Indian equities ended mixed on Friday, with Nifty 50 rising 75.80 points (0.33%) to close at 23,346.40 for the second consecutive session, while Sensex slipped 19.63 points (0.03%) to settle at 74,294.96. According to reports from MarketSmith India, capital goods, healthcare, oil & gas, and banking stocks led the gains, while IT, consumer durables, and FMCG lagged. The market breadth remained strong with 2,388 stocks advancing, 1,154 declining, and 111 unchanged, reflecting broad-based buying interest despite global uncertainties keeping investors selectively cautious.
MarketSmith India has issued two buy recommendations for today's trading session. Electronics Mart India Limited is recommended at current price of ₹196 with a buy range of ₹194-197 and target price of ₹230 in two to three months. The recommendation cites the company's geographic expansion into northern markets and robust consumption demand driven by premiumization trends. Sona BLW Precision Forgings Limited is recommended at ₹808 with a buy range of ₹800-812 and target price of ₹880 in two to three months. Both stocks show technical breakout patterns with specific risk factors outlined for each recommendation.
Multiple brokerages have issued fresh stock calls across various sectors including capital goods, banks, hospitality, and cement. JPMorgan maintains Overweight on L&T with a target price of ₹5,060, citing growth prospects and strong execution capabilities. Jefferies upgrades Leela Hotels to Buy with ₹675 target, highlighting domestic tourism growth and the company's ₹2,000 crore FY30 EBITDA ambition. GS maintains Buy on Sansera Engineering with an upgraded target of ₹4,990, benefiting from semiconductor component sourcing expansion. Citi maintains Buy on Kotak Mahindra Bank with ₹465 target, supported by business resilience and policy tailwinds. The broader market outlook shows opportunities across consumer electronics, cables and wire sectors, with brokerages maintaining constructive views on several key stocks.
On Friday, metals led gains with +1.51%, followed by media at +1.34% and realty at +1.19%. Oil & gas sector gained 0.84%, while IT emerged as the major laggard with -1.03% decline. According to MarketSmith India, banking stocks outperformed with Bank Nifty rising 302.95 points (0.54%) to close at 56,358.70, led by HDFC Bank's nearly 2% gain. The advance-decline ratio of approximately 2.1:1 indicated healthy underlying breadth across the broader market.
