Indian Stock Markets Soar Amid Global Worries: Check Today's Key Stock Levels and Gainers 📈
Stocks on the rise: Nifty surpasses 24,700, Sensex advances by 400 points; notable increases in Eternal, Dr. Reddy's, and Trent shares.
It's 1:20 PM, and the markets are thriving with the Sensex jumping 469 points to 81,467.83 and the Nifty ascending by 148 points at 24,768.45.
In the afternoon, the Sensex experienced a boost, shooting up by 652 points or 0.81% to 81,650.90, while the Nifty gained 195 points or 0.79%, trading at 24,815.20.
India's equity markets started Thursday's trading session on a positive note, defying global apprehensions and disheartening US economic data.
This morning, the Sensex opened at 81,196.08, up 197.83 points or 0.24%, whereas the Nifty began the day at 24,659.20, up 39 points or 0.16%. The Nifty Bank index also exhibited a firm start, opening at 55,757.05, higher by 0.14%.
Dr. VK Vijayakumar, Geojit Financial Services' Chief Investment Strategist, expressed concerns about both geopolitical and economic news potentially impacting markets in the near future. He noted that tensions between Russia and Ukraine, as well as the recent attacks on Russian planes, could lead to significant consequences.
Furthermore, he highlighted the weakness in the US economy, evident in the sharp decline in the US ISM PMI data. This weakness may lead to a fall in the US 10-year bond yield.
Unleash the Power of These 3 Cement Stocks in FY26 🏗️
Today, we delve into the 5 crucial factors to keep an eye on:
- Rising Infrastructure Demand: expects a surge in infrastructure projects due to government's PPP model initiatives, positive budgetary provisions, and increased focus on smart city development.
- Improved Profit Margins: Improvements in operational efficiency translates into better profit margins for leading cement manufacturers, such as Ambuja Cements, ACC Limited, and UltraTech Cement.
- Capital Expenditure Plans: Key players like Aditya Birla Group's Grasim Industries and Shree Cements expand their production capacities with substantial investments in plant expansions, energy-efficient technologies, and competitive port infrastructure.
- Growing Government Support: Govt. policies like taxes on fly ash and cement, and relaxing norms for brownfield projects support cement manufacturers in reducing the cost of production.
- Environmental Initiatives: eco-friendly production methods and waste management techniques, such as UltraTech's investment in renewable energy infrastructure, not only strengthen their green credentials but also reduce production costs in the long run.
Top Performers and Strugglers in Early Trading 📈📉
Among the Sensex 30 pack, early leaders include Eternal, PowerGrid, Reliance, Adani Ports, and M&M.
On the flip side, some stocks weren't able to keep up with the market's momentum: notable laggards Nestle India, Axis Bank, Hindustan Unilever, Bajaj Finance, and Titan.
Asian Markets Show Mixed Results 🌍
Japan's Nikkei 225 slipped 0.39%, while the Topix lost 0.63%. In contrast, South Korea's Kospi gained 0.75%, and the Kosdaq rose 0.28%. The Asia Dow was up 1.10%.
Contemplate These 10 Scorching Stocks Today 🔥
A variety of stocks will likely be the talk of the town: Bharat Electronics, Newgen Software, Adani Enterprises, Maruti Suzuki, NTPC Green Energy, Vedanta, Yes Bank, Gland Pharma, Hindustan Aeronautics, and KEC International.
Scoping Out the Technical Landscape 🔍
Shrikant Chouhan, Kotak Securities' Head of Equity Research, highlights the following important levels for traders:
- For the Nifty, key levels include 24,450 and 24,700. A move above either could induce a rally to the 24,760 to 24,850 levels, but falling below 24,450 might trigger more selling, potentially pushing the index down to 24,350 or even 24,300.
- For the Bank Nifty, support is found at 55,300 with resistance at 55,800. A breakout above the 55,800 mark may propel the index to 56,000-56,150 levels, but a breach below 55,300 might result in a retest of the 55,000-54,900 zone.
- Dr. VK Vijayakumar, from Geojit Financial Services, warned that geopolitical and economic news could have significant impacts on the markets in the near future, including tensions between Russia and Ukraine, the recent attacks on Russian planes, and the weakness in the US economy evident in the sharp decline in the US ISM PMI data.
- In the midst of global worries, India's equity markets started Thursday's trading session on a positive note, with the Sensex and Nifty experiencing gains, defying disheartening US economic data.
- Today, the focus is on the cement industry, with three key stocks expected to unleash their power in FY26, as rising infrastructure demand drives the growth of leading cement manufacturers such as Ambuja Cements, ACC Limited, and UltraTech Cement.
- Uncertainty continues to dominate the stock-market landscape, as Asian markets showed mixed results and traders are contending with important levels to watch, such as the Nifty's potential move above 24,700 inducing a rally or a breach below 24,450 triggering more selling.
- Investors looking for potential gains can consider following the top performers in the market, which may include names like Bharat Electronics, Newgen Software, Adani Enterprises, Maruti Suzuki, and NTPC Green Energy, among others. On the flip side, there are also notable laggards that have struggled to keep up with the market's momentum, such as Nestle India, Axis Bank, Hindustan Unilever, Bajaj Finance, and Titan.
