News

– Nomura is “neutral” on HDB Financial with a price target of ₹740.

– ₹740 is also the issue price for HDB Financial

– Jefferies has maintained its “buy” rating with a price target of ₹845

– Motilal Oswal remains “neutral” but has raised its price target to ₹720 from ₹650 earlier

Aurobindo Pharma has expanded the biologics manufacturing partnership with Merck Sharp & Dohme. The deal supports Aurobindo’s contract manufacturing for biologics.

Rubicon Research has also entered into the Indian branded formulations market by acquiring 85% stake in Arinna Lifesciences for close to 176 crore rupees.

HDB Financial Services reported a 22% surge in its core income, while profits grew over 40% from last year. Asset quality also improved.

ICICI Lombard’s gross written premium went up by 17% from last year, while total income also went up by a similar quantum.

Tejas Networks reported its fifth straight quarterly loss with revenue seeing a decline of over 70% both sequentially and year-on-year.

– Tejas Networks reported a 70% sequential drop in its revenue for the fourth quarter

– On a year-on-year basis, revenue declined 72%

– The company reported a net loss for the fifth straight quarter

– Revenues for FY26 were down 87% year-on-year

– Stock among worst performers in the Smallcap index, down 47% in last 12 months

– Nifty put-call ratio at 1.11

– FIIs bought ₹1,243 crore in index futures and sold ₹94 crore worth of stock futures

– Net FII shorts remain at 79% with longs at 21%

– 24,200 Nifty put sees addition of 44.25 lakh shares

– 24,200 Nifty call also sees addition of 34.57 lakh shares

– Sammaan Capital and SAIL remain the two stocks in the F&O ban

– Nexus Fund sold 0.53% stake in the company on Wednesday for ₹186 crore

– Here’s the list of buyers: Goldman Sachs, Morgan Stanley, Edelweiss MF, Nippon India MF, and Viridian Asia Opportunities Fund

– Stock still trades below its issue price of ₹487

“The recovery rally is now testing overhead resistance at 24,300 – 24,400, an area defined by the 50-DMA. A decisive break above this resistance zone would place the index back into the H2 2025 trading range, with 200-DMA providing the next upside hurdle near 25,130.”

The GIFT Nifty, an early indicator of how Indian equities are likely to begin trading, is indicating another Gap-up start for our own markets on the day of the Sensex weekly expiry.

Asian markets have opened higher, tracking overnight moves on Wall Street, which took the S&P 500 and Nasdaq to record high levels.

Both the Nikkei 225 index and the KOSPI in South Korea have opened with gains of over 1% each, while futures on the Hang Seng index are also indicating a positive start.

Crude oil prices are mostly steady this morning.

Oil prices are devoid of any significant price action over the last few sessions.

Hopes of a potential truce between the US and Iran is preventing any further rise.

Brent remains around $95 a barrel, while WTI is holding on to the $90 a barrel mark.

Today is the weekly expiry of the Sensex contracts.

Stocks like HDB Financial, ICICI Lombard and Tejas Networks will also be reacting to their results that were reported after market hours on Wednesday.

Stocks like Wipro, HDFC Life, Angel One, CRISIL, HDFC AMC are some names that will be reporting their results today,

The bulls would want to take heart from the overnight rally on Wall Street.

S&P 500 gained for 10th out of the last 11 trading sessions.

Nasdaq rallied for the 11th day running.

Both the indices ended at record high levels overnight.

The Nifty 50 index is now up over 2,000 points from the recent lows of 22,182.

Largecaps have done well, but it is the broader markets that have outperformed.

The Nifty Smallcap 250 index recovered all of its Iran war losses during Wednesday’s trading session.

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