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 and Nifty traded largely steady at 61,762.64 points and 18,362.75 points this morning, respectively.
The BSE IT was up 3.58 per cent to 1026.63 level with Mindtree, Infy, Latent View, LTI, Birla Soft as most active ones in the index.
Sensex was down 477.63 points or 0.78 percent, trading at 60,555.92 points, while the Nifty was down 134.30 points or 0.74 percent, at 18,022.70 points.
Nifty traded at 18,231.55 points, up 28.75 points or 0.16 percent, the Sensex opened at 61,278.82 points, up 93.67 points or 0.15 percent.
Nifty traded at 18,202.80 points, up 85.65 points or 0.47 percent, while the Sensex closed at 61,185.15 points, up 234.79 points or 0.39 percent.
