Stock Market LIVE: Nifty, Sensex Fall After Muted Open As Infosys, RIL Shares Weigh
Defence stocks were leading rally for second session in a row.
KEY HIGHLIGHTS
Waaree Energies, Premier Energy, Suzlon Energies, BHEL Rated New 'Buy' At UBS
UBS has initiated coverage on multiple industrial and infrastructure power Original Equipment Manufacturers with a buy rating. The brokerage believes that OEMs are expected to see significant growth given UBS sees profits will increase 3.7 times from FY20-25 to FY25-30 and established leaders will see a 45% Compound Annual Growth Rate in profits.
The report suggests that there is room for creating value for stakeholders, and the advantage lies with existing market leaders.
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Waaree Energies, Premier Energy, Suzlon Energies, BHEL Rated New 'Buy' At UBS — Check Target Price
Stock Market Live: Godfrey Phillips Hit Record High As Net Profit Increases
Godfrey Phillips India Ltd. share price hit a record high in Tuesday's session as the company's net profit increased during April–June period.
Sectoral Performance At Open: Nifty PSU Bank Outperforms
On National Stock Exchange, eight sectoral indices advanced, five declined, and two remained flat out of 15 sectoral indices.
Nifty Detractors: HDFC Bank, RIL, ICICI Bank Weigh
HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Infosys Ltd., and Mahindra & Mahindra Ltd. weighed on the NSE Nifty 50 index.
Bharti Airtel Ltd., State Bank of India, Maruti Suzuki India Ltd., IndusInd Bank Ltd., and Coal India Ltd. limited losses in the index.
Stock Market Today: Nifty, Sensex Fall Shortly After Muted Open
The NSE Nifty 50 and BSE Sensex declined shortly after a muted open as HDFC Bank Ltd. and Reliance Industries Ltd. shares weighed. The indices were trading 0.12% and 0.18% down, respectively as of 9:23 a.m.
