Asian shares fell as Wall Street traders held back on big bets before Friday’s US jobs report. US contracts slipped, and key data from China expected Thursday. Investors focus on payrolls and Federal Reserve’s stance. US stock markets will close on Jan. 9 for Jimmy Carter. Rising bond yields and potential market volatility ahead.
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization