Top Gainers & Losers: IndusInd Bank and HDFC Life Insurance rise most among blue chip stocks, Infosys dips nearly 3% ahead of Q4 results
Top Gainers & Losers: In a largely subdued session, BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431 and NSE Nifty climbed 15.60 points or 0.09 per cent to finish at 17,828.
Top Gainers & Losers: Benchmark equity indices Sensex and Nifty ended higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data.
Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over the recession, however, put a check on the market's uptrend.
In a largely subdued session, BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431 and NSE Nifty climbed 15.60 points or 0.09 per cent to finish at 17,828.
Among the Nifty50 pack, IndusInd Bank, HDFC Life Insurance, Eicher Motors, Apollo Hospitals and Power Grid, were the biggest winners.
Conversely, Infosys, Tech Mahindra, HCL Technologies, NTPC, and Tata Consultancy Services, were among the major laggards.
Shares of Infosys fell by nearly 3 per cent ahead of its quarterly earnings announcement later in the day.
Here's a look at some of the blue-chip stocks that moved the most on Thursday:
IndusInd Bank
Shares of IndusInd Bank ended as the top gainer on Nifty50 and Sensex on Thursday. The stock rose nearly 3 per cent to Rs 1,105 per share on the NSE.
Sharekhan has recommended buying shares of IndusInd Bank for a target price of Rs 1,400 apiece which is an upside of 26.7 per cent.
According to brokerage firm, IndusInd Bank (IIB) has recovered from its past challenges and has been progressing well on guided lines. Strong growth potential from a well-diversified loan book with a rising share of retail loans along with healthy capital ratios gives loan growth visibility.Pic: NSE
HDFC Life Insurance
HDFC Life Insurance stock was among the top gainers on Nifty50, it climbed nearly 3 per cent to Rs 531.35 per share on the NSE.
Phillip Capital has maintained a ‘buy’ rating on HDFC Life Insurance with a target price of Rs 700 per share which is an upside of 31.7 per cent
The brokerage is positive on the company’s long-term growth prospects.
Pic: NSE
Infosys
Infosys closed as a top loser on Nifty50 on Thursday. The stock declined 3.14 per cent to Rs 1,383.4 per share on the NSE ahead of the Q4 result announcement.
Julius Baer is bullish on Infosys and has given a ‘buy’ call for a target of Rs 1,800 apiece which is an upside of 30.1 per cent.
The brokerage is bullish on Infosys’s industry-leading growth, capabilities around cloud/digital transformation, and healthy deal traction, and also aided by its strategy of offering differentiation/innovation and targeting high-growth areas in consulting and automation.
Pic: NSE
Catch the latest stock market updates here. For more news on sports, politics follow Zee Business
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:19 PM IST