The Nifty Auto index was trading 0.26 per cent down at 24953.85.
After three terrorists were neutralised in an encounter in the Gandoh, Bhaderwah sector of Doda, Jammu and Kashmir, security has been heightened in Doda city. Security forces recovered weapons including two M-4s and an AK-47 rifle. ADGP Jammu urged the public to aid in identifying supporters of terrorists. Investigations continue to ascertain if new terror organizations are involved, while ensuring no threat to the Amarnath Yatra.
A total of 315,353 shares changed hands on the counter till 09:59AM (IST).
Anupam Rasayan's Bullish Gartley pattern suggests a potential bounce back, with a target of Rs 1,040 and a stop-loss strategy below 670 on a weekly closing basis. Traders can consider building positions up to Rs 755 for potential gains.
InCred Equities advises on chemical stocks with significant upside potential, emphasizing safety through support reversals or breakout retests amidst market uncertainties.
SoftBank's AI investments, especially in Perplexity AI at $3 billion, signify a strategic shift towards innovative technologies, including the 'answer engine' concept, amidst Masayoshi Son's ambitious AI vision.
Sen underscored the importance of being politically open-minded in a secular country like India. "I do not think the idea of turning India into a Hindu Rashtra is appropriate," he said.
In the evolving market landscape, investors are driven by factors like rate cut speculations and a long-term investment view, shaping market sentiments. The recent surge in FII investments, particularly in bluechip stocks, indicates a strategic shift towards sustainable growth opportunities.
AIADMK leaders and workers, including Leader of Opposition Edappadi Palaniswami, are staging a hunger strike in Chennai to protest the Kallakurichi hooch tragedy that claimed 63 lives, demanding a CBI inquiry. The Assembly session saw AIADMK creating chaos, leading to their suspension and eviction for disrupting proceedings. The death toll rose to 63, with 229 affected by the illicit liquor consumption in Tamil Nadu.
Top brokerages like Jefferies, Equirus, Morgan Stanley provide ratings and targets for Dr Reddy's Labs, PI Industries, Go Digit, Bharti Hexacom. Recommendations include underperform, long, equal weight ratings with detailed insights on growth, acquisitions, and market positioning.
US Secretary of State Antony Blinken has expressed concern over the rising anti-conversion laws, hate speech, and demolition of homes and places of worship affecting minority faith communities in India. His remarks came during the release of the annual State Department report on international religious freedom on Wednesday. Blinken also highlighted global efforts to protect religious freedom.
RateGain Travel Technologies Ltd., incorporated in the year 2012, is a Large Cap company (having a market cap of Rs 8668.95 Crore) operating in General sector.
Experts suggest buying opportunities in stocks like Indus Tower, ICICI Bank, Grasim Industries, and Kotak Mahindra Bank for short-term traders, as per recommendations on ETNow.
Parekh agreed to pay Rs 25 lakh (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said.
Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 119417.66 Crore) operating in Pharmaceuticals sector.
The highest open interest (OI) is observed at the 24,000 strike on the call side, while on the put side, it is at the 23,500 strike. Therefore, the expected trading range for the day is between 23,500 and 24,000.
Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 574616.04 Crore) operating in FMCG sector.
There are no changes in the recommendation list this month. If you are investing in these schemes, you can relax and continue with your investments. Follow our monthly updates regularly.
UltraTech Cement approved acquiring a 23% stake in India Cements for Rs 1,885 crore at Rs 267 per share, describing it as a financial investment. The deal, which has been described as a "financial investment" by the Aditya Birla Group company, would be done in cash payment. UltraTech's stock surged 6% to Rs 11,811, and India Cements rose 12.5% to Rs 295.75 on the news.
Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 151619.70 Crore) operating in Metals - Non Ferrous sector.
Parliamentary Affairs Minister Kiren Rijiju on Wednesday commented on the Congress party's re-appointment of Sam Pitroda as Chairman of the Indian Overseas Congress. Rijiju pointed out that Prime Minister Modi had already anticipated this move. In a post on X (formerly Twitter), the Union Minister wrote that Prime Minister Modi had predicted this development and took a jibe at Rahul Gandhi's adviser.
Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 6639.38 Crore) operating in Infrastructure sector.
NLC India Ltd., incorporated in the year 1956, is a Mid Cap company (having a market cap of Rs 33528.87 Crore) operating in Power sector.
