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Disney shares advance after upgrade, 'Jungle Book' open :-
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Disney shares advance after upgrade, 'Jungle Book' open :-
Walt Disney's stock gained nearly 3 percent Monday after a big upgrade from Pivotal Research Group as well as an impressive opening weekend from "The Jungle Book" movie. Pivotal upgraded the media giant's stock to "buy" from "hold" and raised its price target to $121, from $98.58. The stock traded near $101 Monday. Meyers added he expects the upcoming Disney movie slate to drive the stock moving forward. Shares of Disney are up nearly 5 percent in the last three months, but are still down about 3 percent in the past year.
All major markets including BSE, NSE, forex, money, bullion and other commodity markets will remain closed on Tuesday on account of ‘Mahavir Jayanti’. The Indian rupee on Monday rose nine paise against the US dollar to close at 66.55 on fresh selling of the American currency by banks and exporters in view of weakness in the greenback in overseas markets.
India's stock, debt, and currency markets will be closed on Tuesday for a domestic holiday. Trading will resume on Wednesday. The Nifty rose 0.82 percent to end at 7,914.70, while the Sensex gained 0.74 percent to close at 25,816.36 on Monday. The benchmark 10-year bond fell 2 basis points to 7.42 percent from its previous close, while the rupee ended slightly stronger at 66.55/56 from 66.64/66.65.
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