Stock Market Highlights | Sensex, Nifty 50 recover Tuesday’s losses led by Reliance, HDFC Bank

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“Stock-specific actions and positive undercurrents due to a healthy economic growth forecast led the market towards a positive closure. However, due to the holiday-led truncated week, investors are now focusing on US GDP data tomorrow and next week’s RBI policy announcement to gauge market direction. The mid- and small-cap space are outperforming as investors got bargaining opportunities, but volumes are low,” says Vinod Nair, Head of Research, Geojit Financial Services.

Midcaps Relatively Underperform With Midcap Index Seeing A Flat Close
Sensex Rises 526 Points To 72,996 & Nifty 119 Points To 22,124
Nifty Bank Up 186 Points To 46m786 & Midcap Index Gains 30 Points To 47,837
Reliance Gets Another Positive Brokerage Note, Stock Near Record High
Nifty Rejig Leads To A Sharp Move In UPL & Shriram Finance In Last Hour
Autos See A Buying Ahead Of Monthly Data, Maruti, Bajaj Auto Top Gainers
Lupin Ends At Day’s Low After Co Gets Tax Demand Worth `477 Cr For AY21-22
Positive Brokerage Notes Lift Gravita, Info Edge & ABB, Stocks Rise Up To 7%
Suzlon Energy Rises 4% As CRISIL Upgrades The Rating Of The Company
CDSL & Aster DM Fall 7% Each After Major Block Deals
Midcap Underperformance Keeps Mkt Breadth In Favour Of Declines
NSE Advance Decline Ratio Is At 3:4

In a stock exchange filing, Varun Beverages said that as of March 26, 2024, Bevco has become a subsidiary of Varun Beverages, on receiving all the required approvals, including from PepsiCo Inc, Competition Commission South Africa, among others.

Read more here

Here are a few stock recommendations by technical analyst Sudarshan Sukhani:

– Buy BEL with a stop loss of ₹184
– Buy Icici Prudential Life with a stop loss of ₹560
– Buy DLF with a stop loss of ₹817
– Buy Power Finance Corporation with a stop loss of ₹357

Bharat Forge shares are in the red after three days, down 1.96%.

The stock has gained 46.43% in the past year.

Here are a couple of stock recommendations by Ruchit Jain, 5paisa.com:

– Buy L&T at a target of ₹3,780-3,900 with a stop loss of ₹3,640
– Buy Sun Pharma at a target of ₹1,700 with a stop loss of ₹1,550

Birlasoft shares are in the green for the second day today, up 2.63%.

The stock has gained 193.23% in the past year.

PepsiCo’s largest franchise in the world outside the US, Varun Beverages Ltd, on Wednesday, March 27, announced that it has completed the acquisition of the South African company, The Beverage Company Proprietary Limited, along with its subsidiaries, collectively known as ‘Bevco’.

In a stock exchange filing, Varun Beverages said that as of March 26, 2024, Bevco has become a subsidiary of Varun Beverages, on receiving all the required approvals, including from PepsiCo Inc, Competition Commission South Africa, among others.

Read more here