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Analysts at BNP Paribas have set target prices for several major companies, with Reliance Industries at Rs 1,650 and Tata Consultancy Services at Rs 4,750. They project a Nifty target of 25,500 for CY25, citing challenges like food inflation and rising US bond yields, while favoring large-cap stocks and banks due to strong earnings growth prospects. Other notable targets include HDFC Bank at Rs 2,550 and Bajaj Finance at Rs 10,000, amidst a mixed earnings outlook and a potential slowdown in Indian equities.
The BSE Sensex has dropped over 10,000 points, or nearly 12%, from its all-time high, reflecting challenging global and local market conditions. BNP Paribas Securities forecasts a potential 10% upside for the NSE Nifty 50 index by 2025, favoring sectors like private banks, IT, and telecoms, while expressing caution towards pharma and metals. Among its top stock picks, SBI Life Insurance stands out with a projected upside of over 70%.
Benchmark indices Sensex and Nifty experienced significant declines on January 6, with the Sensex dropping 1,379.81 points (1.74%) to 77,843.30 and the Nifty falling 428.40 points (1.78%) to 23,576.35. The downturn was driven by weak quarterly updates from key companies, particularly in the PSU and consumer sectors, alongside negative trends in Asian markets. Investor wealth eroded by Rs 9.5 lakh crore, with 3,126 shares declining compared to 485 advancing.
Bajaj Finance FUT, January 2025
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bnpparibas sets target prices for major companies amid market challenges
Indian Rupee
United States Dollar
ICICI Bank Limited
Axis Bank Ltd
Bajaj Finance FUT, January 2025
Mahindra & Mahindra Ltd
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Reliance Industries Ltd
Metropolis Healthcare Limited
Tata Consultancy Services Limited
SBI Life Insurance Company Limited
Havells India Limited
Hindustan Unilever Limited
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Aster DM Healthcare Limited
HDFC Bank Ltd
Bharti Airtel Ltd.
Larsen & Toubro Ltd
USA
IND
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10:57 22.01.2025
bnpparibas predicts market recovery with strong upside in select stocks
Indian Rupee
United States Dollar
Havells India Limited
Axis Bank Ltd
Bajaj Finance FUT, January 2025
ICICI Bank Ltd
Maruti Suzuki India FUT, Januar
Infosys Ltd
Reliance Industries Ltd
Metropolis Healthcare Limited
HDFC Bank Ltd
Bharti Airtel Ltd.
Larsen & Toubro Ltd
USA
IND
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09:35 22.01.2025
Sensex plunges 1400 points as market reacts to HMPV concerns
United States Dollar
Tata Steel Ltd
Kotak Mahindra Bank FUT, Januar
Bajaj Finance FUT, January 2025
IND
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07:48 06.01.2025
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