Page 9 - Stock Market Trading
Welspun Corp zooms 227% in 6 months; Jefferies projects further upside
Jefferies initiated coverage on Welspun Corp stock with a 'Buy' rating for a target price of ₹3,250 per share citing likely gains from an upcycle in oil & gas spends by the US and Middle East.
 "Welspun Corp zooms 227% in 6 months; Jefferies projects further upside")
Lumino Industries makes strong debut, lists at 34% premium on NSE
Lumino Industries shares listed at ₹109 on the BSE, a premium of 32.93 per cent against the offer price of ₹82. Meanwhile, on the National Stock Exchange, it debuted at ₹110, up 34.15 per cent.
 "Lumino Industries makes strong debut, lists at 34% premium on NSE")
Rupee gains 69 paise, hits highest level since June on bumper FCNR inflows
The domestic currency touched an intraday high of 94.27 in morning deals, its highest level since June 29, according to Bloomberg data.
 "Rupee gains 69 paise, hits highest level since June on bumper FCNR inflows")
Nifty may test 23,600, says Ajit Mishra; bets on BEML among others
Religare Broking's Ajit Mishra said that the sharp decline has pushed Nifty closer to our initial downside target and support of 23,800. A break below this could extend the correction towards 23,600.
 "Nifty may test 23,600, says Ajit Mishra; bets on BEML among others")
BEML, Raymond, IFCI: 3 breakout stocks on Bonanza's radar
Kunal Kamble of Bonanza has recommended three breakout stocks to buy today -- BEML Ltd, Raymond Ltd, and IFCI Ltd.
 "BEML, Raymond, IFCI: 3 breakout stocks on Bonanza's radar")
Nifty to remain range-bound; Jatin Gedia recommends Meesho, 2 others
Jatin Gedia of Teji Mandi has said that he sees range-bound price action between 23,800 and 24,100 in Nifty from a short-term perspective.
 "Nifty to remain range-bound; Jatin Gedia recommends Meesho, 2 others")
Sensex tanks 800 points intraday, Nifty below 23,800: What's spooking D-St?
VK Vijayakumar said that the escalation of the US-Iran conflict and the consequent 5 per cent spurt in Brent crude overnight to $96 is a negative for markets.
 "Sensex tanks 800 points intraday, Nifty below 23,800: What's spooking D-St?")
Morepen Labs zooms 112% in 6 weeks; stock hits multi-year high; here's why
Morepen Laboratories' share price hit a multi-year high of ₹112.85, soaring 8 per cent on the BSE in Wednesday's intra-day trade.
 "Morepen Labs zooms 112% in 6 weeks; stock hits multi-year high; here's why")
Oil spike weighs on aviation stocks; IndiGo, SpiceJet dive up to 4%
Analysts noted that Aviation Turbine Fuel (ATF) represents a significant share of airlines' operating cost and any rise in crude oil price is a negative for the sector.
 "Oil spike weighs on aviation stocks; IndiGo, SpiceJet dive up to 4%")
BSE shares slide 15% since CAS implementation; Jefferies flags options hit
According to Jefferies, the introduction of CAS adversely impacted equity options turnover and contracts in August, which is negative for companies like BSE and Groww.
 "BSE shares slide 15% since CAS implementation; Jefferies flags options hit")
BSE Utilities index up 1%; JSW Energy, Torrent, Tata Power rally up to 4%
At 01:17 PM on Wednesday, the BSE Utilities index was the top gainer among sectoral indices up 1.2 per cent, compared to a 0.65 per cent decline in the BSE Sensex.
 "BSE Utilities index up 1%; JSW Energy, Torrent, Tata Power rally up to 4%")
Gold loan book seen crossing ₹30 tn by FY28; MOFSL lists top 6 picks
MOFSL noted that public sector banks continue to command the highest market share in gold loans at 60 per cent as of March 2026.
 "Gold loan book seen crossing ₹30 tn by FY28; MOFSL lists top 6 picks")
IFCI share price spurts 11%, nears ₹100-mark after an 18-year gap
On Wednesday, IFCI quoted at its highest level since January 2008 and hit a record high of ₹121.20 on December 17, 2007.
 "IFCI share price spurts 11%, nears ₹100-mark after an 18-year gap")
Sai Life Science surges 8% in two days; stock hits new high in weak market
In the past month, Sai Life Science stock surged 19 per cent, against a 2.8 per cent decline in the BSE Sensex.
 "Sai Life Science surges 8% in two days; stock hits new high in weak market")
Coal India rallies 4% on huge volume amid Mahanadi Coalfields IPO buzz
Coal India, the public sector undertaking (PSU) stock, reported its sharpest intra-day gain in the past three months on Wednesday.
 "Coal India rallies 4% on huge volume amid Mahanadi Coalfields IPO buzz")
FIIs pile up 2.5 lakh index shorts; analysts decode Sep market outlook
Market analysts expect volatility to rise on either side of the market in September based on the F&O and historical market data.
 "FIIs pile up 2.5 lakh index shorts; analysts decode Sep market outlook")
Annu Projects makes weak D-St debut, lists at 27% discount on NSE
Annu Projects shares listed at ₹75 on the BSE, a discount of 24.24 per cent against the offer price of ₹99. Meanwhile, on the National Stock Exchange (NSE), it debuted at ₹72, down 27.27 per cent.
 "Annu Projects makes weak D-St debut, lists at 27% discount on NSE")
24,100 key hurdle for Nifty; Chandan Taparia bets on Eternal, Bajaj Auto
Chandan Taparia says that if Nifty crosses 24,100, we could see the index moving towards 24,200-24300. He has recommended buying Persistent Systems, Eternal, & Bajaj Auto shares for the short term
 "24,100 key hurdle for Nifty; Chandan Taparia bets on Eternal, Bajaj Auto")
KSB Ltd, Stove Kraft: HDFC Securities sees bullish setup on charts
Vinay Rajani of HDFC Securities has recommended buying two stocks today -- KSB Ltd and Stove Kraft
 "KSB Ltd, Stove Kraft: HDFC Securities sees bullish setup on charts")
ONGC, Oil India gain 2% in weak market as crude oil prices spike
WTI Crude Oil prices surged more than 3 per cent after the US forces struck Iranian rocket launchers near the Strait of Hormuz.
 "ONGC, Oil India gain 2% in weak market as crude oil prices spike")