Stock Market Live: Nifty Below 26,000, Sensex Down Over 200 Points; Rupee Hits Record Low
The NSE Nifty 50 ended 0.57% higher at 26,046.95, while the BSE Sensex closed 449.53 points higher at 85,267.66.
Stock Market Live Update: Nifty, Sensex Trade Lower Pre-Open
At pre-open, the NSE Nifty 50 was trading 116.90 points or 0.45% lower at 25,930.05. The BSE Sensex was down 0.38% or 324.62 points at 84,943.04.
Rupee Vs Dollar Today: Rupee Hits New Low
Rupee weakened 14 paise to hit new low of 90.57 against US Dollar.
It closed at 90.41 on Friday.
Source: Bloomberg
Stock Market News Live: Vodafone Idea In Focus
In what could be a massive development for Vodafone Idea, the government is poised to offer an interest-free moratorium for the company on account of its massive adjusted gross revenue (AGR) liabilities, reports The Economic Times.
The report points out that the government is planning a relief package that would cover the telecom operator's pending statutory dues, amounting to over Rs 83,000 crore.
Stock Market News Live: Nifty Mid Caps To Offer 22% Upside, Says CLSA's Laurence Balanco
After predicting Nifty to reach 28,800 levels in 2026, CLSA technical analyst Laurence Balanco believes Nifty mid-cap stocks are offering a major buy signal and could deliver gains of up to 22%.
In his latest Price Action note for CLSA, Balanco highlighted that the Nifty Midcap index has pulled back to a key confluence of support. This means the index is currently an attractive entry point for investors.
Hindustan Zinc Shares In Focus: Jefferies Initiates Buy Call Backed By Silver Play
Jefferies on Monday has initiated coverage on Hindustan Zinc Ltd. with a Buy rating and a target price of Rs 660 due to attractive play on rising silver and zinc prices, supported by the company’s first-decile zinc mining costs and strong cash generation. The target price implies an upside of around 22%, including a dividend yield of about 4%.
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