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Indian stock markets saw a rebound on Monday, with IT stocks leading the gains. This recovery followed three days of losses. Analysts suggest the market may trade within a range due to a lack of new catalysts. Investors are shifting focus to IT stocks, finding them attractive. Foreign investors were net sellers, while domestic investors bought shares.
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Global financial giants Goldman Sachs and HSBC are now optimistic about Indian stocks. They predict substantial gains by 2026. This positive outlook comes even as foreign investors have been selling shares. The analysts believe India has been oversold. Their calls offer a new perspective for investors considering the Indian market.
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America's longest government shutdown nears an end. A compromise deal is advancing in the Senate after some Democrats joined Republicans. This agreement will reopen the government and fund critical programs. Federal workers will receive back pay. The deal also guarantees a vote on extending healthcare subsidies. Millions of Americans will benefit from restored services and funding.
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Pakistan's Senate has approved constitutional changes. These reforms grant the army chief an expanded role and limit the Supreme Court's authority. Opposition leaders criticize the move, calling it a threat to democracy. The bill now moves to the lower house for consideration. The proposed amendments aim to centralize military command and alter the judicial system.
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Tata Motors commercial vehicle arm (TMCV) will debut on exchanges on November 12, completing the automakers demerger into two listed entitiesone for CVs and another for PVs, EVs, and JLR. Analysts see strong value unlocking potential.
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News and Media
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