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Live: Banking stocks fuel Nifty above 24,500; Uncertainty persists on US-Iran talks | Closing Bell
Indian markets ended lower, dragged by weakness in IT stocks. The BSE Sensex slipped over 650 points, while the Nifty 50 fell below 24,450. HCL Technologies led the decline, logging its sharpest fall in 11 years after weak guidance, pulling down peers like Infosys and TCS. Despite the headline fall, market breadth remained positive with broader markets outperforming, as smallcaps extended gains for a second straight session. Financials were under pressure, with ICICI Bank and HDFC Bank slipping. On the upside, stocks like Tata Consumer Products, NTPC and Hindustan Unilever emerged as key gainers.
Nifty recovers 200 points from intra-day lows; IT continues outperformance | Closing Bell
Indian equities erased all the intraday losses with Nifty back above 23,500. TCS, Infosys, HCL Tech, Tech Mahindra, Trent are among top gainers on the Nifty, while losers are NTPC, Power Grid Corp, Cipla, Dr Reddy's Labs and L&T. Among sectors IT index up 4%, while auto, metal, Consumer Durables, realty up 0.5% each. However, pharma, healthcare, power, media, energy down 0.5-1%. Nifty Midcap and Smallcap indices down marginally. Catch Lovish Darad in conversation with Market Experts.
Buy Mphasis; target of Rs 3100: Motilal Oswal
Motilal Oswal is bullish on Mphasis recommended buy rating on the stock with a target price of Rs 3100 in its research report dated May 31, 2026.
Closing Bell: Sensex crashes 1,123 pts, Nifty below 24,500 as US-Iran tensions intensify
Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%. Nifty Midcap and smallcap indices down 2% each. Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel were among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra.
Neutral Tata Communications; target of Rs 1720: Motilal Oswal
Motilal Oswal recommended Neutral rating on Tata Communications with a target price of Rs 1720 in its research report dated April 22, 2026.
Buy Tech Mahindra; target of Rs 1750: Motilal Oswal
Motilal Oswal is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1750 in its research report dated April 22, 2026.
Buy Coforge; target of Rs 1900: Motilal Oswal
Motilal Oswal is bullish on Coforge recommended buy rating on the stock with a target price of Rs 1900 in its research report dated Jun 17, 2026.
Buy Zensar; target of Rs 640: Motilal Oswal
Motilal Oswal is bullish on Zensar recommended buy rating on the stock with a target price of Rs 640 in its research report dated May 26, 2026.
Buy Fujiyama Power Systems; target of Rs 340: Motilal Oswal
Motilal Oswal is bullish on Fujiyama Power Systems recommended buy rating on the stock with a target price of Rs 340 in its research report dated April 23, 2026.
Buy Tata Consumer Products; target of Rs 1450: Motilal Oswal
Motilal Oswal is bullish on Tata Consumer Products recommended buy rating on the stock with a target price of Rs 1450 in its research report dated May 10, 2026.
Buy Mphasis; target of Rs 3100: Motilal Oswal
Motilal Oswal is bullish on Mphasis has recommended buy rating on the stock with a target price of Rs 3100 in its research report dated April 30, 2026.
Buy Tata Steel; target of Rs 250: Motilal Oswal
Motilal Oswal is bullish on Tata Steel recommended buy rating on the stock with a target price of Rs 250 in its research report dated May 17, 2026.