JSW Infra Bags New ‘Buy’ With 30% Potential Upside From Dam Capital On Robust Growth Visibility
JSW Infrastructure Ltd. received a ‘Buy’ coverage initiation from Dam Capital with a 30% upside for the stock on robust growth visibility and opportunities with increasing capacity in major ports.
The HDFC Bank Conundrum: Fear Of Missing Out
A few things have not worked out for India’s largest private sector bank — HDFC Bank Ltd. Analysts, though, might argue it is little more than a few things. To begin with, the merger didn’t bring the synergies and scale expected by the street. It is taking its own time!
Sagility India Share Price Falls After Hitting Highest Since Listing
Sagility India’s share price snapped its five-session rally and fell after it hit its highest level since listing.
Vedanta Share Price Rises As Co Revise Demerger Terms
Shares of Vedanta Ltd. climbed in early trade on Monday after the company revised the terms of its demerger on Friday, to retain its base metals unit with the parent instead of listing it as a separate entity.
Stock Market Update: Siemens Share Price Hits Lowest In A Month
Siemens Ltd. share price declined to one-month low on Monday as Nuvama downgraded the stock rating and cut target price after flagging challenges to its growth in near term.
Stock Market Live: Nifty, Sensex Snap Five-Day Decline As HDFC Bank, RIL Rise
Benchmark equity indices of India came out of their five-day losing streak and started the week on a positive note tracking gains in global markets.
At pre-open, Nifty 50 was at 23738.20, 0.64% or 150.70 points higher and Sensex was at 78490.19. up 0.57% or 448.60 points.
“In this volatile environment, traders are advised to exercise caution, implement strict stop-loss measures, and avoid carrying long positions overnight to manage risk effectively,” said Hardik Matalia, derivative analyst, at Choice Broking.
On the downside, he said that the 23,500 level acts as critical support. “A breach of this level could trigger further declines toward the 23,200–23,000 zone,” he said. “Conversely, on the upside, 24,000 serves as an immediate resistance level, with 24,200 posing a significant hurdle. A sustained close above 24,200 is necessary to reverse the prevailing bearish trend. “
Shares of HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd., ICICI Bank Ltd., and ITC Ltd. contributed the most to the gains. While those of NTPC Ltd., SBI Life Insurance Co. Ltd., HDFC Life Insurance Co. Ltd., Apollo Hospitals Enterprises Ltd., and Eicher Motors Ltd. capped the upside.
All sectoral indices opened higher with Nifty Metal gaining the most.
Stock Market Today: Nifty, Sensex Higher At Pre-Open
At pre-open, Nifty 50 was at 23738.20, 0.64% or 150.70 points higher and Sensex was at 78490.19. up 0.57% or 448.60 points.
Yield On The 10-Year Bond Opens Flat
-The yield on the 10-year bond opened flat at 6.79%.
-It closed at 6.79% on Monday.
Source: Bloomberg
Rupee Opens Flat Against US Dollar
-Rupee opened flat at 84.85 against the US dollar.
-It closed at 84.85 on Friday.
Source: Bloomberg
Stock Market News: Motilal Oswal Raises Siemens’ Target
Motilal Oswal has reiterated ‘buy’ on Siemens’ stock and has revised its target to Rs 8,000. It maintains selective outlook toward HVDC projects with VSC technology and said most upcoming HVDC projects are likely to be on LCC technology The brokerage believes weak inflow for ex-Energy to weigh on near term performance.
Asia Market Open: Indices Higher Tracking Wall Street
Asia-Pacific markets were trading higher on Monday, tracking Friday’s overnight gains on Wall Street following positive economic data and in anticipation over developments in the Nissan and Honda Motor merger. At 8:27 a.m., South Korea’s Kospi rose 1.4%, China’s CSI 300 rose 0.8%, Australia’s ASX 200 was 1.3% up, and Japan’s Nikkei rose 0.9%.
US Market Close: Indices UP After PCE Data
On Friday, US indices rose after Personal Consumption Expenditure data came lower than expected in November. The Dow Jones Industrial Average and S&P 500 ended 1.18% and 1.09% higher, respectively. The Nasdaq Composite ended 1.03% higher.
GIFT Nifty Trades Near 23,800; UltraTech Cement, Vedanta, UPL, Indian Oil In Focus
The GIFT Nifty was trading 0.06% or 15.50 points higher at 23,797.00 as of 7:33 a.m. Among others, share prices of UltraTech Cement, Vedanta, UPL, and Indian Oil will remain in focus tracking news flow.
India’s benchmark equity indices ended at the lowest in over a month on Friday and recorded the worst week in months as hawkish outlook from the US Federal Reserve rattled global markets across the globe.
The NSE Nifty 50 closed 364.20 points, or 1.52% down at 23,587.50, and the BSE Sensex ended 1,176.46 points, or 1.49% lower at 78,041.59.
Overseas investors stayed net sellers for the fifth consecutive day and collectively offloaded stocks worth Rs 15,828 crore. Domestic institutional investors stayed net buyers for the fourth straight day.
The foreign portfolio investors offloaded stocks worth approximately Rs 3,597.8 crore on Friday, while the DIIs bought stocks worth Rs 1,374.4 crore, according to provisional data from the National Stock Exchange.
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