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Nifty tops key 23,500 hurdle, can head to 24,500 on buying interest: Analysts
Nifty's strong breakout above 23,500 has turned technical analysts bullish, anticipating a move towards 24,000-24,500. Analysts highlight improving momentum, bullish patterns, and sustained buying interest, with 23,100-23,300 acting as crucial support. Specific stock recommendations include Bank of India, BPCL, HDFC Bank, UltraTech Cement, and KEI Industries.
Trading guide: Nifty eyes 24,750; AB Capital, SBI, LIC HFL on analyst radar
Stocks to buy: Ajit Mishra of Religare Broking recommends buying the shares of Aditya Birla Capital, LIC Housing Finance, and SBI today
Earnings Boom: 10 stocks with over 100% profit growth in Q4FY26
Several Nifty 500 companies reported over 100% year-on-year net profit growth in Q4FY26, reflecting strong earnings momentum. Firms like Eternal, India Cements, Kajaria Ceramics, and Chennai Petroleum led gains, showcasing improved profitability across sectors including finance, banking, and manufacturing.
Market Trading Guide: Buy Ramco Systems, Natco Pharma and 2 more stocks on Wednesday for gains up to 14%
Nifty extended gains for a fourth session, confirming a breakout and positive near-term trend above key moving averages. Analysts highlight resistance at 23,200 and volatility risks from Middle East tensions, while recommending four stocks showing bullish patterns, momentum strength, and upside potential in coming weeks.
Momentum Stocks: TCS, RVNL eClerx Services, SBI Cards hit 52-week low
TCS, Rail Vikas Nigam, Dalmia Bharat, eClerx Services, SBI Cards, Blue Dart, Reliance Industries, Emami, GlaxoSmithKline, EID Parry touched 52-week low.