Indian stock markets surged to a six-month high with Sensex rising 400 points and Nifty crossing the 18,700 mark as it reacted positively to macro data and strong global trends. The FMCG sector rose 1.38%, while consumer durables climbed 1.8%. Real estate, too, showed a jump of 2.94%. Stocks such as MRF and Olectra Greentech were among those in focus. Experts at SSJ Finance & Securities recommend buying at the current level and dips of INR 97,000 for MRF and Olectra Greentech, with resistance around INR 940 and selling at INR 201 for ZEE.
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.