Saturday, January 04, 2025 | 03:30 AM ISTEN Hindi

MARKET WRAP: Sensex up 371 pts as financials surge; IndusInd Bank zooms 17%

All that happened in the markets today

SI Reporter New Delhi

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (

On the NSE, the benchmark Nifty ended at 9,380.90, up 99 points or 1 per cent.

9:18 AM

Top gainers and losers on S&P BSE Sensex at open

9:17 AM

Opening Bell | Nifty50 tops 9,350-mark

9:16 AM

Opening Bell | Sensex surges 400 pts

9:05 AM

Top gainers and losers on S&P BSE Sensex at Pre-open

9:04 AM

Market at Pre-open

9:03 AM

Market at Pre-open

9:02 AM

BROKERAGE VIEW :: CLSA on IndusInd Bank

Mantains buy; target price raised to Rs 610 from Rs 595

>>Operationally better quarter

>> Asset qaulity weakened but coverage improved

>> Expect rebound from FY22

>> Lower credit costs for FY21-22 by 20 bps

8:58 AM

BROKERAGE VIEW :: CREDIT SUISSE on IndusInd Bank

Maintains underperform; target price at Rs 430

>> Observes, pre-provision profit came better than expected

>> Loan growth has slowed sharply

>> Profit declined 77% as slippages remain elevated, especially from large corporate accounts

>> Expect FY21 growth to be sub 10%

8:55 AM

BROKERAGE VIEW :: CLSA on Ambuja Cements

Maintains outperforms; target price raised to Rs 194 from Rs 173

>> Reported strong Q1CY20 results

>> Going forward, cost control should partly cushion weak volume

8:51 AM

Stocks to watch: RIL, IndusInd Bk, Axis Bank, HDFC Life, oil-linked stocks

RIL: Reliance Industries (RIL) said on Monday that its board would consider a proposal to issue equity shares to existing shareholders on a rights basis, during its board meeting on Thursday. The company will also announce its March quarter results on Thursday.

Oil-linked stocks are expected to trade actively today as oil prices fell on Tuesday, adding to huge declines in the previous session, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased. READ MORE

8:47 AM

Stock ideas from Anand Rathi's Nilesh Jain

BUY APOLLOHOSP | TARGET: 1,460 | STOP LOSS: 1,380

The stock has formed a morning star candlestick pattern on the daily chart which is considered as a bullish reversal pattern. The stock has also provided breakout on the higher side from a pennant pattern on the daily chart which indicates positive momentum to continue in the short term. Momentum oscillator, MACD, is very well in buy mode on daily as well as well as hourly scale. READ MORE