Sectoral Performance At Open: Nifty Defence Outperforms 

Nifty Contributors: RIL, Axis Bank, HDFC Bank Shares Support

Markets At Open: Nifty, Sensex Extend Gains 

The NSE Nifty 50 and BSE Sensex extended gains as Reliance Industries Ltd., Bajaj Finance Ltd., and Axis Bank Ltd. shares led. The indices were trading 0.16% and 0.17% higher, respectively as of 9:20 a.m.

LIVE: Rupee Opens Weaker Against US Dollar

  • Rupee opened 3 paise weaker at 88.63 against US Dollar

  • It closed at 88.59 a dollar on Wednesday

Source: Bloomberg

BofA Constructive On Financials, Real Estate, REITs, Autos — Here’s Why

BofA remains constructive on financials, real estate, REITs and autos because of these are rate-sensitive and part of the domestic cyclicals story. On a defensive front, the global brokerage prefers exposure to hospitals, telecom, and regulated power utilities.

Stock Market News: Va Tech Wabag Gets ADB-Funded Large DBO Order In Nepal

Va Tech Wabag Ltd. received Asian Development Bank-funded ‘large’ DBO order from the Nepal Government. The company will use the fund to build Sundarijal Water Treatment Plant in Kathmandu Valley, the company said in the exchange filing.

Pine Labs Shares In Focus As Emkay Initiates Coverage With A ‘Reduce’ Call — Check Target Price And Key Risks

Shares of newly-listed fintech major Pine Labs Ltd. will be in focus on Thursday’s trading session after Emkay initiated coverage on the counter, offering a rather cautious note.

The brokerage firm has initiated coverage with a ‘reduce’ rating while setting a price target of Rs 210, which suggests a potential downside of almost 13%.

Five Stocks To Buy: Coforge, TCS, Ramky Infrastructure, Punjab National Bank, BSE

NDTV Profit curated these five stocks from recommendation of various brokerages for Wednesday’s session. Analysts chose stocks from information technology, infrastructure, financial, and broking spaces for Wednesday’s session.

The NSE Nifty 50 and BSE Sensex are expected to extend gains as indicated by the GIFT Nifty. The futrue contract of GIFT Nifty was trading 0.27% or 70.50 points higher at 26,142 as of 7:54 a.m.

Find the recommended stocks for Thursday’s trade here.

Nvidia’s Upbeat Forecast Soothes Fears Of AI Spending Bubble

Nvidia Corp. delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector.

Sales will be about $65 billion in the January quarter, the chipmaker said in a statement on Wednesday. Analysts had estimated $62 billion on average, according to data compiled by Bloomberg.

Read the full Bloomberg article here.

LIVE: GIFT Nifty Hints At Positive Open; NBCC, Max Healthcare, Infosys, TCS In Focus

The GIFT Nifty was trading 0.31% or 81 points higher at 26,152 as of 6:51 a.m., which implied a higher open for the benchmark index NSE Nifty 50.

Fears of artificial-intelligence bubble subdued following robust earnings report from Nvidia Corp. Hence, IT stocks will likely gain in Thursday’s session.

Apart from IT stocks, NBCC (India) Ltd., Max Healthcare Institute Ltd., NTPC Green Energy Ltd., Varun Beverages Ltd., Bharat Petroleum Corp Ltd. shares will likely be in focus.

The Nifty 50 closed up 142.60 points or 0.55% higher at 26,052.65, while the Sensex advanced 513.45 points or 0.61% to 85,186.47.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 and BSE Sensex were trading 0.21% and 0.22% higher, respectively as of 9:16 a.m. Follow NDTV Profit’s for tracking live update on share price movements, stock market news.  Read MoreMarkets, Notifications ​NDTV Profit