Market Live

Sudarshan Sukhani

- Buy Larsen & Toubro with a stop loss of Rs 1,447, target at Rs 1,484

- Buy Bajaj Auto with a stop loss of Rs 3,020, target at Rs 3,085

Mitessh Thakkar

- Sell Bosch with a stop loss of Rs 17,200, target at Rs 16,000

- Buy Hero MotorCorp with a stop loss of Rs 2,660, target at Rs 2,750

Prakash Gaba

- Buy Bajaj Auto with a stop loss of Rs 3,000, target at Rs 3,120

- Buy IndusInd Bank with a stop loss of Rs 1,450, target at Rs 1,650

Deutsche Bank on Elections

- If exit polls hold, it should help equity market performance in near-term

- If exit poll holds, it augurs well for a gradual revival in domestic earnings growth

- See a favourable scenario for leveraged cos, domestic cyclicals and investment-linked companies

Jefferies on Elections

- Expect a strong post-election rally if the current government returns

- Believe close to $10 billion of projects should be awarded once new Cabinet is formed

- Road execution per day up from 11 km in 2014 to 30 km in 2019

CLSA on Elections

- Exit polls seem to indicate a much stronger mandate

- Optimism of a stable government is reflected in Nifty

- If exit poll predictions are right, more outperformance is ahead

Wipro: The IT major said the blockchain-based solution for Travacoin to enable digital currency-based payments for the airline industry.

HDFC Bank: HDFC Bank said it has approved the sub-division Of equity shares Of the bank in 1:2 ratio.

Bank of Baroda: State-owned Bank of Baroda (BoB) on Wednesday reported a net loss of Rs 991 crore for the fourth quarter ended March 2019 on higher bad loan provisions.

Optimism in the Indian equities has been on a rise amid hopes of Narendra-Modi-led NDA returning to power in the 2019 Lok Sabha elections. Exit polls have also indicated the same with the final results due on Thursday and analysts have also already factored in the win. Brokerage house Jefferies said that a decisive majority for the current government (NDA) would be viewed as the better outcome. It added that defence, roads, and renewable energy saw a pick-up in announcements and execution post-2014 elections. 

The Reserve Bank of India (RBI) on Wednesday maintained that the age limit for chief executive officers (CEO) and managing directors (MD) of private banks won't be increased from the current 70 years, sources privy to the development told CNBC-TV18.

Oil prices dipped on Thursday, extending bigger falls from the previous session, as surging US crude inventories and weak demand from refineries weighed on markets. However, oil markets still remain relatively well supported by supply cuts led by the OPEC producer cartel and by political tension in the Middle East.

Asian shares were stuck in the red on Thursday amid worries the Sino-US trade conflict was fast morphing into a technology cold war between the world's two largest economies. Late Wednesday, Reuters reported the US administration was considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country's treatment of its Uighur Muslim minority, according to a person briefed on the matter.