MCX Share Price
Stock Market Today: Friday turned out to be one of the worst days for the markets in a while. The Sensex and Nifty 50 kept slipping for the sixth day in a row on September 26, Yes! talk about a serious meltdown!
The fresh US tariffs on pharmaceuticals and heavy selling by foreign investors really shook confidence, leaving the markets looking shaky.
The Sensex tanked 733 points (nearly a 1% drop!) to close at 80,426.46, while the Nifty fell 236 points, or 0.95%, ending at 24,654.70. Over the week, both indices lost around 2.65%. Ouch.
With such a rough finish to the week, Monday’s market will probably start with a cautious mood. Traders will be on edge, wondering if the slide continues or if there’s a chance to bounce back. Buckle up, this rollercoaster isn’t over yet!
Here’s what the experts are saying about the Nifty 50 this week: After breaking above 25,200–25,300 and almost hitting 25,500, the index took a sharp dive, thanks to heavy profit booking and worries over new U.S. tariffs on pharma.
What is the good news in all these dips? The 24,300–24,400 zone, a strong support area, is holding up well.
Nifty slipped below 25,000 but is now eyeing the next support at 24,600. If it stays above that, we might see a bounce back toward 25,000. The week ended with Nifty down 2.85%, with tech and pharma sectors feeling the heat.
Traders and investors are adviced to keep an eye on Monday!
National Aluminium Co (NALCO)
Buy Range: ₹198–₹202
Stop Loss: ₹190
Target Price: ₹215
Rationale: Strong fundamentals and bullish setup in the metals sector.
Tata Motors
Buy Range: ₹672–₹675
Stop Loss: ₹655
Target Price: ₹700
Rationale: Positive momentum in the auto sector; strong domestic and EV growth.
Sri Lotus Developers & Realty Ltd
Current Price: ₹195.75
Target Price: ₹250
Upside Potential: ~27.7%
Rationale: Motilal Oswal initiated coverage with a ‘Buy’; strong real estate growth outlook.
Bajaj Auto Ltd
Current Price: ₹8,970
Target Price: ₹9,500
Upside Potential: ~5.9%
Rationale: Industry leader; strong export demand and consistent financial performance.
Adani Energy Solutions Ltd (formerly Adani Transmission)
Watchlist Stock
Rationale: Strong potential in power and infrastructure; monitor for breakout and volume before entry.
1. National Aluminium Co (NALCO)
Buy Range: ₹198–₹202
Stop Loss: ₹190
Target Price: ₹215
2. Patanjali Foods
Buy Range: ₹588–₹592 (corrected from ₹888)
Stop Loss: ₹580
Target Price: ₹610
3. Tata Motors
Buy Range: ₹672–₹675
Stop Loss: ₹655
Target Price: ₹700
(With Inputs From various sources)
(Note: The information provided is for educational purposes only and should not be considered as investment advice. Investing in the stock market involves risks, and it is crucial to conduct your research and make informed decisions.)
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Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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