BSE Ltd shares rose 4.9% after Jefferies upgraded its rating to ‘hold’ and increased the target price to Rs 5,250. The upgrade reflects optimism about earnings potential despite challenges from Sebi’s new F&O rules. Analysts expect brokers to implement price hikes, stabilizing volumes. Goldman Sachs also initiated coverage with a ‘neutral’ stance and target price of Rs 5,060.
RBI governor supports independence of central bank
Governor Malhotra praised US Fed Chair Jerome Powell’s efforts to uphold the central bank’s independence amidst political pressure. Malhotra highlighted Powell’s commitment to this principle,