On todays trading session, the Indian stock market remains active with Nifty 50 at 24,579.40, up by 0.16% and Sensex slightly higher at 80,493.02 gaining 0.07% as of writing. Nifty Bank also sees a slight increase currently at 50,527.45 or up by 0.021%.
Hindalco Industries Limited (HINDALCO) is leading the gains, with its share price currently at Rs 653.00 reflecting a 2.97% increase from the previous close of Rs 634.15. The stock has recently bounced back from a horizontal support level, indicating strong buying interest. The technical analysis shows a bullish outlook, with the next target set at Rs 715. Watch for any resistance near this level, as it may signal a potential pullback or consolidation.
Bharat Petroleum Corporation Limited also shows a bullish trend, trading at Rs 339.75, up by 2.18% from the previous close of Rs 332.50. BPCL’s price is moving within an ascending channel, suggesting a continuation of the upward momentum. The next target is around Rs 350, where the channel resistance lies. However, if the price faces rejection at this level, it could drop back towards the channel support, offering a potential buying opportunity.
Larsen & Toubro Infotech Limited (LTIM) continues its upward trajectory, currently priced at Rs 5,685.00, marking a 2.18% gain from its previous close of Rs 5,563.75. The stock is trading towards a gap above, which may soon be filled as it attempts to create a new high past Rs 6,442. The technical indicators suggest that if the gap is filled, the stock may experience a strong rally, making it a stock to watch for potential breakout opportunities.
Oil and Natural Gas Corporation Limited (ONGC) is trading at Rs 335.20, up by 1.70% from its previous close of Rs 329.60. The stock remains bullish, with the next target set at Rs 355, which is the recent high. Technical analysis indicates that ONGC has support at an ascending trendline, providing a cushion in case of any price drop. Investors should monitor this level closely, as a break below it could signal a trend reversal.
Shriram Finance Limited is also among the top gainers, with its share price at Rs 3,032.00, up by 1.69% from the previous close of Rs 2,981.50. The stock shows a positive trend, with potential resistance levels ahead that may influence its future performance.
Dr. Reddy’s Laboratories Limited records a notable gain, trading at Rs 6,899.45, up by 1.56% from the previous close of Rs 6,793.60. The stock is advancing towards its next potential targets as investors keep an eye on its earnings and performance metrics.
Source: NSEIndia
Tata Steel Limited sees a 1.34% increase, with its current price at Rs 151.52, rising from the previous close of Rs 149.52.
Reliance Industries Limited) is trading at Rs 2,982.30, showing a 1.22% gain from the previous close of Rs 2,956.40.
NTPC Limited is up by 1.16%, currently priced at Rs 402.65 from the previous close of Rs 398.05.
Coal India Limited rounds off the top gainers with a 1.00% rise, currently trading at Rs 517.40, up from Rs 512.30. The stock is stable with a positive outlook for further gains.
Today’s market performance highlights strong bullish sentiments across these key stocks, with Hindalco Industries Limited and Bharat Petroleum Corporation Limited leading the gains. Investors are closely watching the market, especially during this holiday session, to gauge potential movements in the coming days.
