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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Pakistan appeals for loans citing 'heavy losses', later says X account hacked
Pakistan's economic affairs division faced backlash after a social media post sought urgent financial aid, attributing losses to escalating tensions with India. Following the negative attention, the ministry claimed their account was hacked, denying the appeal for loans, although the post remained visible. Amid military escalations and a significant drop in the Karachi Stock Exchange, Pakistan's economic stability is threatened, with ongoing conflicts linked to "Operation Sindoor" in response to a recent terrorist attack. Full...
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