Stock Market LIVE Updates

Nifty 50 Overview

The Nifty 50 index remains strong above the 23,300 mark, led by significant gains in stocks like L&T, ONGC, and Tata Motors. Today, the Nifty 50 opened 128 points shy of its record high of 23,411.9, a resistance point it faced in the previous trading session.

Stocks in Focus

IndiGo, IRB Infra, MPhasis, Vodafone Idea, Transformers and Rectifiers, RVNL, NLC India, Sudarshan Chemicals, and Senco Gold are among the key stocks to watch today.

Top Stock Recommendations

By Shilpa Rout, Prabhudas Lilladher:

• HDFC Life: Buy with a target of Rs 590 to Rs 600 and a stop loss of Rs 564.
• Crompton: Buy with a target of Rs 435 to Rs 440 and a stop loss of Rs 410.

By Mitessh Thakkar:

• Bajaj Finance: Buy with a target of Rs 7,300 and a stop loss of Rs 7,050.
• Britannia Industries: Buy with a target of Rs 5,660 and a stop loss of Rs 5,540.

Key Market Movements

• Railtel Extends Gains: Railtel shares are up over 8% today, marking the fourth consecutive day of gains. The stock has shown impressive growth over the past month (16.48%), six months (40.98%), and year (215.9%).
• Ramco Cements: Shares are over 2% off the day’s high.
• Nifty Midcap Index: Hit a record high, surpassing its previous level of 53,705.8.
• Nifty Realty Stocks: The Nifty Realty index is the top gainer among sectoral indices, up 1.56%, with all 10 stocks in the green, led by Mahindra Lifespace Developers, DLF, and Oberoi Realty.
• RVNL Shares: Gained over 3%, marking a strong performance over the past month (50.91%), six months (116.46%), and year (211.83%).
• Tata Chemicals: Shares gained more than 2% following the American Natural Soda Ash Corporation’s announcement of a price hike.
• HUDCO Shares: Jumped 17% in two sessions, buoyed by the government’s approval for additional housing under the Pradhan Mantri Awas Yojana (PMAY).

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