Stock Market Live Updates: Sensex Falls 400 Pts From Day’S High, Nifty Below 17350

Stock Market LIVE Updates: Indian equity benchmarks Sensex and Nifty50 struggled within a narrow range around the flatline in a choppy session on Wednesday, despite strength across global markets amid easing Russia-Ukraine tensions.

Tata Power up 2 percent in trade on Wednesday after research firm Morgan Stanley maintained equal-weight rating on Tata Power and raised the target price to Rs 228 per share.

Amit Sajeja, VP-Technical Commodities and Currencies Analyst-Commodities at Motilal Oswal Financial Services, recommends buying MCX gold April futures at Rs 48,800 for a target of Rs 49,700 with a stop loss below Rs 48,300.

Rajesh Kumar Srivastava of ONGC tells CNBC-TV18 the company expects its capital expenditure in exploration to be at around Rs 40,000-45,000 crore in the next 3-4 years.

Rakshit Ranjan, Portfolio Manager at Marcellus Investment Managers, believes it is best to stay invested with the highest quality.

“Whether the share price of say Asian Paints or Bajaj Finance can be 10-20 percent lower in the next one month, it is very, very difficult to predict…

In the brokerage’s view, the market seems to be pricing in increased competition from LIC ahead of its potential  listing.

Devyani International delivered a strong performance in Q3, with sequential growth in average daily sales of both KFC and Pizza Hut despite the addition of a large number of stores in the past five quarters, according to the brokerage.

“We are seeing some formation of long positions at lower levels and we have names like L&T, which is doing well among largecap names.

Vedant Fashions makes a strong debut in the secondary market.

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