Stock Market Today Live: Sensex opens 350 pts higher, Nifty up 100 pts; Trent, Jio Finance top gainers

UBS downgrades telecom shares on cautious outlook

UBS downgraded Indus Towers to Promote with a goal worth of ₹395 and Bharti Airtel to Promote with a goal of ₹1,800, whereas sustaining Impartial on Vodafone Thought with a goal of ₹15. The brokerage maintained a cautious view on the sector amid troublesome macro circumstances and rising inflationary pressures. It believes consensus expectations of a cell tariff hike in FY27 are in danger, with sector income development slowing to round 8 per cent YoY in Q4FY26.

HSBC initiates protection on IDFC First Financial institution

HSBC initiated protection on IDFC First Financial institution with a Purchase ranking and goal worth of ₹90. IDFC First Financial institution is a play on multi-year excessive mortgage development and working leverage throughout enterprise segments. Execution has been sturdy not too long ago, with the brokerage seeing 35 per cent core PPOP CAGR in FY26-29e and ROA/ROE growth. The financial institution is positioned to develop its loans by round 20 per cent CAGR over FY26-29e.

HSBC initiates Purchase on Belrise Industries

HSBC initiated protection on Belrise with a Purchase ranking and goal worth of ₹270. Belrise is shifting into extra superior fabrication to cater to rising passenger and business automobile wants. This technique is supported by varied latest acquisitions, and it’s also diversifying into defence and aerospace segments. Simplification of its group construction ought to additional improve shareholder worth.

Brokerages combined on IndiGo after analyst day

Goldman Sachs maintained Purchase on InterGlobe Aviation (IndiGo) with a goal worth of ₹5,300. JPMorgan stored Impartial with a goal of ₹4,610, whereas Jefferies maintained Purchase at ₹5,380 and Morgan Stanley stored Obese with a goal of ₹5,844. HSBC maintained Purchase with a goal of ₹5,545. Key highlights embrace single-digit capability development in FY27, worldwide combine goal of 40 per cent by FY30, and give attention to yields amid price pressures.

Jefferies on RBI’s FCNR-B and ECB measures

Jefferies famous that phrases on FCNR-B and ECB elevating are supportive. These measures can drive bigger inflows of $50-70 billion versus $34 billion in 2013, with leverage being a key attraction.

Citi revises BoP forecast after RBI measures

Citi now expects a BoP surplus of $5 billion in FY27 after incorporating $10 billion from the OFCB route. It expects USDINR to maneuver in the direction of 93 within the brief run. Relative beneficiary amongst fairness financials is HDFC Financial institution, whereas government-owned NBFCs equivalent to PFC, REC and IRFC acquire direct hedging aid.

HSBC maintains Maintain on Nestle India

HSBC maintained Maintain on Nestle India with a goal worth of ₹1,450. The MPN section clocked only one per cent YoY income development in FY26, at the same time as different segments delivered a strong yr. Robust portfolio, however development upgrades look troublesome and valuations are steep.

HSBC holds Tata Motors PV with ₹450 goal

HSBC maintained Maintain on Tata Motors PV with a goal worth of ₹450. A number of headwinds in FY26 noticed JLR’s web debt place fall again to FY23 ranges. It elevated JLR margin estimates because it expects decrease guarantee prices in FY27 and onwards.

Jefferies optimistic on renewable power demand

Jefferies reiterated Purchase on Emmvee with a goal of ₹360 and on Premier with a goal of ₹1,135. Energy demand rose double digits YoY in Could, pushed by cooling demand. Harsh summer time, weak monsoon forecast and excessive chance of El Niño ought to maintain demand development, supporting a pickup in renewable power tendering in 2HFY27.

Jefferies maintains Maintain on Infosys

Jefferies maintained Maintain on Infosys with a goal worth of ₹1,235. It outlined the corporate’s technique to evolve from tech implementer to a price orchestrator, with sharp rise in R&D spend reflecting give attention to constructing AI capabilities.

Jefferies on utilities sector outlook

Jefferies famous demand enhancing with execution ramp-up to comply with. Energy demand in April-Could 2026 has been sturdy at 7 per cent YoY. Top picks are JSW Power, Adani Power Options and NTPC. It raised targets for Adani Inexperienced Power to ₹1,735, Adani Power Options to ₹1,905 and JSW Power to ₹745.

Jefferies upbeat on aerospace and defence

Jefferies highlighted FY26 order circulation rose 9 per cent YoY for the protection universe. It believes energy tools and defence stay one of the best ways to play the sector. Top picks: Siemens Power, Hitachi Power, HAL, BEL, KEI and L&T.

Jefferies on electricals sector

Jefferies famous {that a} below-normal monsoon forecast for 2026 can profit air conditioner firms. It estimated FY27 UCP gross sales of Voltas and Blue Star to develop by 15-16 per cent YoY.

MOSL initiates Purchase on Gabriel India

MOSL initiated protection on Gabriel India with a Purchase ranking and goal worth of ₹1,266. The corporate is reworking right into a scalable mobility platform with a considerably bigger development runway. It estimated income/EBITDA/PAT CAGR of twenty-two per cent/23 per cent/55 per cent for FY26-FY28E.

Brokerages spotlight EMS development potential

JP Morgan famous exports outpaced home in FY26 for EMS firms, which may very well be the subsequent frontier of development. Dixon Tech stays its top choose.

Bernstein survey on Indian capital markets

Bernstein’s survey indicated markets are on the clock with home flows doubtlessly weakening. Many buyers plan to keep up or reassess SIPs, with flows for asset managers with greater reliance on direct-plan buyers more likely to be extra risky.

Nomura maintains optimistic stance on metal

Nomura maintained optimistic stance on the Indian metal sector. Home HRC costs moderated whereas rebar costs declined sharply. India remained a web importer in Could 2026.

Nomura on Indian pharma April gross sales

Nomura’s April-IQVIA information confirmed ex gRevlimid, three-month gross sales for April 2026 rose probably the most for Zydus and declined probably the most for Lupin.

Nomura maintains Purchase on Motherson Sumi Wiring

Nomura maintained Purchase on Motherson Sumi Wiring with a goal worth of ₹50. Outlook stays wholesome based mostly on OEM manufacturing schedules.

UBS on attire exporters amid Center East battle

UBS famous no demand shock for Indian attire suppliers regardless of the Center East battle, with steady relationships and recovering utilisation. Sharp improve in uncooked materials prices is creating margin stress that suppliers are attempting to go on partially.

Elara initiates Purchase on Bharti Airtel

Elara initiated Purchase on Bharti Airtel with a goal of ₹2,387, Purchase on Bharti Hexacom at ₹1,756 and Accumulate on Indus Towers at ₹491. The sector is in multi-year restoration with anticipated ARPU CAGR accelerating to 7 per cent throughout FY26-29E.

Kotak maintains Purchase on SBI

Kotak Institutional Equities maintained Purchase on SBI with a good worth of ₹1,250. The brokerage highlighted regular execution with resilient RoE regardless of NIM pressures.

Citi maintains Impartial on Cognizant

Citi maintained Impartial on Cognizant with a goal worth of $55. Administration highlighted rising TAM associated to AI-based demand for enterprises.

Citi India fairness technique highlights key sectors

Citi strengthened its thesis on shares together with Axis Financial institution, ICICI Financial institution, M&M, Angel One, CG Energy, Polycab, HUL, Torrent Pharma, GAIL and JSW Cement. Key obese: financials, healthcare, defence and utilities. Key underweight: IT companies, staples and metals. Nifty Dec’26 goal is 27,000.

Axis Capital on fairness provide tendencies

Axis Capital famous Could fairness provide landed at ₹344 billion. Fairness provide is more likely to stay weak within the close to time period with no main IPO deliberate for June.

Jefferies on rising markets positioning

Jefferies noticed EM returns have by no means been extra concentrated. It nonetheless finds AI earnings sturdy however famous momentum as a mode may very well be subdued.