Stock Market Highlights: Sensex, Nifty 50 ends little changed following a rangebound session, financials underperform

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Financials Underperform With Nifty Bank Closing In The Red

Sensex Gains 16 Points To 81,526 & Nifty 32 Points To 24,642

Midcap Index Rises 158 Points To 59,293 While Nifty Bank Falls 186 Pts To 53,391

IT Stocks Move Sharply Higher In The last Hour, Index Ends At Day’s High

Shriram Fin & Bajaj Finance Top Nifty Gainers, Stocks Rise Up To 3%

Railway Stocks Recover From Lows, IRFC, IRCON, RilTel, RVNL Gain Up To 5%

Greaves Cotton Extends Gains, Stock Ends Nearly 6% Off Lows

Swiggy Closes With A Cut Of 4% As Lock-in Period Ends

Delta Corp Surges 6% Tracking Chief Eco Adviser’s Commentary

PNC Infra Moves 15% Higher After Co Bags A HAM Project Worth `738 Cr

Awfis Ends 10% Higher After Equity Worth 12% Changes Hands In Block Deal Window

Aurionpro Solutions Bags Order In Saudi Arabia, Stock Jumps 8%

Avenue Supermarts Falls 3% After GS Cuts Target Price On The Stock

Market Breadth Remains In Favour Of Advances, Adv-Decline Ratio At 1:1

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Brokerage firm Antique Stock Broking is bullish on all three state-run downstream oil refiners, Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation (IOC) Ltd. as it believes that these oil marketing companies are in a “sweet spot.”

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Soni Patnaik, JM Financial Services, says, “On monthly charts, the EPL stock is looking quite constructive. One can actually trail this stop loss, so maybe book a partial profit around current levels. But ₹250-260 range has multiple support. And month and month basis, the stock has a potential to test ₹320 plus levels. So the advice would be to continue withholding the stock. One may book partial profits. However, we feel that it can test towards ₹320 plus levels. I think that’s the level one can actually look out for booking profits.”

From Zee Entertainment to BHEL and Nifty names like Axis Bank and Maruti, here are JM Financial’s top stock picks for 2025.

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Brokerage firm Antique Stock Broking is bullish on all three state-run downstream oil refiners, Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation (IOC) Ltd. as it believes that these oil marketing companies are in a “sweet spot.”

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Vishal Mega Mart launched a pilot program in the quick commerce segment last year. The platform operates within an 8-10-kilometre radius of each store, allowing users to access inventory from their nearest outlet through the app.

Currently active in 390 cities across India, the pilot program has shown good results, raising hopes for more growth, said Gunender Kapur, MD & CEO, of Vishal Mega Mart in an interview with CNBC-TV18.

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Here are a couple of stock recommendations by Shivangi Sarda of Motilal Oswal Financial Services:

Buy J K Cement for a target price of ₹4,950 with a stop loss of ₹4,600
Buy Muthoot Finance for a target price of ₹2,160 with a stop loss of ₹2,020

India remains a fundamentally strong market and continues to attract investments. “Should there be a correction in India on a global cycle, it is all the more reason to buy a little bit more of India,” said Bhaskar Laxminarayan, CIO and Head of Investment Management Asia at Julius Baer.

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Tata Power Renewable Energy & Tivolt Electric Vehicles partner to strengthen EV Charging Infrastructure for Commercial Vehicles across India

State Bank of India (SBI), country’s largest lender, has witnessed decent growth over the past year. As of December 11, 2024, SBI’s shares are trading around ₹866, marking a significant increase from ₹612.25 on December 12, 2023.

This represents a rise of approximately 41.5% in just one year.

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Here are a couple of stock recommendations by Pritesh Mehta, Yes Securities:

Buy Voltas with a stop loss of ₹1,700 and a target of ₹2,000
Buy Mphasis with a target of ₹3,700

The ₹3,043 crore Initial Public Offering (IPO) of Hyderabad-based Sai Life Sciences, a contract research and manufacturing company, opened for subscription on Wednesday, December 11.

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The Nifty 50 index is trading 0.13% in the green. As many as 33 index stocks are in the green, while 17 decline. Shriram Finance (2.42%), Britannia (2.03%) and Bajaj Finance (2.02%) are the top gainers. On the other hand, Adani Ports (-1.11%), HCLTech (-0.83%) and SBI (-0.62%) are the top losers.

Recommendations by Pritesh Mehta, Yes Securities:
Buy Voltas for a target of ₹2,000 with a stop loss at ₹1,700
Buy Mphasis with a target of ₹3,700

Alembic Pharma Ltd. on Wednesday, December 11 said it has passed the Brazilian health regulator audit at the API-II facility at Panelav for eight active pharmaceutical ingredients (APIs).

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Here are a few stock recommendations by Sudarshan Sukhani, Technical Trends:

Sell Colgate-Palmolive with a stop loss of ₹2,880
Buy Bajaj Finserv with a stop loss of ₹1,635
Buy Escorts with a stop loss of ₹3,500
Buy Granules India with a stop loss of ₹575

The stock is 3% off lows

Brazilian Regulator inspection was conducted from Sept 16-20, 2024

Here are a couple of stock recommendations by technical analyst Mitessh Thakkar:

Buy Lupin with a stop loss of ₹2,134 and a target of ₹2,200
Buy Kotak Mahindra Bank with a stop loss of ₹1,785

Inox Solar targets initial capacity of 5 GW of solar modules & 2.5 GW of solar cell mfg capacity by 2026

Railway stocks are surging in trade on Wednesday, December 11, as most of these companies continue to reverse from the recent lows that they made in November.

Shares of Indian Railways Finance Corporation (IRFC) are trading with gains of nearly 5% in trade. The stock is back above the mark of ₹160 and a close above that level will be the first such instance since September 20.

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Steel stocks were in focus on December 11 after global brokerage JPMorgan said that though overall volume growth was modest in the October to November, demand is expected to accelerate from hereon as elections and monsoons are behind us.

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Here are a couple of stock recommendations by Chandan Taparia, Motilal Oswal Financial Services:

Buy J K Cement for a target price of ₹4,950 with a stop loss of ₹4,620
Buy Mahindra & Mahindra for a target price of ₹3,250 with a stop loss of ₹3,050