Tech view: 24,500 crucial resistance in Nifty, buy on dips recommended above 24,000. How to trade on Thursday
The 24,500 level serves as a key resistance, and a sustained breakout above it could lead to further gains. Amid current volatility, traders are encouraged to adopt a buy-on-dips approach, provided the index stays above 24,000, according to Hardik Matalia, Derivative Analyst at Choice Broking.
60 GW power generation by FY32 an intermediary step, not the final destination: NTPC Green CMD
NTPC aims to add 60 gigawatts of power generation capacity by 2032. The company will commission 3,000 megawatts this year, 5,000 megawatts next year, and 19,000 megawatts by 2027. NTPC Green Energy will develop renewable energy projects with several states. The company is also exploring nuclear, hydrogen, and ammonia for future energy solutions.
How many assumptions on Trump 2.0 from a market standpoint are real? Nilesh Shah explains
Nilesh Shah emphasizes the need to present a comprehensive trade picture to President Trump, highlighting India’s openness to American tech companies, substantial spending by Indian students and tourists in the US, and the comparatively smaller trade deficit. He suggests leveraging America’s focus on China’s large trade surplus to maintain favorable tariff terms for India.
Government spending and liquidity easing to spur growth: Satish Kothari
Businesses and thereby sectors which fit in this criteria right now are certain sub-pockets of consumption, particularly in terms of organised value retailing, certain consumer discretionary space and food delivery, quick commerce.
Prestige Estates Projects shares drop over 5% after Morgan Stanley cuts target price and rating
Shares of Prestige Estates dropped 5% after Morgan Stanley downgraded the stock to ‘Underweight’ citing slower pre-sales growth and reduced FY25 estimates, with a revised target price of Rs 1,510.
Adani stocks jump up to 7.5% after group issues clarification on US bribery allegations
Adani Group stocks rallied after the company clarified that its chairman, Gautam Adani, and other executives are not facing bribery charges as per the US Department of Justice. Moody’s, however, revised its outlook on seven Adani companies to negative, citing governance concerns and potential operational disruptions amid ongoing legal proceedings.
C2C Advanced Systems GMP declines to 40% after SEBI action
C2C Advanced Systems’ IPO grey market premium dropped to about 40% after SEBI intervened, prompting a listing postponement and a withdrawal option for investors. Sebi’s action follows concerns and requires an independent audit of the company’s financials. The IPO, initially subscribed nearly 96 times, faces scrutiny similar to Trafiksol ITS Technologies earlier this year.
LTIMindtree aiming for $10 billion revenue by 2032. What brokerages say
LTIMindtree targets $10 billion revenue by FY32 but faces execution risks and margin pressures. Brokerages remain cautious with mixed ratings and target prices.
M&M shares jump nearly 3% after launching 2 new EVs
Mahindra & Mahindra’s stock rose 2.7% after launching new EVs BE 6e and XEV 9e, receiving positive brokerage reviews, with a target price of Rs 3,700 from Nuvama.
Hyundai Motor shares surge 2% after Morgan Stanley and JPMorgan initiate coverage
Hyundai Motor India shares rose nearly 2% to Rs 1,926 after Morgan Stanley and JPMorgan initiated coverage with an overweight rating. Both brokerages highlighted the company’s strong growth potential, strategic positioning in the SUV and electric vehicle segments, and attractive valuation metrics as key factors for their positive outlook.