Sensex Today | Stock Market LIVE Updates: Nifty 50 Defends Key Support Level Amid Market Volatility
The Nifty 50 opened 3,456.25 points below its all-time high of 26,277.35, with 22,800 emerging as a critical support level during today’s trading session. While U.S. markets closed higher overnight, Asian markets started the day in the red. Several stocks, including Bharat Forge, Tata Tech, IREDA, Zomato, Mahindra, and Torrent Power, remain in focus.
Key Market Developments
Garden Reach Secures Rs 123 Crore Mauritius Coast Guard Contract
Garden Reach Shipbuilders signed a contract with India’s Ministry of External Affairs for the refit of the Mauritius Coast Guard Ship Barracuda. The deal is worth ₹123.97 crore plus 15% for additional work and spares. Despite this, the stock remains over 50% below its peak.
Vesuvius India Ltd. Considers Stock Split Amid 40% Correction
Shares of Vesuvius India Ltd. surged 6% after the company announced a board meeting on February 26 to discuss a potential stock split.
Stock Recommendations: Buy & Sell Calls
- Sell Bajaj Finance – Target ₹8,180, Stop Loss ₹8,450
- Buy Bajaj Auto – Target ₹8,840-8,900, Stop Loss ₹8,520
- Buy Hindalco – Target ₹640, Stop Loss ₹619
- Sell Dabur – Target ₹490, Stop Loss ₹511
- Sell Bata – Target ₹1,220, Stop Loss ₹1,272
- Buy Angel One – Target ₹2,400, Stop Loss ₹2,300
Reliance Industries Has 30% Upside Potential, Says Morgan Stanley
Morgan Stanley remains “overweight” on Reliance Industries Ltd., setting a price target of ₹1,606, representing 30% upside potential.
NHPC Could Double in Four Years, Predicts CLSA
CLSA upgraded state-run NHPC Ltd. to “high conviction outperform”, signaling strong growth potential in the coming years.
Bajaj Finance Gets ‘Sell’ Rating Despite Strong Performance
UBS downgraded Bajaj Finance, setting a ₹6,800 price target, implying 20% downside.
Netweb Technologies Recovers 50% of Recent Losses
Netweb Technologies rebounded 17% in two sessions, recovering half of its eight-day decline.
CreditAccess Grameen Extends Losing Streak
Shares of CreditAccess Grameen Ltd. fell nearly 5%, marking a 16.4% drop over three sessions.
Would you consider investing in these stocks given the current market trends?
