Technical analysis News

Auto stocks gained in a subdued market as Maruti Suzuki and Hyundai reported record Navratri sales.

Share price recovered after the company confirmed an internal replacement. Technicals remain strong with an upside potential till ₹7,800 in the near term

Analyst cautions that while short-term indicators are positive, broader charts signal sideways to bearish trends.

Promoter Jusmiral Holdings reportedly offloaded close to 34.1 million shares for around $350 million through block deals

An analyst said that a breakout above ₹410 - ₹412 could trigger a strong upward move for Railtel.

MTAR Technologies, Garden Reach Shipbuilders & Engineers (GRSE), Astra Microwave Products, BEML, and Bharat Dynamics (+5.8%) were the top 5 gainers on the defense index.

Board approved a record ₹18,000 crore share buyback at ₹1,800 per share, offering a 19.2% premium to Thursday’s close. The IT major also inked a decade-long partnership with HanesBrands.

Analyst says technical indicators point to more upside if the stock sustains above key levels.

EU’s approval of additional Indian fishery units is expected to lift seafood exports by nearly 20%, offering a cushion against US tariffs.

SMBC has received approvals to acquire nearly 25% of Yes Bank. The analyst highlights bearish signals if key support levels fail to hold.

Railtel received multiple orders amounting to ₹700 crore. Analyst cautions that the stock faces resistance at ₹374–₹378 before any further rally.

On a weekly timeframe, the Nifty 50 gained 1.2%, its third hike in four weeks.

Patel expects Britannia’s strong distribution network, brand equity, and innovation pipeline will allow it to gain market share from regional and unorganized players who may struggle to keep pace

The GST Council exempted life and health policies from tax. Analysts say traditional insurers and standalone health players stand to gain most.

The platform fee hike is expected to support margins, which hurt Eternal’s Q1 earnings

Morgan Stanley maintained its “overweight” rating on Reliance and raised the 12-month price target to ₹1,701

The stock has already surged 90% so far this year

Auto stocks were among the biggest laggards on the Nifty 50 index, led by declines in Mahindra & Mahindra, Bajaj Auto, and Tata Motors

FIIs sold over ₹3,800 crore worth of equities, while their F&O positioning remained largely unchanged after expiry, reflecting a cautious stance on Indian markets, an analyst said

A breakdown below ₹265 could potentially lead to a drop to ₹247, the analyst said

Strong earnings pockets may also offer support, an analyst said

Except for FMCG, all sectors closed in the red, with sharp losses in real estate, pharmaceuticals, metals, and banking stocks.

BofA Securities reportedly downgraded Sun Pharma’s stock to ‘underperform’ from ‘neutral’ and slashed its target price to ₹1,570 from ₹1,730

The company bagged a ₹1,160-crore work order from UIDAI post market hours on Tuesday

Textile stocks were also under pressure as Trump’s 50% tariffs on Indian exports kick in from Wednesday

Infosys Wipro, and TCS Surge over 3% each

SBI, along with private lending giants including Axis Bank and ICICI Bank, are set to dispose Yes Bank stake

A breach below 24,800 could lead to further downside, an analyst noted

SEBI is set to soon release a consultation paper on reforms to make derivatives more efficient and transparent

With PM Modi announcing the introduction of the first made-in-India semiconductor chips later this year, an analyst flags HCL Tech and CG Power as potential winners.

The board approved investments of around ₹306 crore in wholly-owned subsidiaries

The software services firm is set to acquire a 75% stake in Telstra unit Versent Group for A$233 million.

Profit plunged 93.7%, weighed down by weak sentiment in the ethanol market

The projects are spread across multiple sites in Western India.

HAL is likely to post a quarterly net profit of ₹1,204.9 crore and revenue of ₹4,996.1 crore, according to Bloomberg estimates

Retail sentiment on Stocktwits turned ‘neutral’ ahead of the results. It was ‘bearish’ a day earlier.

While key support lies in the ₹948 - ₹1,013 zone, a breakdown could lead to the stock dropping to ₹948

The stock hit a three-week high. Analysts point to strong chart patterns, suggesting more upside.

Focus remains on loan growth, NIM, and slippage trends. Long-term investors should look at buying the dips, an analyst said.

Technical charts signal a medium-term correction, though long-term support remains firm, the analyst noted.

Bajaj Motors came off the biggest winner, but TVS was not far behind. Hero’s EV segment trails peers, the analyst noted.

According to reports, the hike will be effective from September 1, and will cover nearly 80% of TCS’s workforce.

Board approved fundraising of up to ₹2,000 crore to optimize debt

India's latest ₹67,000 crore defense spending strengthens the case for PSU stocks. The analyst sees breakout potential in these three stocks.

JSW Energy also announced the commissioning of a second 80 MW unit of its 240 MW Kutehr Hydroelectric Power Plant

Indian and African operations drove positive Q1 performance, ARPU increased to ₹250 from ₹211 last year

CoinPayments integrates the XRP Ledger so merchants worldwide can replace card and wire fees with three-second, sub-cent XRP settlements.

Key support levels lie between ₹1,880 - ₹1,900 and then at ₹1,720 - ₹1,750, according to the analyst

The appointment comes 3 months after former CEO Sumant Kathpalia stepped down in April, over a ₹1,960-crore loss linked to derivatives trading.

Analyst notes bullish sentiment driven by Tata Capital IPO excitement. It was the top trending stock on Stocktwits as of 1:30 pm