Stock Market LIVE: Adani Ports And SEZ Poised For Robust Growth Antique Says Upon Initiation
Adani Ports And Special Economic Zone Ltd. is poised for robust growth as a comfortable balance sheet position, strong cash-flow generation support, Antique said. The brokerage started the coverage with a 'Buy' rating and a target price of Rs 1,773 apiece, which implies 20% upside from the current level.
Also Read: Adani Ports And SEZ Poised For Robust Growth Antique Says Upon Initiation — Check Target Price
Boom Or Bust? What 'AI Bubble' Burst In US Could Mean For Indian Stock Market?
Wall Street's artificial intelligence (AI) bellwether, Nvidia, reported strong third quarter earnings last week, posting a double beat with revenue of $57 billion and an EPS at $1.30. The AI chip giant commands a market cap of $4.3 trillion after having hit the coveted $5-trillion mark earlier this year.
Nvidia shares, up 38% year-to-date, have retreated 10% since hitting a record high in late October. The Q3 results helped restore a tentative sense of calm after weeks of heavy selling in tech stocks, as investors grew uneasy about stretched valuations and fading prospects for near-term rate cuts.
Stock Market LIVE: Siemens Energy Shares Surge In Early Trade After Stellar Q4
Shares of Siemens Energy Ltd. is buzzing in trade on Tuesday, gaining more than 4% on the back of a stellar fourth-quarter earnings in the financial year ending March 2025.
The stock reached an intraday high of Rs 3,294, compared to Monday's closing price of Rs 3,162. Shares of Siemens Energy have since retreated, currently trading at Rs 3,186, which accounts for gains of more than 0.7%.
Sectoral Performance At Open: Nifty Realty Rises Most
On National Stock Exchange, seven sectoral indices advanced, five declined, and three remained flat out of 15.
Nifty Detractors: M&M, Airtel, ICICI Bank Shares Weigh
Mahindra & Mahindra Ltd., Bharti Airtel Ltd., ICICI Bank Ltd., Nestle India Ltd., and Hindustan Unilever Ltd. shares weighed.
Bharat Electronics Ltd., Eternal Ltd., State Bank of India, Reliance Industries Ltd., and Shriram Finance Ltd. shares limited losses in the Nifty 50 index.
Markets At Open: Nifty, Sensex Falls After Positive Open
The NSE Nifty 50 and BSE Sensex declined after a positive open. The indices were trading 0.03% and 0.04% down, respectively as of 9:22 a.m.
LIVE: Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.47%
Source: Bloomberg
LIVE: Rupee Opens Stronger Against US Dollar
Rupee opened 18 paise stronger at 89.06 against US Dollar
It closed at 89.24 a dollar on Monday
Source: Bloomberg
Tata Motors PV: HSBC Cuts Target Price Amid Fears Over JLR Business
HSBC has come out with a cautious note on Tata Motors Passenger Vehicles Ltd, pointing out that all stars appear to be 'misaligned' for the company's Jaguar Land Rover business.
CLSA Picks Eternal, ICICI Bank, SBI, Infosys, NTPC As It Projects 16% Upside For India By 2026 End
CLSA projected a 16% upside potential for Indian equities as multiple factors come together to form a base-case profitability for 2026.
The brokerage prefers Bajaj Auto Ltd., DLF Ltd., Eternal Ltd., ICICI Bank Ltd., Infosys Ltd., ITC Ltd., Oil and Natural Gas Ltd., NTPC Ltd., State Bank of India, Tech Mahindra Ltd., Tata Motors Ltd., and UltraTech Cement Ltd.
Oil Steadies As Traders Look To Risk-On Mood And Ukraine Talks
Oil steadied as investors tracked a risk-on mood in wider financial markets, which countered the impact of progress in peace talks over Ukraine that could pave the way for increased crude supplies.
West Texas Intermediate held near $59 a barrel after rising by more than 1% on Monday, while Brent closed above $63.
Read the Bloomberg article here.
Reliance Industries Is Up 27% This Year, And Analysts Still See More Upside in 2026
Reliance Industries Ltd. has already delivered a strong year, rising 27% year-to-date and comfortably beating the Nifty’s 17% gain. Yet analysts remain upbeat heading into 2026, citing more room for valuation re-rating, a turnaround in the company’s refining cycle, and a series of catalysts expected next year.
Brokerage firm JPMorgan has revised the stock’s price target to Rs 1,727, with an 'overweight' call maintained.
Asia Markets: Japan's Nikkei 225 And South Korea's KOSPI Rise
Markets in most regions in Asia advanced as hopes for a rate cut in December increased after US Federal Reserve's positive remarks.
The UD Fed Governor Christopher Waller said that a rate cut is due in December because of a softer labour market. The US Fed New York President John Willian said that he also sees room for a near-term rate cut.
Japan's Nikkei 225 and South Korea's KOSPI were trading 0.61% and 0.83% higher, respectively as of 7:30 a.m.
LIVE: GIFT Nifty Indicates Muted Open; Tata Power, Natco Pharma, PFC, RVNL Shares In Focus
The GIFT Nifty was trading 0.02% or 5 points higher at 25,992 as of 6:43 a.m., which implied a flat-to-positive open for the NSE Nifty 50 index.
Tata Power Ltd., Natco Pharma Ltd., Power Finance Corp Ltd., Rail Vikas Nigam Ltd. shares are in focus for Tuesday's trade session.
India's benchmark stock indices ended lower on Friday. The BSE Sensex settled 400.76 points or 0.47% lower at 85,231.92, and the Nifty 50 dropped 124 points or 0.47% at 26,068.15.
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