On 24th June, the BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45 per cent decline. Meanwhile, the NSE Nifty 50 dropped by 99.75 points to 23,401.35, marking a 0.42 percent decrease.
The initial hours of trading indicated a bearish sentiment, driven by broader market concerns amidst global economic uncertainty.
Among the Nifty 50 companies, only 4 stocks advanced while 42 declined, showcasing weak market breadth. The top gainers included Sun Pharma, Wipro, ITC, ICICI Bank, and Apollo Hospitals.
Brokerage Prabhudas Lilladher’s technical pick is LatentView share for 60 days. The brokerage gave target price at Rs 600 and the stop loss at Rs 490.
Axis Direct has given buy rating IEX shares for 30 days with the target price of Rs 200 and a stop loss of Rs 173.
Morgan Stanley has given an overweight rating on IGL shares with a target price of Rs 575 per share
Morgan Stanley maintained an overweight rating on Zomato with a share price target of Rs 235 per share.
Axis Direct has recommended buying IRB Infrastructure for 30 days. A target of Rs 72 and a stop loss of Rs 62 has been given by the brokerage.
Morgan Stanley has maintained an overweight on IGL with a target of Rs 575 per share.
Morgan Stanley has retained an overweight rating on Zomato with a target of Rs 235 per share.
Goldman Sachs has given a buy call. The brokerage has placed the target to Rs 1,970.
Jefferies has maintained a hold call on Havells with a target price of Rs 1,800.
(With inputs from ANI)
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
