Sensex, Nifty open flat near 79,800 and 24,300 as US stocks drift near records. Mazagon Dock buy call at ₹2,574 with ₹2,750 target. Oil rises on Strait of Hormuz uncertainty.
Indian equity benchmarks opened flat on Tuesday, tracking a mixed session on Wall Street where the S&P 500 hovered near its all-time high. The Sensex traded around 79,800 while the Nifty 50 hovered above 24,300, with gains in financials offsetting mild profit-taking in IT stocks.
US stocks drifted Monday, with the S&P 500 slipping 0.1% after flipping between small gains and losses near its record close from Friday. The Dow Jones Industrial Average fell 133 points (0.3%) and the Nasdaq composite lost 0.4%. Oil prices rose on uncertainty about when the Strait of Hormuz could reopen and restore global crude flows.
On the domestic technical front, chartists flagged Mazagon Dock Shipbuilders as a buy at ₹2,574 with targets of ₹2,680 and then ₹2,750 in coming weeks. A breakout above ₹270 on the Nifty Futures was cited as a trigger for a rally toward ₹290, though a minor hurdle exists at ₹275.
Among widely traded stocks, traders tracked key intraday support and resistance levels on Reliance Industries, INFY stock page, HDB stock page, TCS and SBI.
Proprietary AlphaScala data scores Infosys (INFY) at 57/100 (Moderate) and HDFC Bank (HDB) at 36/100 (Mixed), both in the Financial Services and Technology sectors respectively. market analysis
Prepared with AlphaScala editorial tooling from the source reporting linked above. Indexable analysis may include a cited Alpha Score value. Publishing checks screen each story before release. Educational coverage, not personalized advice.