Today, April 26th, 2024, the benchmark Nifty 50 index is trading at 22,438.40, down 0.57%, 132.20 points, while the BSE Sensex has shed 0.61%, 531.90 points to trade at 73,837.71. Both indices have witnessed a consolidation phase, trading within a narrow range amid a lack of fresh triggers. However, market analysts remain optimistic about the indices’ upward trajectory, with the Nifty 50 potentially testing its all-time high of 22,776 in the coming sessions.

Some of the most prominent stocks have shown mixed market sentiments, with some gaining well today and some dropping due to major fundamentals. To start with, is:

ICICI Bank

ICICI Bank has faced a major technical glitch, with over 17,000 credit cards being mapped to other users in the bank’s mobile app. Customers could see credit card numbers, expiration dates, CVVs, and other sensitive information about unrelated accounts. The bank has urged its customers to take necessary precautions and hopes that the Reserve Bank of India will take note of this incident. ICICI Bank’s shares at the time of writing are trading at Rs 1,105.05, down 0.78% so far today, with a 52-week trading range of Rs 899.00 – Rs 1,125.65.

HDFC Bank

On April 20th, HDFC Bank reported a stellar performance for the fourth quarter of the fiscal year 2023-24 (Q4FY24). The bank’s standalone net profit soared 37% year-on-year to Rs 16,511 crore, marginally higher than the preceding quarter’s Rs 16,373 crore. However, HDFC Bank has signaled a period of slower growth to align its margins and key ratios closer to pre-merger levels. The bank’s gross non-performing assets ratio stood at 1.24% at the end of March, compared to 1.26% three months earlier. HDFC Bank shares today trade at Rs 1,507.50, down 0.22%, with a 52-week trading range of Rs 1,363.55 – Rs 1,757.50.

Indian Railway Finance Corp Ltd (IRFC)

IRFC, the top NBFC railway stock, has surged 5.22% to trade at Rs 158.10 as of this writing. IRFC’s 52-week trading range stands at Rs 29.90 to Rs 192.80 showing a very volatile market. Today so far, the stock has recorded a low of Rs149.60 and a high of 159.00.
The market has recently broken out of an ascending wedge pattern and  market analysts have advised investors to buy IRFC shares, with short-to-long-term target prices set for the stock.

(IRFC Stock)

REC Limited

REC Limited, another prominent player in the financial sector, has gained 1.94% to trade at Rs 460.00. The stock has traded within a range of Rs 452.30 – Rs 461.75 so far today and has a 52-week trading range of Rs 124.35 – Rs 524.00. REC Ltd boasts a market cap of Rs 1.21 trillion, an average trading volume of 11 million shares, a P/E ratio of 0ver 9 and a dividend yield of 3.34%.

Infosys Ltd

To close with is the IT leader, which has witnessed a marginal decline of 0.35% to trade at Rs 1,433.45. The stock has traded within a range of Rs 1,431.10 – Rs 1,445.40 so far today. Notably on April 19th,  the company was awarded a software contract for the “Fit” note assessment centers, barring general practitioners from the process.