Nifty Today High Low

Nifty 50 Index: Live Updates and Market Analysis

Today's Market Performance

The Nifty 50 Index is currently trading at INR 21857.25, marking a decrease of 0.63% or 137.75 points over the past 24 hours.

Key Index Movements

* Nifty 50 Bank: -12460 (-0.56%) * Nifty Midcap 100: -28845 (-0.60%)

Nifty 50 Companies News and Analysis

* **Reliance Industries (RIL):** RIL reported strong financial results in the latest quarter, beating analyst expectations. The company's shares have gained over 2% in early trading. * **Infosys (INFY):** Infosys has guided for a muted revenue growth in the upcoming quarter, citing the impact of the COVID-19 pandemic. The company's shares have fallen by 1.5% in response to the guidance. * **HDFC Bank (HDFCB):** HDFC Bank has been facing some headwinds due to concerns about its asset quality. However, the bank's recent financial results were largely in line with expectations. The stock is trading sideways.

Target Prices and Stock Analysis

* **HDFC Life (HDFCLIFE):** Analysts have set a target price of INR 750 for HDFC Life. The stock is currently trading at INR 620, indicating a potential upside of 21%. * **TCS (TCS):** TCS is considered a defensive stock amidst the current market volatility. Analysts have set a target price of INR 3500 for the stock. * **ITC (ITC):** ITC has been performing well in recent months due to strong demand for its FMCG products. Analysts have set a target price of INR 320 for the stock.

Disclaimer

The information and opinions expressed in this article are for general informational purposes only. They should not be construed as investment advice or a recommendation to buy or sell any security. Investors should always consult with a qualified financial professional before making any investment decisions.