At pre-open, the NSE Nifty 50 was 0.19% or 44.70 points higher at 22,977.
15. The S&P BSE Sensex was 0.26% or 194.
90 higher at 75,585.40. Motilal Oswal maintained a 'Neutral' rating on National Aluminum Co.
with a target price Rs 180, which implied a 6.8% downside. In Q4, NALCO recorded exceptional income of Rs 430 cr from royalty expense reversal KABIL JV's exploration deal strengthens NALCO's market presence, diversifies product range Full capacity operation expected over next two years Next growth phase likely post May 2025 with additional 1mt stream of alumina refinery The yield on the 10-year bond opened flat at 6.
9%. It closed at 6.9% on Friday.
Source: Cogencis The local currency opened flat at 83.13 against the U.S dollar.
It closed at 83.14 on Monday. Source: Bloomberg Jefferies maintained a 'Hold' on JK Lakshmi Cement Ltd.
with a target price Rs 905 from Rs 940 earlier. The target price implied a 13% upside. Q4 EBITDA was a beat driven by lower costs Volumes are weak, realisations are in-line Co delivered second quarter of Rs.
1,000+ unit Ebitda but weak vol growth Co scaling up capex to 12-1,600 crore vs 300-1,000 crore in the last decade Tweak FY25-26 estimates by 1-2% to reflect pressure US Dollar Index at 104.47 US 10-year bond yield at 4.46% Brent crude up 0.
12% at $83.20 per barrel Nymex crude up 1.38% at $78.
79 per barrel Bitcoin was down 1.22% at $68,744.63 The GIFT Nifty was 8.
5 points or 0.04% down at 23,017.00 as of 07:57 a.
m. The brokerage maintains 'buy'.
