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I think private sector banks, ICICI Bank, Axis, some of the PSU banks like SBI, maybe Union Bank and NBFCs would give a very good upside from a let us say 6 to 12 months perspective and once this RBI event is out of the way, that will give us more clarity on the trend.

Leading global brokerage firms maintain optimistic ratings on select stocks, predicting significant upside potential within 12 months. Key recommendations include Godrej Properties, Titan Company, and Nestle India, highlighting robust fundamentals and growth prospects in diverse sectors despite some target price adjustments.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which the stock was traded throughout the day, with the average weighted by trading volume.

ICICI Securities maintains a hold rating on Bajaj Electricals with a target price of Rs 760, down from Rs 900. Bajaj Electricals, a Mid Cap company in the Consumer Durables sector, reported a consolidated total income of Rs 1302.51 crore for Q3 FY24, a 14.91% QoQ increase, with a net profit of Rs 33.36 crore.

Ola Electric share price: Ola Electric shares are expected to remain in the spotlight on Thursday, February 6, following the company s announcement of its foray into the motorcycle segment with the launch of five variants of the Roadster X series, starting at an introductory price of Rs 74,999.

Azad Engineering share price: Azad Engineering will manufacture highly complex machined parts in India for the entire lifecycle of the engine program. This deal strengthens the ongoing partnership between Azad Engineering and Rolls-Royce, emphasizing their shared commitment to aerospace manufacturing, precision engineering, and innovation.

IndiGo share price: A larger penalty of Rs 113.02 crore was imposed by the Additional Commissioner of Central Goods & Service Tax - Delhi South Commissionerate. The order claims that IndiGo incorrectly classified services provided to offshore recipients as exports, resulting in GST evasion.

Reliance Power share price saw a significant rise of 8.64% following the announcement of a net profit of Rs 41.95 crore for the December quarter, marking a recovery from a large loss last year. Despite a decline in revenue, reduced expenses and an exceptional gain from a previous quarter contributed to the turnaround.

Indian stock markets turned negative on Thursday morning as major stocks like HDFC Bank, ITC, and M&M dragged the indices down. Investors await the RBI s monetary policy decision and react to ongoing trade war concerns. Power Grid, Infosys, and Bajaj Finance were the top gainers. Swiggy shares fell while Reliance Power shares rose after their respective quarterly results.

The Indian rupee touched an all-time low on Thursday due to high dollar demand and a bearish market sentiment for the currency. Despite interventions by state-run banks, likely on behalf of the Reserve Bank of India, the rupee continued its downward trend. The rupee has declined about 2% this year, making it the worst performer among Asian currencies.