Latest Stock Market News

Neeraj Dewan recommends DLF for long-term investment with a target of Rs 975 for one year. BCL, with a target of Rs 80, is considered a high-risk stock with potential growth. Siyaram Silk Mills Limited, valued reasonably, is expected to perform well, with a target of Rs 525 for the next year.

Chakri Lokapriya highlights a selective approach toward pharma, favoring Cipla and Piramal for potential gains due to specific catalysts like FDA approvals. He recommends buying IT stocks like HCL Tech and Mphasis amid market dips, driven by robust cloud computing growth predictions. Trent and Titan continue to show strong urban consumption trends.

Indian stock markets ended lower on Thursday due to a sell-off in software companies and persistent selling by foreign institutions. The BSE Sensex decreased by 553 points and the Nifty50 dropped by 135.5 points. Software exporters like HCLTech and Tech Mahindra saw significant declines, while drugmaker Cipla and infrastructure major Larsen & Toubro were among the gainers.

Indian benchmark indices closed in the red on Thursday, marking their second consecutive decline amid volatility. IT stocks led the downturn, though FMCG and bank stocks provided some support. Nifty ended at 24,205.35, down 135.50 points or 0.56%, while the S&P BSE Sensex fell 553.12 points, or 0.69%, to 79,389.06.