Morgan Stanley Raises Target Prices For SBI Life, HDFC AMC To ICICI Prudential Life Insurance 

Morgan Stanley has increased the target prices for several non-banking financial companies, factoring in front-loaded rate cuts by the Reserve Bank of India, equity market movements into their earnings per share estimates and cost of equity assumptions.

Read the full article here.

Market Experts’ View: Reliance Securities Sees Upside Till 25,250

Sectoral Performance At Open: Nifty PSU Bank Leads Gains 

On National Stock Exchange Ltd., 13 sectoral indices advanced, one decline, and one remained flat. The NSE Nifty PSU Bank was leading gains, while the NSE Nifty Defence declined the most.

Nifty Contributors At Open: HDFC Bank Supports Gains 

HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., and Larsen & Toubro Ltd. added to the Nifty 50 index.

NTPC Ltd., Oil and Natural Gas Corp, Bharat Electronics Ltd. limited gains in the Nifty 50 index.

Stock Market Open: Nifty, Sensex Rebound As HDFC Bank Supports

The NSE Nifty 50 and BSE Sensex rebounded sharply from Tuesday’s lows as HDFC Bank and Larsen & Toubro Ltd. shares led. The Nifty 50 was trading 260.45 points or 1.04% higher at 25,232.35, and the Sensex was trading 882.26 points or 1.08% higher at 82,779.05.

Stock Market Today: Adani Group Stocks Advance Before Annual General Meeting 

All stocks of Adani Group companies advanced in Tuesday’s session before annual general meeting, which scheduled at 10:30 a.m. Adani Ports And Special Economic Zone Ltd., and Adani Green Energy Ltd. were leading gains.

Track live updates on Adani Group Annual General Meeting here.

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

Stock Market Today: Nifty, Sensex Rise At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.83% higher at 25,179.90, and the BSE Sensex was trading 0.78% higher at 82,534.61.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.30%

Source: Cogencis

Rupee Opens Stronger Against US Dollar

  • Rupee opened 64 paise stronger against US dollar at 86.11

  • It closed at 86.75 a dollar on Monday.

Source: Cogencis

Stock Market Today: Acme Solar Commissions Additional Capacity In Bikaner Solar Project 

Acme Solar Holdings Ltd. has successfully commissioned an additional 60 MW of its Bikaner solar project in Rajasthan through its subsidiary. With this new addition, the company’s total operational renewable energy capacity has now reached 2,890 MW. This milestone was announced in an exchange filing.

Stock Market Live: CLSA India Strategy

  • Down but may not rebound soon

  • All key asset classes have had a better return than Indian equities the last 12 months

  • Equity inflows could come under pressure; performance begets flows

  • Indian equity multiples remain elevated due to big cuts in the Nifty’s EPS estimates

  • Combination of poor 12-month performance and elevated multiples along with a huge line-up of capital raising and IPOs may pressure equity inflows

  • Getting sector rotation right may hold the key: IT may be back in favour

  • Also like staples, real-estate, utilities, banks and energy in our India focus portfolio

Oil Prices Slide As Israel-Iran Tensions Appears To Be Decreasing Post Trumps’s Ceasefire Announcement

Oil prices continued to slide in Tuesday’s session as tensions between Israel and Iran continued to decrease after US President Donald Trump announced a ceasefire between Israel and Iran for 12 hours.

In Monday’s session Brent crude slumped 9.70% to $69.54 a barrel. As of 7:48 a.m., it was trading 2.11% down at $69 a barrel as of 7:49 a.m.

Asia Market Update: Nikkei 225 & Hang Seng Jumps Over 1% On Trump’s Ceasefire Announcement

Markets in Japan, China, Hong Kong, and Australia advanced on optimism that the war in the Middle-East may stop after US President Donald Trump announced a tentative ceasefire between Israel and Iran.

The Nikkei 225 and Hang Seng were trading 1.36% and 1.59% higher, respectively as of 7:27 a.m. Australia’s benchmark index S&P ASX was 1.11% higher.

US Market Update: Futures Trade Nearly 1% Higher As Trump Announces Ceasefire Among Israel and Iran

US Futures were trading nearly 1% higher Tuesday as sentiment improved after US President Donald Trump announced a ceasefire between Israel and Iran for 12 hours. However, Israel and Iran have not confirmed it.

The S&P 500 and Dow Jones Industrial Average were trading 0.96% and 0.89% higher, respectively. The Nasdaq 100 was 0.94% higher as of 7:21 a.m.

On Monday, US stocks ended higher as Iran’s missile attack on US military base is seen as symbolic rather than cue to intensify the conflict between Iran and Israel.

GIFT Nifty Implies Higher Open; Cochin Shipyard, L&T, Tata Motors Shares In Focus

The GIFT Nifty was trading 0.43% or 107 points higher at 25,157 as of 6:50 a.m., which implied a higher open for the NSE Nifty 50.

Traders may keep an eye on Cochin Shipyard Ltd., Larsen & Toubro Ltd., Tata Motors Ltd., and H.G. Infra Engineering Ltd. shares in Tuesday’s session.

The benchmark indices ended lower on Monday despite recovering from the sharp intraday lows that were triggered by the escalating geopolitical tensions.

The Nifty 50 closed 0.55% lower at 24,975.10, while the BSE Sensex ended 0.61% lower at 81,907.15.

. Read more on Markets by NDTV Profit.Morgan Stanley Raises Target Prices For SBI Life, HDFC AMC To ICICI Prudential Life Insurance Morgan Stanley has increased the target prices for several non-banking financial companies, factoring in front-loaded rate cuts by the Reserve Bank of India, equity market movements into their earnings per share estimates and cost of equity assumptions.Read the full article here.Market Experts’ View: Reliance Securities Sees Upside Till 25,250Vikas Jain, head, research at Reliance Securities.”If Nifty sustains above the 24,860 level, further upside toward 25,100–25,250 is possible; however, a break below 24,800 may invite mild selling pressure. Highest call Open Interest is remained at 25,000 strikes while the downside the highest put is at 25,000 for the weekly expiry,” Sectoral Performance At Open: Nifty PSU Bank Leads Gains On National Stock Exchange Ltd., 13 sectoral indices advanced, one decline, and one remained flat. The NSE Nifty PSU Bank was leading gains, while the NSE Nifty Defence declined the most. Nifty Contributors At Open: HDFC Bank Supports Gains HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., and Larsen & Toubro Ltd. added to the Nifty 50 index.NTPC Ltd., Oil and Natural Gas Corp, Bharat Electronics Ltd. limited gains in the Nifty 50 index.Stock Market Open: Nifty, Sensex Rebound As HDFC Bank SupportsThe NSE Nifty 50 and BSE Sensex rebounded sharply from Tuesday’s lows as HDFC Bank and Larsen & Toubro Ltd. shares led. The Nifty 50 was trading 260.45 points or 1.04% higher at 25,232.35, and the Sensex was trading 882.26 points or 1.08% higher at 82,779.05.Stock Market Today: Adani Group Stocks Advance Before Annual General Meeting All stocks of Adani Group companies advanced in Tuesday’s session before annual general meeting, which scheduled at 10:30 a.m. Adani Ports And Special Economic Zone Ltd., and Adani Green Energy Ltd. were leading gains. Track live updates on Adani Group Annual General Meeting here. Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.Stock Market Today: Nifty, Sensex Rise At Pre-OpenAt pre-open, the NSE Nifty 50 was trading 0.83% higher at 25,179.90, and the BSE Sensex was trading 0.78% higher at 82,534.61.Yield On The 10-Year Bond Opens FlatThe 10-year bond yield opened flat at 6.30%Source: CogencisRupee Opens Stronger Against US DollarRupee opened 64 paise stronger against US dollar at 86.11It closed at 86.75 a dollar on Monday.Source: CogencisStock Market Today: Acme Solar Commissions Additional Capacity In Bikaner Solar Project Acme Solar Holdings Ltd. has successfully commissioned an additional 60 MW of its Bikaner solar project in Rajasthan through its subsidiary. With this new addition, the company’s total operational renewable energy capacity has now reached 2,890 MW. This milestone was announced in an exchange filing.Stock Market Live: CLSA India StrategyDown but may not rebound soonAll key asset classes have had a better return than Indian equities the last 12 monthsEquity inflows could come under pressure; performance begets flowsIndian equity multiples remain elevated due to big cuts in the Nifty’s EPS estimatesCombination of poor 12-month performance and elevated multiples along with a huge line-up of capital raising and IPOs may pressure equity inflowsGetting sector rotation right may hold the key: IT may be back in favourAlso like staples, real-estate, utilities, banks and energy in our India focus portfolioOil Prices Slide As Israel-Iran Tensions Appears To Be Decreasing Post Trumps’s Ceasefire AnnouncementOil prices continued to slide in Tuesday’s session as tensions between Israel and Iran continued to decrease after US President Donald Trump announced a ceasefire between Israel and Iran for 12 hours. In Monday’s session Brent crude slumped 9.70% to $69.54 a barrel. As of 7:48 a.m., it was trading 2.11% down at $69 a barrel as of 7:49 a.m. Oil Prices Plunge: Brent Crude, WTI Slip Sharply Despite Iran’s Strike On US Base In Qatar — Here’s WhyAsia Market Update: Nikkei 225 & Hang Seng Jumps Over 1% On Trump’s Ceasefire AnnouncementMarkets in Japan, China, Hong Kong, and Australia advanced on optimism that the war in the Middle-East may stop after US President Donald Trump announced a tentative ceasefire between Israel and Iran.The Nikkei 225 and Hang Seng were trading 1.36% and 1.59% higher, respectively as of 7:27 a.m. Australia’s benchmark index S&P ASX was 1.11% higher.US Market Update: Futures Trade Nearly 1% Higher As Trump Announces Ceasefire Among Israel and IranUS Futures were trading nearly 1% higher Tuesday as sentiment improved after US President Donald Trump announced a ceasefire between Israel and Iran for 12 hours. However, Israel and Iran have not confirmed it. The S&P 500 and Dow Jones Industrial Average were trading 0.96% and 0.89% higher, respectively. The Nasdaq 100 was 0.94% higher as of 7:21 a.m. On Monday, US stocks ended higher as Iran’s missile attack on US military base is seen as symbolic rather than cue to intensify the conflict between Iran and Israel. US Stocks Whipsaw On Reports About Iran Retaliation: Markets WrapGIFT Nifty Implies Higher Open; Cochin Shipyard, L&T, Tata Motors Shares In Focus The GIFT Nifty was trading 0.43% or 107 points higher at 25,157 as of 6:50 a.m., which implied a higher open for the NSE Nifty 50. Traders may keep an eye on Cochin Shipyard Ltd., Larsen & Toubro Ltd., Tata Motors Ltd., and H.G. Infra Engineering Ltd. shares in Tuesday’s session. The benchmark indices ended lower on Monday despite recovering from the sharp intraday lows that were triggered by the escalating geopolitical tensions. The Nifty 50 closed 0.55% lower at 24,975.10, while the BSE Sensex ended 0.61% lower at 81,907.15.Stock Market Highlights: Sensex, Nifty Settle Over 0.5% Lower As US-Iran Tensions Escalate. Read more on Markets by NDTV Profit.  Read MoreMarkets, Notifications 

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