On the sectoral front, Nifty FMCG, and Media are on the upside.
ICICI Bank can retain a stake of more than 30% but keep it below 48.02% of the company’s paid-up capital.
ICICI Lombard shares reserved its losses after hitting 52 week low to Rs 1049 on NSE in March. However, in the last 1 month, it has gained 13%.
Recommendation: Buy; Target Price: Rs 5500
Sensex surges 400 points; Nifty above 18,600; all index stocks gain; Nifty Bank at record high
On the sectoral front, Nifty IT (+1.42%) and Media (+1.71%) stocks are trading with the most gains.
Company's stock price rises after its net profit rises by 40.7%.
Bajaj Auto (+2.40%) is the top gainer on NSE in today’s trade.
Gross FDI inflow came down y-o-y by 16% to $71 billion in FY 23.
Wipro plans to provide comprehensive training on Google Cloud's generative AI technologies to approximately 20,000 associates.