Indian equity markets opened the week higher, supported by positive macro data and global trends. The S&P BSE Sensex went up by 240 points at 62,787 and Nifty50 was settled at 18,593 levels. Auto gained 0.92%, pharma was up 1.23%, capital goods climbed nearly 1.14%, while IT was a laggard. Tata Motors’ shares rose by 1.79%, HAL’s shares were up by 3.8%, and Tata Chemicals’ shares rose by nearly 3% on Monday. Technical and Derivative Research Analyst at Reliance Securities recommends buying Tata Motors, HAL and Tata Chemicals shares.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.