Sensex opens at 72,220.57, conveniently around 21900; Dependency industries in the green
At 9:27 am, the Nifty Midcap100 index was down 0.49 percent and the Smallcap100 index was down 0.74 percent.
BSE Sensex opened at 72,220.57 today against the previous close of 72,304.88. The Nifty50 index opened in the red with a small decline of around 15 points at 21935.20. The 50-stock index was set at 21951.15.
On Wednesday, Sensex closed in the red at 72,304.88, down 829.52 points. The Nifty50 index fell 271.10 points to settle at 21,927.25. The index also reached its lowest intraday level of 72,222.29.
At 9:27 am, the Nifty Midcap100 index was down 0.49 percent and the Smallcap100 index was down 0.74 percent.
Nifty Bank, which contains data on 12 banking stocks, was trading 624.90 percentage points lower at 45,963.15. Followed by oil and gas with 2.21 percent.
Shriram Finance shares are gaining over 2% after the NSE announced that the company will replace UPL in the Nifty50 index.
ITC stock price target 2024:
Goldman Sachs maintained a buy rating but cut the price to Rs 480 from Rs 490.
SBI price target 2024:
Kotak Institutional Equities maintained a buy rating but raised the price target to Rs 850 from Rs 760.
RBL Bank price target 2024:
Axis Capital maintained an ‘Add rating’ with a target price of Rs 280.
IndusInd Bank price target 2024:
Macquarie maintained an ‘Outperform rating’ with a target price of Rs 1,900.
(Disclaimer: The above article is for informational purposes only and should not be considered investment advice.)