New Delhi: Indian equity markets witnessed strong gains on Thursday, with both major indices closing higher amid buying in select blue-chip stocks and optimism following the Economic Survey 2025-26, which projected 6.8–7.2% growth for the next fiscal year.
Market Summary
- BSE Sensex rose 221.69 points (0.27%) to close at 82,566.37, after hitting an intraday low of 81,707.94.
- NSE Nifty 50 gained 76.15 points (0.30%), finishing at 25,418.90, recovering from a morning low of 25,159.80.
Top gainers included Tata Steel, which surged 4.41%, and Larsen & Toubro (L&T), up 3.66%. Other notable performers were Axis Bank, NTPC, Adani Ports, and ICICI Bank.
On the flip side, shares of Asian Paints, InterGlobe Aviation (IndiGo), Maruti Suzuki, and Bharat Electronics witnessed declines.
Stocks Showing Strong Buying
Several stocks have shown robust buying interest, breaking their 52-week highs, signaling potential further gains. Key picks include:
- Hindustan Copper
- Gujarat Mineral Development Corp
- GE Vernova T&D India
- ABB India
- MRPL
- Gland Pharma
- eClerx Services
These stocks are attracting investor attention and may continue their upward momentum in the near term.
Stocks Showing Bearish Signals
Technical indicators such as MACD (Moving Average Convergence Divergence) point to weakness in certain shares, suggesting a potential downward trend. Stocks showing bearish signals include:
- Asian Paints
- InterGlobe Aviation
- Maruti Suzuki
- Mahindra & Mahindra
- TCS
- Sun Pharma
- HUL
Investors are advised to monitor these stocks closely, as further declines may be expected in the short term.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.