Indian market closed higher for the sixth consecutive day due to positive global cues, with the S&P BSE Sensex rising over 300 points and Nifty50 closing above 17,900 levels. Stocks that performed well include Raymond, which rose by over 6%, Glenmark Pharma with over 5%, and KPIT Technologies which saw a fresh 52-week high. Technical expert Amol Athawale of Kotak Securities recommends 1640 as the trend decider level for Raymond, while 530 is expected to act as an important support zone for Glenmark Pharma and 880 is the trend decider level for KPIT Technologies.
AMFI Reshuffle: Five midcap stocks that may get upgraded to largecap
Nuvama Institutional Equities expects five midcap stocks, including Bosch, Zydus Lifesciences and Lodha Developers, to move into the largecap category in AMFI’s H1 CY27 reclassification.