As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend

Markets are expected to consolidate on Wednesday amid India-Pakistan tensions. Nifty futures closed lower at 24,415, with India VIX rising over 3%. Options data suggests a broad trading range of 23,80024,800. Analysts recommend stocks like Tata Steel, Maruti, ICICI Bank, and United Spirits for short-term trades, while cautioning that Nifty must hold above 24,400 to regain momentum.

Tata Motors shares: As per Tuesdays exchange filing, 99.9995% of shareholders approved the demerger plan, under which each will receive equal shares in the two newly listed entities.

Prestige Estates clocked over Rs 3,000 crore in sales within a week of launching its first NCR project, The Prestige City in Indirapuram, marking its debut in the region. The project sold 1,200 units across two phases. With expansion plans across major cities and a mall in the pipeline, the company is optimistic about its growth trajectory.

Axis Securities recommends a Buy call on Biocon, setting a target price of Rs 351, indicating a potential 10% upside. The recommendation is based on the increasing market share of biosimilars and a robust pipeline, including gLiraglutide and upcoming biosimilars like Stellara and YESFILI. For the quarter ended December 31, 2024, Biocon reported a consolidated total income of Rs 3856.

Paytm's parent company, One97 Communications, saw shares rise after reporting a narrower consolidated net loss of Rs 540 crore for Q4FY25, despite exceptional items. Revenue declined 16% year-on-year but increased sequentially. The company anticipates potential policy clarity around merchant discount rates on UPI, which could offer incremental monetization opportunities.

Indian stock market indices experienced a slight dip at the opening bell. This followed the Indian Armed Forces' precision strikes on terror infrastructure in Pakistan and PoK. The operation, named 'Operation Sindoor', targeted locations used for planning attacks against India. The Ministry of Defence emphasized the operation was focused and non-escalatory.

Centrum Broking has maintained a Buy rating on Nuvoco Vistas with a target price of Rs 416, indicating an upside potential of 21% from the current market price of Rs 343.

ICICI Securities suggests buying State Bank of India shares. The target price is now Rs 950. The bank's financial performance shows growth in total income. Asset quality is strong. RoE is expected to be around 15% in the coming years. The brokerage firm finds the stock inexpensive. A major economic slowdown poses a risk.

The company plans to list on the NSE Emerge platform, aiming to tap the capital markets for growth and expansion.

Arunaya Organics is set to list on the NSE SME platform on May 7 after its IPO was subscribed 2.45 times. The IPO comprised a fresh issue and an offer-for-sale, raising a total of Rs 34 crore. The company plans to use the proceeds to establish a new manufacturing facility and for working capital.

The shares will be credited to bidders' demat accounts by May 8, and refunds for unallotted investors will also be processed on the same day. The company is set to debut on the BSE SME platform on May 9.

We are all aware markets do not like uncertainty of any type, and by nature, it is forward-looking. Hence, it reacts either positively or negatively depending upon the underlying developments.

Bombay Stock Exchange's (BSE) shares are in focus. The company's March-quarter earnings surged. Net profit rose 362% to Rs 494 crore. This was driven by higher transaction charges. The board declared a total dividend of Rs 23 per share. A special dividend commemorates BSEs 150th year. Transaction charges increased significantly. The company focuses on growing market share.

HDFC Securities has issued a Reduce call on Indian Oil Corporation (IOC), setting a target price of Rs 128, lower than the current market price of Rs 147.95. The brokerage firm has revised its EPS estimates downward for FY26/27, citing lower refining and marketing margin assumptions. They maintain a REDUCE rating based on their SOTP target price calculation.

News that the United States and China are due to talk on Saturday eased concerns about a trade war that has shaken investor confidence in the dollar and U.S. markets. Fed Chair Jerome Powell was expected to say more data is needed before deciding the U.S. central bank's next move.

Indian Armed Forces initiated Operation Sindoor, targeting terrorist infrastructure in Pakistan and PoK in response to attacks planned against India. The operation involved coordinated efforts from the Army, Navy, and Air Force, striking nine terror-related targets using precision munitions. The Ministry of Defence emphasized the operation was focused, measured, and non-escalatory, with no Pakistani military facilities targeted.