Stock Market LIVE: GIFT Nifty Hints At Positive Open; NBCC, Max Healthcare, Infosys, TCS In Focus

Shares of newly-listed fintech major Pine Labs Ltd. will be in focus on Thursday's trading session after Emkay initiated coverage on the counter, offering a rather cautious note.

The brokerage firm has initiated coverage with a 'reduce' rating while setting a price target of Rs 210, which suggests a potential downside of almost 13%.

NDTV Profit curated these five stocks from recommendation of various brokerages for Wednesday's session. Analysts chose stocks from information technology, infrastructure, financial, and broking spaces for Wednesday's session.

The NSE Nifty 50 and BSE Sensex are expected to extend gains as indicated by the GIFT Nifty. The futrue contract of GIFT Nifty was trading 0.27% or 70.50 points higher at 26,142 as of 7:54 a.m.

Find the recommended stocks for Thursday's trade here.

Nvidia Corp. delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector.

Sales will be about $65 billion in the January quarter, the chipmaker said in a statement on Wednesday. Analysts had estimated $62 billion on average, according to data compiled by Bloomberg.

Read the full Bloomberg article here.

The GIFT Nifty was trading 0.31% or 81 points higher at 26,152 as of 6:51 a.m., which implied a higher open for the benchmark index NSE Nifty 50.

Fears of artificial-intelligence bubble subdued following robust earnings report from Nvidia Corp. Hence, IT stocks will likely gain in Thursday's session.

Apart from IT stocks, NBCC (India) Ltd., Max Healthcare Institute Ltd., NTPC Green Energy Ltd., Varun Beverages Ltd., Bharat Petroleum Corp Ltd. shares will likely be in focus.

The Nifty 50 closed up 142.60 points or 0.55% higher at 26,052.65, while the Sensex advanced 513.45 points or 0.61% to 85,186.47.