Latest Stock Market News

Elara Capital has raised Oberoi Realty s target price to Rs 2,500, highlighting its strong residential pipeline, aggressive business development, and robust balance sheet. Expansion in key markets and entry into Gurugram support its growth. Rental and hospitality segments are also expected to boost revenue, making it an attractive investment despite potential risks.

UltraTech Cement, Bajaj Finance, M&M, and other largecap stocks have seen significant upgrades in their target prices over the past month, with upside potentials ranging from 2% to 32%. Analysts have revised their predictions, reflecting positive outlooks for these stocks and suggesting potential gains for investors in the near future.

The Nifty Realty index was trading 1.09 per cent down at 800.5.

Adrian Mowat highlights the shifting dynamics where the US economy and equities underperform while China and Europe appear more attractive. He notes a reallocation of funds from India to China. If the dollar weakens and emerging markets improve, India could benefit. Currently, India s outlook remains uncertain due to global market trends.

InterGlobe Aviation shares, parent company of IndiGo, are in focus after the airline’s market share rose to 65.2% in January. Domestic air traffic grew 11.28%, with IndiGo capitalizing on the growth while Air India s market share declined. Analysts predict an 11.5% potential gain for the stock, which has gained 39.6% in the past year.

The Indian market is expected to consolidate on Friday, with Nifty futures closing 0.17% lower on February 27. Options data suggests a trading range between 22,000 and 23,000 zones, with an immediate range of 22,300 to 22,800. Analysts have shared stock recommendations, including Chambal Fertilizers, Bajaj Finance, and Maruti Suzuki, with targets and stop-loss levels.

Foreign investors increased their stake in Home First Finance from 25.5% in September 2024 to 37.9% in December 2024, marking a rise of 12.3 percentage points

Market Crash Today: Nifty IT index stocks dropped as much as 4%, mirroring overnight losses on Wall Street after a decline in chipmaker Nvidia. Persistent Systems, Tech Mahindra, and Mphasis were among the biggest losers. At the same time, the Nifty Auto index opened with a decline of over 2%, while the Nifty Bank, Metal, Pharma, Consumer Durables, and Oil & Gas indices saw losses between 1-2%.