Samvardhan Motherson International shares were trading up 1.6 per cent at Rs 75.20 on the NSE on Monday despite several brokerages slashing targets. Citi has maintained a ‘Sell’ on Samvardhana Motherson International shares for a target of Rs 68, calling company’s growth aspirations ‘ambitious’. It is of the view that […]
outlook
Asian equities, commodities rise on China outlook: markets wrap
Asian equities and commodities rose as traders bet on further reopening of the Chinese economy from Covid restrictions. Currencies of materials and energy exporters climbed. A benchmark of Asian shares headed for its highest close since August and was approaching a technical bull market. The greenback fell versus most of […]
S&P puts UK credit rating on notice with ‘negative outlook’
The UK’s credit rating was threatened with a downgrade late on Friday when S&P, one of the world’s largest credit rating agencies, put the country on a “negative outlook” after chancellor Kwasi Kwarteng’s “mini” Budget last week. The rating agency maintained the UK’s double A investment grade credit rating but […]