Market Trading Guide: Buy Adani Power and UltraTech Cement on Tuesday for Gains Up to 12% The Nifty index ended a three-day losing streak with strong gains, forming a bullish reversal pattern. Analysts suggest the market may see a near-term recovery, with Adani Power and UltraTech Cement presenting technical buying opportunities. The index rebounded sharply after a decline, driven by gains in banking, automotive, and consumer stocks. Technical indicators indicate potential for a rebound in these stocks. Rupak De, a senior technical analyst at LKP Securities, noted that the broader market sentiment has not changed significantly despite the Nifty’s recovery. He explained that the index did not sustain below the 23,000 level and quickly moved back above it, signaling a possible short-term technical pullback. De highlighted that the index could target 23,800 or higher on the upside, while immediate support is at 23,200. A break below this level could push the index into weakness. Analysts recommend buying Adani Power at Rs 155, with an upside potential of 12%. The stock’s technical structure shows bullish momentum, as it is attempting a breakout from a descending trendline formed over the past few months. The price has rebounded strongly from the rising trendline support near 136, trading above key short-term moving averages. A recent bullish candle supported by increased volume reflects renewed buying interest, and the RSI has moved above the 60 level, signaling strengthening momentum. For UltraTech Cement, the recommendation is to buy at Rs 11,100 with a target of Rs 12,200 and a stop-loss at Rs 10,530. The stock’s technical outlook suggests a buying opportunity as it approaches a long-term rising trendline support near 10,600–10,800.#ultratech_cement #adani_power #nifty_index #lkp_securities #rupak_de
Stock Market Rebounds After Early Fall: Sensex Rises Over 300 Points, Nifty Above 23,200 Equity benchmark indices, the Sensex and Nifty, experienced a rebound on Monday after an initial decline. The 30-share BSE Sensex fell 179.31 points to 74,384.61 in early trade but later climbed 342.02 points to 74,899.76. The 50-share NSE Nifty dropped 53.1 points to 23,098 initially but recovered to rise 88.55 points to 23,240.95. The recovery was driven by value-buying in blue-chip stocks such as HDFC Bank and State Bank of India. Among the top gainers were UltraTech Cement, Tata Steel, InterGlobe Aviation, State Bank of India, HDFC Bank, and ITC. Conversely, Bharat Electronics, Mahindra & Mahindra, Infosys, Trent, and Tata Consultancy Services underperformed. In Asian markets, South Korea's Kospi, Japan's Nikkei 225, and Shanghai's SSE Composite fell, while Hong Kong's Hang Seng rose. The U.S. market closed lower on Friday, and Brent crude oil prices increased 1% to $104.2 per barrel. Analysts noted that geopolitical tensions in West Asia, particularly involving Iran, Israel, and the U.S., continue to influence market sentiment. These tensions have disrupted energy markets and raised concerns about shipping routes through the Strait of Hormuz, keeping crude prices elevated. Hariprasad K, a research analyst, highlighted the fragility of risk sentiment amid these developments. Foreign Institutional Investors (FIIs) sold equities worth Rs 10,716.64 crore on Friday, while Domestic Institutional Investors (DII) purchased stocks worth Rs 9,977.42 crore. The Sensex closed at 74,563.92, down 1,470.50 points or 1.93%, and the Nifty ended at 23,151.10, losing 488.05 points or 2.06%.#nifty #sensex #ultratech_cement #hdfc_bank #state_bank_of_india
Stocks To Watch: DMart, Meesho, UltraTech, Kotak Mahindra Bank, Tata Power, PB Fintech, And Others Indian equity markets are expected to open the week on a weak note, influenced by negative global market trends. Early trading indicators suggest a gap-down start for key benchmark indices. At 06:50 AM, the GIFT Nifty was trading at 23,839, down 706 points from its previous close, signaling a sharp decline at the beginning of Monday’s session. Several stocks are set to be closely monitored on Monday. UltraTech Cement has entered into an Energy Supply Agreement, along with a Share Subscription and Shareholders Agreement, to acquire a 26.20% equity stake in Sunsure Solarpark Thirty Eight Private Limited, a renewable energy company. HDFC Life Insurance Company’s board has approved the appointment of Vijay Vaidyanathan as Chief Human Resource Officer, effective April 1, 2026. Dr. Reddy’s Laboratories announced that the US Department of Justice has closed its inquiry under the Foreign Corrupt Practices Act (FCPA), stating it will not pursue enforcement action against the firm. Kotak Mahindra Bank received approval from the Reserve Bank of India for the appointment of Anup Kumar Saha as Whole-time Director (Executive Director) and Key Managerial Personnel. The bank also announced a collaboration with Salesforce to digitally transform its rooftop solar, EV charging, and smart home solutions businesses. Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) reported that LNG supply disruptions caused by the Middle East conflict have impacted its operations. Supplier GAIL (India) Limited received a force majeure notice from Petronet LNG, leading to a reduction in RLNG allocations to GNFC to 60% of the daily contracted quantity starting March 6, 2026.#kotak_mahindra_bank #ultratech_cement #hdfc_life_insurance #dr_reddy_laboratories #gail_india_limited
