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stocks rallied as much as 15% in Mumbai trading on Friday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the red amid brisk selling in frontline bluechip counters. Stocks that surged in excess of 15% included, Nakoda Group Of Ind(PP)(19.94%), Narayani Steels(19.92%), Religare(18.96%), IKIO Lighting(18.82%), Envair Electro(17.96%), ETT Ltd(16.51%) and Saboo Sodium(15.08%).

«If you look at the market breadth again this is a good indicator, sentimental indicator to understand how the things pan out going forward. The percentage of total 200-day moving average of total CNX 500 is currently around 12% to 13%,» says Dharmesh Shah, ICICI Direct. This is the fourth consecutive session where we are pretty range bound on Nifty. In fact, today we even broke down below the psychological support levels of 22,800. Tell us from here on what are the levels that you are watching out for, for next week? Dharmesh Shah: Yes, definitely, if you look at the market for last five to six trading sessions, we have been trading this range of 23,000 to 22,800. So, almost 200 to 300 points trading range has been.

«Maybe whatever the fall is left, the panic fall, capitulation fall, whatever you want to name it as, I think that could possibly get arrested in a sooner period of time and should that be, then the market will have the signs of recovery,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. It is not a vicious selling, it is not ferocious, but it is painful. When will the tide turn because the news flow is not bad, but the technicals are looking very bad. Deven Choksey: 22,800 Nifty has been tested twice and right now also it is coming under attack. So, certainly, technically you are right, absolutely, the market is showing the signs of weakness. And the minds are in the capitulation state. If not, the transactions. So, at least that situation is also definitely working against the overall mood and the sentiment of the market.

state-owned mini ratna NHPC Ltd have rallied 10% in 2 days to hit a high of Rs 82.13 on the BSE after the global brokerage firm CLSA upgraded the stock to ‘High Conviction Outperform’ from an earlier ‘Outperform’. However, the stock’s target price was slightly reduced to Rs 117, from Rs 120 previously.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Today Live Updates: The NIFTY Metal at (1.14%), NIFTY Realty at (1.08%) & NIFTY Smallcap 250 at (0.99%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Auto at (-0.38%), NIFTY IT at (-0.38%), NIFTY FMCG at (-0.21%) are currently the low performing sectors Nifty 50 Today Live Updates: The Nifty 50 opened at 22857.20 (-0.24%) , -55.95 points lower than the previous closing.

NSE SME platform today and the GMP trends are not inspiring. The shares have no premium in the grey market as was the case with many IPOs seen in the recent past.

The muted GMP is in line with the trend seen in IPOs in the recent past, where many companies are struggling to find enough premium in the grey market.

Stocks that were in focus include names like Just Dial, which rose 6.18% and Adani Enterprises, which declined 0.1% and JBM Auto, whose shares fell 6.2% on Thursday.

Vedanta's proposed demerger plan of the unified business into separately listed verticals has received approval from its equity shareholders, and secured and unsecured creditors, the company said Thursday. This will allow the mining conglomerate to list its businesses — aluminum, oil & gas, power, steel — as separate units. At present, these businesses are subsumed within Vedanta, while Hindustan Zinc, which includes revenue streams from white metals zinc and silver, is listed separately. After the Merger, Vedanta will hold the Hindustan Zinc business.

This announcement for the VRR to be conducted at noon Friday comes on the day RBI received four times more bids under the bond purchase programme — or the open market operations (OMO) — the last among a host of liquidity infusion measures announced on January 27.

Analysts expect Nifty to consolidate near its current levels in the absence of any fresh triggers, as it can be seen holding above 22,800-22,900 levels since the past seven trading sessions supported by buying at lower levels.

Subscribe to enjoy similar stories. The Indian stock market experienced a challenging start on Thursday, with most indices opening lower amid concerns about potential US tariffs. Despite this, the metals index managed to stay in positive territory.

fraudulent intervention by any person, a senior Sebi official said on Thursday. «As a regulator we often come across cases of investors who have been conned by frauds in the market, who claim that they have invested their monies on behalf of the investor but those funds have just been siphoned off,» Sebi chief Madhabi Puri Buch said at the launch of unified investor apps by depositories NSDL and CDSL.

Gold prices hit a fresh high of Rs 89,450 per 10 grams in the national capital on Thursday, advancing Rs 50 amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 89,400 per 10 grams on Wednesday. Gold of 99.5 per cent purity went up Rs 50 to establish a record of Rs 89,050 per 10 grams.

marriage season and revival in government infrastructure projects, for boost in sales, especially for the two-wheelers and entry-level cars, says a report by InCred Research.

«The capital market leaders will continue to do well, but this 25-30% type compounding in AUMs it is a cycle, so when the markets will correct people will go back to banks and maybe two-three years later they will come back to capital market stocks and so on,» says Manish Chokhani, Director, Enam Holdings. So, one is banks and financials, but the bigger question that everyone is now also pondering about is what to avoid, when the market does come out of this abyss are you going to see newer sectors emerge as leaders and what will continue to remain under performers? Manish Chokhani: Actually if you look out two years from now, I do not think people have realised, for example ICICI Bank will cross the earnings number of Infosys.

Even with a downward revision in FY25 GDP projections and low capex spending in the first half of the year, infra, defence, and PSU themes remain relevant investment opportunities, says Nikhil Rungta, Co-CIO Equity at LIC Mutual Fund Asset Management. PSUs, particularly in sectors like railways, power, and defense, may continue to see earnings visibility and improving efficiency, he opines. Excerpts: Net equity inflows in January were strong despite negative sentiments though down on a MoM basis. Do you think there is an attitudinal shift in the way people are now approaching equity investments in a sense that they want to remain invested even if it is small, come what may? Yes, there is a clear attitudinal shift in the way investors are approaching equity investments. Despite market volatility and occasional negative sentiment, investors are demonstrating resilience by continuing their investments, even if in smaller amounts. This is largely driven by the increasing financialisation of savings, with a growing preference for equities over traditional asset classes.

Benchmark NSE Nifty index fell 48.06 points to 22884.85 amid selling in frontline bluechip stocks.

Infosys Ltd.(up 0.78 per cent), L&T Technology Services Ltd.(up 0.65 per cent), MphasiS Ltd.(up 0.27 per cent) and Persistent Systems Ltd.(up 0.02 per cent) were among the top gainers.

Domestic benchmark index NSE Nifty fell 47.31 points to 22885.6, while the BSE Sensex traded 235.62 points down at 75703.56.