We are constructive on markets and believe the recent correction offers a good entry point to start accumulation for long term wealth generation. With modest ~7% growth expectations in Nifty earnings for FY25E (on a high base), we expect Nifty to resume its double-digit earnings growth trajectory with earnings over FY25-27E expected to grow at a CAGR of 15%.
Kusal Parera, NZ vs SL T20: Kusal Perera scored a personal best 101 runs, leading Sri Lanka to a total of 218-5 against New Zealand. Perera hit four sixes and 13 fours in his 46-ball innings, setting a new record for the fastest century by a Sri Lankan in T20 internationals. Charith Asalanka also contributed 46 off 24 balls.
The Palestinian Authority has temporarily halted Al Jazeera's operations in its territory, accusing the network of disseminating inciting material. The decision comes after Al Jazeera's coverage of a standoff in the Jenin camp. Al Jazeera condemns this decision and calls for its reversal to report freely from the West Bank.
Indian Railways has cancelled multiple trains due to maintenance work, advising passengers to check the National Train Enquiry System (NTES) for updates. The cancelled services include routes such as Rohtak-New Delhi, Varanasi-Lucknow, and Tirupati-Katpadi among others scheduled for January 02, 2025.
Motilal Oswal Financial Services has given a buy rating for Metro Brands with a target price of Rs 1,460, citing strong store economics and cost controls, backed by a robust balance sheet. Current market price stands at Rs 1239. Promoters hold a 71.96% stake, indicating high confidence in the company's growth potential.
President-elect Donald Trump and allies plan to challenge social media "censorship" by limiting content removal, with regulators targeting companies like Facebook and YouTube. Meanwhile, Europe enforces stricter content moderation laws to prevent harm. This divide is shaping global debates on free speech, with social media platforms caught between differing regulatory pressures on how to police content on their sites.
Meghan Markle has returned to Instagram after five years with a new account, @meghan, quickly gaining over 200,000 followers. Her first post features a tranquil beach video. This comeback occurs amidst ongoing rumors about her marriage with Prince Harry. Both deny the divorce rumors, stressing their commitment to strengthening their marriage.
A fire occurred in the administrative wing of the Government Medical College and Hospital in Tamil Nadu's Ramanathapuram on Wednesday. No lives were lost, and the fire was attributed to an electrical leakage. Patients were evacuated safely. Seven fire tenders were used to control the flames. District officials conducted rescue operations and controlled the situation.