VK Vijayakumar said that the strength in the IT stocks follows the results of HCL Tech and the optimism surrounding that will hold the IT index strong.
VWAP is a concept that gives the average price a security has traded at throughout the day based on both volume and price.
Thus far in the calendar year 2026, Aeroflex Industries stock outperformed the market by zooming 169%, as compared to a 13% fall in the BSE Sensex.
Indian Bank reported a near 15% YoY growth in net profit, while Uco Bank and South Indian Bank posted 26.8% and 21.3% profit growth in Q2FY27.
Sky Gold and Diamonds' share price hit a new high of ₹1,021.95, surging 6% on the BSE in Thursday's intraday trade.
Nestle India on Thursday reported a 36.3% YoY growth in Q2FY27 net profit at ₹1,026.70 crore, backed by a 20.5% YoY surge in sales to ₹6,782.17 crore.
Thus far in 2026, Bharti Airtel stock underperformed and was down 12%.
At 10:04 AM on Thursday, the Nifty Smallcap 100 index was down 0.86% at 19,218, as compared to a 1% rally in the Nifty 50.
JM Financial has upgraded Canara Bank to 'Buy' from 'Add' on cheap valuations and improving fundamentals. It has also raised the target price to ₹150 from ₹142.
Leela Palaces Hotels' Q2 growth was driven by 30% RevPAR growth, entirely ARR-led, supported by favorable domestic travel tailwinds & strong MICE demand, said analysts at Jefferies.
HDB Financial Services reported a 34.2 per cent surge in profit after tax to ₹780 crore in the September quarter of FY27.
Consumption recovery has been gradually strengthening and, while the market has started pricing in an improvement, the outlook remains dependent on the durability of demand
Stocks to buy today: Kunal Kamble, senior technical research analyst at Bonanza, has recommended three stocks: Jindal Saw, BHEL and Allied Blenders and Distillers.
The monsoon shortfall raises concerns over farm incomes, and price increases by manufacturers add to the cost of vehicle ownership
Ajit Mishra of Religare Broking has reiterated a cautious stance on Nifty, with 22,850, coinciding with the 20-DEMA, acting as the immediate hurdle. He has recommended HAL, IndiGo and BHEL for trade.
Analysts said higher sugar prices and input cost inflation could weigh on FMCG stocks in the near term, with the impact varying across companies depending on their product mix and pricing power.
Nifty outlook today: Jatin Gedia of Teji Mandi Investment said that if the Nifty surpasses the immediate hurdle at 22,800, it could trigger a short-covering rally towards 23,000-23,150.
Analysts said logistics is integral to the consumption theme, benefiting from rising demand across categories and the growth of quick commerce.
Only 10 Nifty 50 stocks traded above their 200-day moving averages on Wednesday, down from 38 in January, signalling weakening market breadth despite movements in the benchmark index.
Thus far in the calendar year 2026, BHEL stock outperformed the market by soaring 61% compared to a 14.6% decline in the BSE Sensex.