Thursday, January 09, 2025 | 11:55 AM ISTEN Hindi

MARKET WRAP: Sensex tanks over 450 pts amid global sell-off; metals tumble

All that happened in the markets today

SI Reporter New Delhi

Image: iSTOCK

9:02 AM

Market at Pre-open

9:02 AM

Market at Pre-open

9:01 AM

Rupee opening

Rupee opens lower at 71.51/$ vs Friday's close of 71.32 against the US dollar

9:00 AM

Nifty outlook and top stock picks by CapitalVia: Buy Vedanta, HUL

Buy: Hindustan Unilever Limited (Above Rs 2,080)

Target: Rs 2,150

Stop loss: Rs 2,034

Stock is trading above major resistance level in daily charts, stock is forming a bullish flag pattern and from the levels of 2,075 will lead to a bullish movement. We recommend buying the stock at 2,080 for the target of Rs 2,150, keeping a stop loss at Rs 2,034 on closing basis. READ MORE

8:57 AM

Stock calls by Sameet Chavan of Angel Broking: Buy Equitas Holdings

Stock recommendation:

PURVANKARA

View – Bullish

Last Close – Rs. 68.30

The tide seems to have turned upwards for the entire real estate space as we saw stellar gravity defying moves in larger name, DLF over the past three months. ‘PURVANKARA’ being one of the smaller as compared to its peers, is yet to have similar sort of traction. But now the recent price action looks encouraging and on Friday, the stock prices finally managed to traverse its sturdy wall of ‘200-SMA’ on daily chart. The volume has risen substantially and therefore, provides credence to the move. Thus, we recommend buying this stock on a minor decline for a target of Rs.73.50 over the next days. The stop loss should be fixed at Rs.64.80. READ MORE

8:55 AM

Nifty view & stock recommendations by Prabhudas Lilladher

NIFTY VIEW

Nifty recovered however the weekly trend turns down after 6 weeks; BankNifty has its weekly trend down since 3 weeks. The weightage of Nifty50 stocks is more tilted on the negative side with 69 per cent on the sell mode. This week being the pre-budget would bring in lot of movement in stocks. The support for the week is seen at 40,950/12,030 while resistance is seen at 42,260/12,460. Bank Nifty would have a range of 30,580-31,880. Almost all sectors are back in momentum along with mid-cap. Larsen along with BHEL looks positive for a technical bounce back. Nestle, Britannia, HUL, etc have already started with its up move. READ MORE

8:51 AM