Analyst Consensus (1 calls)
Indian equity markets closed higher on Monday, with the Nifty index gaining 0.8%. Analysts foresee a continued gradual upward trend, driven by positive global sentiment and sector-specific developments in renewable energy, metals, and summer-related industries.
Indian benchmark indices, Sensex and Nifty, concluded a recent trading session over 1% lower for the second consecutive day, primarily due to selling pressure in IT, auto, and financial sectors. Despite the broader market decline, stocks like Jio Financial Services [JIOFIN] and OFSS [OFSS] emerged as key gainers.
Havells India [HAVELLS] concluded FY26 with a subdued Q4, marked by a 6% dip in EBITDA, largely impacted by its Lloyd appliance division's performance and persistent input cost pressures.
Indian equity markets experienced significant declines on April 23rd, as geopolitical tensions and rising crude oil prices weighed heavily on investor sentiment, pushing Nifty and Sensex lower.
Havells India shares faced a significant decline after reporting weaker-than-expected Q4 results, prompting Morgan Stanley to downgrade the stock to 'Underweight' while other brokerages trimmed targets.
A recent surge in Futures & Options (F&O) open interest across several NSE stocks, including Tata Elxsi, Havells, and HCL Technologies, signals heightened trader activity and expanding derivative positions.