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Technical analysis of stock market
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  • Prestige Estates shares rise 2%, extend gains to 3rd session as Nomura initiates coverage with buy rating September 17, 2025
    Shares of Prestige Estates rallied as much as 2.3% to their day’s high of Rs 1,663 per share on the NSE after Nomura initiated coverage on the counter with a Buy rating and a target price of Rs 1,900, implying a nearly 17% upside from the last closing price of Rs 1,625. With today’s gain, […]
  • MCX shares soar 5% after Sebi chairman’s comments. Here’s what triggered the move September 17, 2025
    MCX shares rose sharply after Sebi Chairman Tuhin Kanta Pandey signalled plans to let banks, pension funds, and FPIs participate in commodity trading. The move is expected to deepen markets, boost liquidity, and drive higher institutional participation in exchanges like MCX.
  • Hong Kong stocks climb to four-year high on AI optimism, TikTok deal progress September 17, 2025
    Hong Kong stocks hit a four-year high, driven by tech companies. Confidence in China's AI and a potential TikTok deal boosted the market. Mainland Chinese stocks also saw gains. Tech giants like Baidu and Alibaba surged. Developments in China's AI infrastructure and new AI models are noteworthy. Alibaba and Baidu are using internally designed chips.
  • Belrise Industries shares soar 6% as Investec initiates coverage with 'Buy' rating September 17, 2025
    Belrise Industries shares rose sharply after Investec initiated coverage with a Buy rating and Rs 185 target. The 2W-focused auto ancillary is expanding OEM ties, entering 4W, defence, and solar segments, with analysts forecasting 30% PAT CAGR over FY25-28 despite risks from EV adoption and commodity volatility.
  • Cochin Shipyard, GRSE and other defence stocks rally up to 8%. Here's why September 17, 2025
    Indian defence stocks are on a roll, fueled by a potential Rs 2 lakh crore Rafale fighter jet deal and long-term growth optimism. Cochin Shipyard and GRSE surged, while HAL and Mazagon Dock also saw gains. Analysts are bullish on the sector's future, driven by government initiatives, but caution against stretched valuations and execution challenges.
  • HDFC Bank top pick for Jefferies, target price set at Rs 1,200 September 17, 2025
    HDFC Bank continues to be the top pick for global brokerage Jefferies, which has retained its BUY call with a target price of Rs 1,200. The bank’s improving loan growth, stable asset quality, and operational efficiencies are seen as key drivers for earnings and valuation. The ADR target price is set at $92.

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