Stock Market Live Update: Nifty Below 25,600, Sensex Falls Over 300 Points; Dmart, TCS Shares In Focus
Dmart, TCS, HCLTech, Vedanta Bank Of Baroda, Shriram Finance, Lemon Tree And Power Finance Corp are some of the stocks to watch today.
Stock Market Live Update: Nifty Below 25,600, Sensex Falls Over 300 Points
The NSE Nifty 50 and BSE Sensex opened marginally lower on Monday extending decline for the sixth day. The Nifty 50 opened 0.06% lower at 25,669.05 and Sensex opened 0.17% down at 83,435.31. However, minutes after open the Nifty fell below 25,600 and Sensex was also trading over 300 points lower.
Stock Market Live Update: Nifty, Sensex Decline In Pre-Open
At pre-open, the NSE Nifty 50 was trading 14.25 points or 0.06% lower at 25,669.05. The BSE Sensex was down 142.09 points at 83,434.15.
Hindalco May Outperform On Aluminium Price Tailwinds, Says HSBC — Check Revised Target Price
Shares of Hindalco Industries are back in focus after HSBC Global Investment Research reiterated its Buy rating and raised its target price, citing growing upside risks to earnings and valuation as global aluminium markets tighten. HSBC raised its target price on Hindalco to Rs 1,060 from Rs 1,040, implying a potential upside of about 17% from current levels.
The brokerage said that at prevailing spot LME aluminium prices and USD/INR levels, Hindalco’s earnings could materially surprise to the upside over the next two financial years, even though its estimates are already among the most optimistic on the street.
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Hindalco May Outperform On Aluminium Price Tailwinds, Says HSBC — Check Revised Target Price
Groww Shares In Focus As Kotak Securities Initiates Buy Coverage
Kotak Securities has initiated coverage on Billionbrains Garage Ventures Ltd (Groww) with a Buy rating and a target price of Rs 190, implying a valuation of around 35 times March 2028 estimated earnings. The brokerage’s constructive medium-term outlook is anchored in Groww’s ability to build scale through trust and technology, expand monetization across multiple financial products and deliver rising profitability supported by strong unit economics.
Avenue Supermarts Shares In Focus After Q3 Results
Shares of DMart's parent company, Avenue Supermarts Ltd. will be in focus heading into trade on Monday after the company reported its third quarter results for the financial year ending March 2026.
During this period, DMart's revenue grew over 13.3% to Rs 15,973 crore. The net profit of the company stood at Rs 856 crore compared to Rs 724 crore that it clocked in during the previous year.
Read more here.
