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President-elect Trump is bolstering his economic team with seasoned officials. Jamieson Greer, an experienced trade attorney, is nominated as U.S. Trade Representative, while Kevin Hassett, a tax cut advocate, will lead the National Economic Council. These appointments signal Trump's focus on economic policy in his second term.
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Shares of Prestige Estates dropped 5% after Morgan Stanley downgraded the stock to 'Underweight' citing slower pre-sales growth and reduced FY25 estimates, with a revised target price of Rs 1,510.
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Hyundai Motor India shares rose nearly 2% to Rs 1,926 after Morgan Stanley and JPMorgan initiated coverage with an overweight rating. Both brokerages highlighted the companys strong growth potential, strategic positioning in the SUV and electric vehicle segments, and attractive valuation metrics as key factors for their positive outlook.
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