The Indian stock market opened on a volatile note today, with the Sensex and Nifty struggling to gain momentum. Investors remain cautious as global uncertainties continue to impact market sentiment. At 09:47 IST, the Sensex stood at 75,958.76, down 38.10 points (-0.05%), while the Nifty 50 was at 22,925.75, falling by 33.75 points (-0.15%).
Key Highlights
- Most Active Stocks: Bharti Airtel, Zen Tech, ABB India
- Top Gainers: Tech Mahindra, Apollo Hospitals, Axis Bank
- Top Losers: Tata Steel, NTPC, ONGC, JSW Steel, Bajaj Finserv
- Sector Performance:
- Best Performing Sector: Nifty IT (+0.97%)
- Worst Performing Sector: Nifty PSU Bank (-1.25%)
Top Gainers and Losers
Biggest Gainer
- Tech Mahindra: ₹1,691.80 (+1.61%)
Biggest Loser
- BPCL: ₹249.50 (-1.11%)
Brokerage Calls & Market Insights
- UBS Maintains ‘Buy’ Rating on PCBL: UBS has kept a buy rating for PCBL, setting a target of ₹600. The company is expanding its production of Acetylene Black, a high-margin product with significant growth potential.
- Infosys, Mphasis Gain on Positive Ratings: Brokerage firm Nirmal Bang has reiterated its buy rating on these stocks, leading to a surge in their prices.
Economic Overview
According to a Moneycontrol analysis, sales growth for the December 2024 quarter has slowed to 4.1%, marking the lowest pace in five quarters. However, operating profit has surged, indicating improved efficiency and cost control among firms in the BSE500 index.
Company-Specific News
- Gabriel India Signs License Agreement with Marelli Suspension Systems Italy:
- Gabriel India has entered into a strategic partnership with Marelli Suspension Systems Italy.
- This deal will help Gabriel India manufacture, distribute, and market new automotive suspension products in India.
Banking Sector Performance
The Nifty Bank index fell by 0.36%, with major banks facing downward pressure.
Top Losers in Nifty Bank
| Company | Current Market Price (₹) | Change (%) |
| PNB | 91.85 | -1.43 |
| Bank of Baroda | 204.47 | -1.2 |
| SBI | 719.55 | -1.12 |
| Canara Bank | 84.21 | -1.03 |
| Federal Bank | 180.10 | -0.79 |
Market Outlook
The stock market remains highly volatile as global economic concerns, rising inflation, and geopolitical tensions weigh on investor confidence. Experts suggest that investors should remain cautious and focus on fundamentally strong stocks with long-term growth potential.
Conclusion
Today’s stock market session has been a mixed bag, with Sensex and Nifty trading flat amid volatility. While Tech Mahindra led the gains, PSU banks and oil companies struggled. Investors are advised to keep a close watch on global trends, corporate earnings, and sectoral performances before making investment decisions.
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Disclaimer:
This article is based on stock market updates sourced from Moneycontrol. The content is for informational purposes only and should not be considered financial advice. Investors should do their own research before making investment decisions.
