Stock market update: Stocks that hit 52-week highs on NSE
NDR Auto Components, Aegis Logistics, Mold Tek Tech, RBM Infracon Ltd. and Upsurge Seeds of Agriculture Ltd., hit their fresh 52-week highs at 10:45AM.
Sensex jumps 400 points, Nifty above 17,700 on gains in financial stocks
"The most significant trend in the market so far in 2023 is the big underperformance of India compared to other markets. The Adani crisis impact is slowly diminishing. The ferocious rally of 3.5% in Nasdaq yesterday is an indication that the market expects a soft landing of the U.S. economy. IT stocks look strong. High-quality private sector banking stocks and capital goods stocks also are on a strong wicket," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Sharekhan is bullish on Bajaj Finserv has recommended buy rating on the stock with a target price of Rs 1650 in its research report dated January 31, 2023.
Buy Bajaj Finserv; target of Rs 1625: ICICI Direct
ICICI Direct is bullish on Bajaj Finserv recommended buy rating on the stock with a target price of Rs 1625 in its research report dated January 31, 2023.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Chaman Metallics Ltd., Manaksia Ltd, Apar Industries, Upsurge Seeds of Agriculture Ltd. and Ascom Leasing & Inve, hit their fresh 52-week highs during the day.
India has a great opportunity to become a manufacturing hub for the world in coming decades: Sanjiv Bajaj
"We are asking for a simplification or rationalisation and that it is easy to understand. It drives the ease of doing business. It is not that we are looking for a reduction in rates over there but there are so many different classes, we have so many different periods, rates and the more we simplify it, the easier it is for business to understand and follow."
Sensex jumps 400 points, Nifty near 17,800 ahead of Union Budget
In the Sensex pack, ICICI Bank, HDFC, HDFC Bank, Power Grid and SBI were the top gainers, rising over 1% each. Asian Paints, Bajaj Finance, Bajaj Finserv, Axis Bank and Tech Mahindra also opened with gains. On the other hand, only L&T opened with cuts.
Sensex, Nifty fall in early trade; all eyes on Budget, Fed outcome
"The Budget tomorrow and the Fed decision on interest rates by evening tomorrow will have a big impact on markets. A positive, as we go into the Budget, is that instead of the usual pre-Budget rally on expectations, this time we had a market correction triggered by the Adani crisis," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Stock market update: Stocks that hit 52-week highs on NSE
Aegis Logistics, Advitiya Trade India, Hariom Pipe Industries Ltd., Siddhika Coatings Ltd. and Vinny Overseas, hit their fresh 52-week highs at 11:01AM.
Auto sector is holding on in this market rout. Neeraj Dewan on 3 stocks to buy
"Banking sector gets very vulnerable if any news comes of even a possibility of some default which may or may not happen. This is one sector which is coming out of the NPA cycle and we do not want another wave to come and hit them. It is a highly vulnerable sector that has moved a lot in the last few quarters and had driven the markets to these levels. And now that sector is taking a knock."
Financials, IT stocks push Sensex above 61,000; Nifty near 18,200
Among the Sensex stocks, Tata Motors, ICICI Bank, Infosys, IndusInd Bank, HDFC Bank, Tech Mahindra rose about 0.5-1%. Bajaj Finserv, Asian Paints, SBI, M&M, and Maruti also opened with gains.
Sensex surges 450 points, tops 61,000 on strong global cues, rally in bank stocks
“Niftys 17800-18200 range has been holding for sometime now. To break the upper end of the range, the market needs positive triggers,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Sensex, Nifty trade lackluster ahead of key corporate earnings
Om Mehra, Equity Research Analyst at Choice Broking said, we expect Indian markets range bound today with stock specific actions as big companies like Reliance, JSW Steel & HDFC Life will declare their quarterly results.
Sensex surges 390 pts to settle above 61,000 for first time since Jan 3
From the Sensex pack, Tata Steel and L&T were the top performers, rising over 2%. Wipro, HDFC Bank, HDFC, Bharti Airtel, NTPC and ITC also closed with gains
Sensex surges 563 points led by Reliance, HDFC twins; Nifty tops 18,000
From the Sensex pack, L&T was the top gainer, rising over 3.5%. HUL, HCL Tech, HDFC Bank, HDFC, Reliance, UltraTech Cement and TCS also closed with gains.
PSUs as well as PSU banks can be an exciting one-year story: Deepak Shenoy
“The Reliance stock will be in a range until there is no clarity on how things move going forward. But this is an incredibly interesting business for us. It is one of the most innovative companies in the Nifty50 in terms of technology. I like the business but it is going to take time until the demerger. The sum of the parts is greater than the whole.”