HSBC downgrades Indian equities to ‘Neutral’; revises Sensex target for 2025 end
Analysts at HSBC downgraded Indian equities to 'Neutral' from 'Overweight’.
Analysts at HSBC downgraded Indian equities to 'Neutral' from 'Overweight’.
Market witnessed on Wednesday sharp rebound amid buying in heavyweights and IT, oil and gas, FMCG stocks.
At close, the Sensex was up 234.12 points or 0.30% at 78,199.11, and the Nifty was up 91.85 points or 0.39% at 23,707.90.
In its latest note, the US-headquartered investment bank sees 18 per cent base case upside for the BSE Sensex by the December end.
At close, the Sensex was down 720.60 points or 0.90 per cent at 79,223.11, and the Nifty was down 183.90 points or 0.76 per cent at 24,004.75.
Sensex was trading at 61,771.83 in the opening session, up barely 21.23 points or 0.034 percent,
The Sensex of BSE on Wednesday had a dalliance with 62,000 points and closed at 61,980.72 points. The Sensex opened at 61,708.63 points which were also the day's lowest point. It touched a high of 62,052.57 points during the day.
Shares of television channel takeover target company New Delhi Television Ltd (NDTV) hit the BSE upper circuit on Wednesday. The scrip had hit the upper circuit on Tuesday at Rs 384.10 and opened at Rs 403.30 on Wednesday which was also the upper price band.
At 9.57 am, Sensex traded at 61,782.52 points, down 90.47 points or 0.15 per cent, whereas Nifty traded at 18,380.55 points, down 22.85 points or 0.12 per cent. Notably, Sensex tasted a record high of 61,873 on Tuesday.
Nifty was trading at 18,326.55 points, down just 2.60 points or 0.014 percent, while the Sensex was trading at 61,605.84 points, down 18.31 points or 0.03 percent
