Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. While BSE Sensex was down over 300 points, Nifty50 was below 22,900.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red in trade on Wednesday. While BSE Sensex went below 75,600, Nifty50 was near 22,800.
Stock market recommendations: Mehul Kothari of Anand Rathi Shares and Stock Brokers recommends buying ONGC, Tata Motors, and Sundaram Finance stocks today. ONGC is suggested for an upside to ₹248, Tata Motors to ₹755, and Sundaram Finance to ₹5200, with specific stop-loss levels advised for each stock.
Tata Group invests Rs 500 crore in Breach Candy Hospital, becoming its largest financial backer and gaining board representation. N Chandrasekaran will replace Deepak Parekh as chairman from October 2025. The investment will enhance the hospital’s infrastructure and technology. This marks Tata Group’s third healthcare project in Mumbai, aligning with other conglomerates’ healthcare initiatives.
Vedanta has secured creditor approval for its demerger, surpassing the required 75% support with 83%. This restructuring will divide the company into five separate businesses, enhancing individual business value and attracting investors, particularly in newer sectors like semiconductors.
The unemployment rate among individuals aged 15 and above in urban areas remained stable at 6.4% for the Oct-Dec 2024 quarter compared to the previous quarter but decreased slightly from 6.5% in the same period last year. The labour force participation rate rose to 50.4% during this period.
