500, projecting the index could hit 27,867 levels in the next 12 months driven by resilient sectors and cautious optimism amid geopolitical uncertainties. The firm highlighted sectors like capital goods, infrastructure, hospitals, and new energy as ones to watch for growth. Despite challenges in certain sectors, including those related to monsoon rains and elections, the firm sees potential for growth in the market and recommends careful investment decisions.
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Donald Trump's Gaza plan complicates hoped-for Saudi-Israeli deal
President Trump is urging Saudi Arabia to join the Abraham Accords by suggesting the relocation of 2 million Palestinians from Gaza, a proposal strongly opposed by Saudi Arabia. The country insists on the establishment of a Palestinian state before any normalization with Israel can take place. This idea has sparked tensions between the United States and Saudi Arabia regarding the path to peace in the Middle East. Full Article
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