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The bank attributes the bullish revision to stronger-than-expected central bank demand and mounting recession risks, which have contributed to a surge in gold-backed ETF inflows.
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Prabhudas Lilladher Capital maintains a positive long-term outlook on Indian equities, projecting a Nifty bull case target of 27,590, while revising its 12-month base case target to 25,521 due to global and domestic macroeconomic headwinds. They highlight geopolitical tensions, weakening domestic demand, and earnings downgrades as key concerns, impacting various sectors differently.
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The case involved A Shah, a Singapore tax resident, who declared capital gains of Rs 88.75 lakh from debt mutual funds and Rs 46.91 lakh from equity mutual funds for the financial year 202122.
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Lynch believed that owning a stock without understanding the underlying business was a fast track to panic.
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Apple shares jumped over 6% in Frankfurt after U.S. tariff exemptions on electronics, lifting other tech stocks and Nasdaq futures, though uncertainty lingers amid looming semiconductor tariffs.
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News and Media
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