The BSE Sensex and NSE Nifty50 showed promising growth. The Sensex increased by approximately 170 points, reaching around 80,835, while the Nifty50 achieved a new record high of 24,650, rising about 75 points. Major contributors to this upward trend included Bharti Airtel, SBI, and Tata Steel.
Share Market Update today
- Top Gainers: Hatsun Agro surged 9%, while Vodafone Idea saw a 2% increase.
- Top Losers: Nifty Pharma was the top loser, down 0.12%, and RVNL shares fell by 3.37% to Rs 605.
Sector Performance:
- Gainers: Nifty PSU Bank led the gains with a 0.8% increase.
- Losers: Nifty Pharma experienced a slight decline, making it the top losing sector of the day.
Significant Stock Movements:
- Hatsun Agro: The company’s stock surged by 9%, marking a significant gain.
- Vodafone Idea: The stock increased by 2%, reflecting positive market sentiment.
- RVNL: Shares of RVNL declined by 3.37%, closing at Rs 605.
Global and Brokerage Insights:
- Brokerage Recommendations: Nuvama advised buying Emami stock, projecting a 20% upside target.
- Global Calls: Various brokerage firms updated target prices and recommendations for companies like Bharti Hexacom, HDFC Life, and Vodafone Idea, reflecting mixed sentiments in the global market.
Financial experts are optimistic about the market’s trajectory, especially with sectors like PSU Bank showing robust performance. However, cautious approaches are recommended for sectors like Pharma, which showed slight declines.
The Indian share market continues to exhibit dynamic movements with sectors experiencing varied performances. Investors are advised to stay informed and consider expert recommendations for making informed decisions.
