Stock Market LIVE: Nifty, Sensex At Day's Lows; HAL Spearheads Defence Sector Decline

• Nifty down 100 points from days high

• Nifty dragged by Nifty Realty and Nifty Oil and Gas

• Prestige, Raymond, Brigade and Godrej Properties fell over 2% off day's high

• Broader market indices remains under pressure

• Nifty smallcap 250 being dragged for fifth consecutive session

• Maintain Overweight; Hike target price to Rs 1,727 from Rs 1,695

• Valuations relative to peers are still attractive

• Estimate RIL still trades at a 15% holding company discount

• Earnings drag from weak refining and petchem through FY24/25 is over

• Expect earnings growth should be much better

• Current refining strength has the potential to drive upgrades

• Catalysts in 2026 - Jio IPO, tariff increase, new energy commissioning, more stable retail growth - can be supportive of stock

• Arm gets ICAT certificate for 250 MW BLDC hub tricycle motor

• Alert: ICAT stands for International Centre For Automotive Technology

Source: Exchange Filing

In its latest India Strategy note, Jefferies anticipates an upturn in Indian market in the second half of the financial year ending March 2026 - a run that may continue through FY27.

Read the whole story here.

The company is set to launch six residential projects worth around Rs 10,300 crore in North Bengaluru.

Source: Exchange Filing