Latest Stock Market News

Brokerage firm Jefferies upgraded Bank of Baroda to a buy, Citigroup has a buy rating on Polycab, Jefferies maintained a buy rating on Eicher Motors and Morgan Stanley downgraded Tata Motors to Equal Weight.

Sanjiv Bhasin advocates a shift from capex stocks and autos to defensive sectors like IT, FMCG, and PSUs. He highlights opportunities in IT due to a weaker rupee and US spending rebound, emphasizing specific stock picks. Bhasin says: "It is a good time to start deploying the cash you have raised. By tomorrow, or latest the day after, we should be starting to head up."

The Nifty IT index was trading 0.56 per cent down at 32749.75.

While at this juncture where we are, I will probably say that a win is definitely priced in, for sure, but probably in the 330-350 range, so it is that range which is getting priced in at this juncture, which is more or less something which they achieved in the previous election phase as well.

A total of 13,018 shares changed hands on the counter till 11:06AM (IST)

A White Marubozu is a bullish candlestick pattern in technical analysis.

Anand Tandon provides insights on market dynamics, banking sector performance, consumer trends, and investment strategies amidst evolving economic landscapes and global uncertainties, suggesting cautious optimism and strategic planning for future opportunities.