Market News

UBS has cut target prices for major Indian pharma stocks. Sun Pharma remains the only buy recommendation thanks to its recent semaglutide launch.

Fourteen out of 15 sectoral gauges compiled by the NSE advanced, led by the NSE Nifty Realty Index's 2.9% rally. On the flipside, the NSE Nifty IT Index was the only sectoral loser, down 0.7%.

The MCX gold April futures contract rose over 3%, while the MCX silver May futures surged more than 5% on Thursday.

The brokerage highlighted that the company is expanding phosphoric and sulfuric acid capacity and targets to achieve full backward integration by FY29.

Bernstein said the best opportunities lie in thermal, nuclear, storage, and grid-linked names, rather than pure-play renewables alone with an exception for diversified renewable players.

United Spirits unlocked massive value by selling RCB for Rs 16,660 crore. Meanwhile, the Rajasthan Royals face a potential Rs 15,200 crore takeover.

The ongoing Middle East conflict has pressured Indian equities. Investors are now seeking stable income through high dividend yields and defensive sectors.

The Amir Chand Jagdish Kumar (Exports) IPO is a book-built issue of Rs 440 crore, which comprises a fresh issue of 2.08 crore shares.

Current grey market premium trends suggest a possible listing gain of around 1-4% for the initial public offerings of Amir Chand Jagdish Kumar and Powerica.

In the international markets, spot gold rebounded after nine sessions of losses, rising $16.96, or 0.38%, to $4,423.83 per ounce, while silver was trading 1.03% higher at $69.86 per ounce.

Investors can check the Central Mine Planning and Design Institute IPO allotment status on the websites of BSE, NSE, and KFin Technologies.

Given the current valuation and execution trajectory, the brokerage has initiated coverage on Bajaj Finserv with a Neutral stance.

Adani Power, Bharat Forge and Mphasis among the stocks in focus heading into trade today.

Here's a look at stocks that are likely to be in focus during the trading session on Wednesday.

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

Top picks include IT midcap Persistent Systems, financial heavyweight Bajaj Finance, commodity exchange platform MCX, auto components manufacturer Uno Minda, and Eternal.

Brent crude dipped over 4% to drop below $100 a barrel at the open and shares rose in Japan, South Korea and Australia on hopes for a de-escalation.

Market analysts, who spoke toNDTV Profit,have identified high-conviction trading ideas within the Nifty 50 basket

The global benchmark Brent crude futures fell nearly 6% to $98.31 per barrel, while West Texas Intermediate futures dropped 5% at $87.65 per barrel.