Stock Market Live: UBS Global Research On BEL 

  • Upgrade to Buy from Neutral; Hike TP to Rs 450 from Rs 320

  • Improving competitive edge and growth

  • Significant growth opportunities

  • Believe the long-term pipeline with a faster translation to revenue is underappreciated by the market

  • Prefer BEL over HAL based on better expected earnings growth and a sharper ramp of the order book over the next three years

Stock Market Live: Macquarie On TCS

  • Maintain Outperform; Cut TP to Rs 4,640 from Rs 4,770

  • Margin improvement back to 26% likely by Q4FY26

  • Reiterate that TCS has good margin upside from utilisation

  • TCS to be more competitive in deals as margin pressure eases

  • Downside protection from FY26E dividend yield of ~4.1%

  • TCS remains a Macquarie Marquee buy idea

Asia Market Update: Share Indices Rise 

Asia-Pacific markets were trading higher early morning Friday as investors inflation data from Japan, and producer price data from the South Korea. The Nikkei 225 and KOSPI were trading 0.75% and 0.02% higher as of 7:47 a.m.

US Market Update: End Mixed As Trump’s Tax-Cut Bill Gets Nod From House of Representative 

US share indices ended on a mixed note Thursday as investors try to guess the impact of the tax-cut bill on high debt levels which got a nod from the US House of Representatives. The yield on the 30-year US treasury note fell from levels last seen in 2007, as reported by Bloomberg.

On Thursday, Dow Jones Industrial Average flat at 41,859.09, and S&P 500 fell 0.04% at 5,842.01. The Nasdaq Composite rose 0.28% at 18,925.73.

GIFT Nifty Indicates Higher Open; ITC, Sun Pharma, Trent Share Prices In Focus

The GIFT Nifty was trading 0.16% or 39.50 points higher at 24,694.50 as of 6:51 a.m., which implied the benchmark Nifty 50 will likely open higher.

Investors may monitor Sun Pharmaceutical Industries Ltd., ITC Ltd., Power Mech Projects Ltd., Grasim Industries Ltd. shares as these companies released their fourth quarter results on Thursday post market hours. Apart from these stocks, traders may keep an eye on Trent Ltd. and Bharat Electronics as they will be added to the benchmark BSE Sensex index.

The benchmark equity indices closed lower on Thursday after a day’s respite amid volatility in the domestic stock markets.

The NSE Nifty 50 closed 203.75 points, or 0.82% lower at 24,609.7 and the BSE Sensex ended 644.44 points, or 0.79% lower at 80.951.99.

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