Infosys surprised investors with strong quarterly numbers, raising its full‑year revenue growth outlook and sparking a modest rise in India's main stock indexes.
Market Snapshot
At 9:15 am IST, the Nifty 50 was up 0.12% at 25,696.05 and the Sensex rose 0.35% to 83,670.79. Nine of the 16 major sectors closed higher, while small‑cap and mid‑cap indices gained 0.1% and 0.2% respectively.
Technical Outlook
- Nifty 50 is near a key support level around 25,600. A break below could lead to further weakness, while resistance sits near 25,800.
- Bank Nifty is holding close to support at 59,400. Resistance is around 59,800; a firm close above may revive bullish sentiment.
Short‑Term Stock Picks
Analyst Prashanth Tapse suggests three stocks for traders looking for quick gains.
- Groww – Current price ₹170. Buy above ₹172, target ₹182‑₹190, stop‑loss ₹162.
- Belrise Industries – Current price ₹172. Buy on dips, target ₹182‑₹190, stop‑loss ₹165.
- Coforge – Current price ₹1,725. Break above ₹1,740, target ₹1,780‑₹1,830, stop‑loss ₹1,680.
Disclaimer
These views belong to the analyst and not to any platform. Always do your own research or consult a certified advisor before investing.