Market Wrap-Up: Nifty 50 and Sensex Movement, Top Gainers and Losers, Asian and US Market Updates, Sector Performance – Live Updates

The stock market today saw the Sensex and Nifty 50 ending with mild gains due to profit booking at higher levels. Shilchar Technologies, a top performer for long-term investors, surged 11550% in the last four years, with recent gains of 577% in the past year. Persistent Systems acquired US software company Starfish Associates, boosting its stock sentiment. HSBC Securities predicts a cooling of stock valuations in the power sector post-summer. Bandhan Bank’s share price declined 2% post Q1 business updates.

Multibagger stocks like Suraj Estate and Inox Wind saw significant gains, while paper stocks like JK Paper and Orient Paper surged up to 64% in a month. Arvind’s share price hit a 52-week high, while shipbuilding stocks like Mazagon Docks and Cochin Shipyards rallied up to 9%. Lupin’s share price jumped 5% after Kotak upgraded the stock, and Kaya shares hit the upper circuit limit on a partnership with Marico.

Gold prices are expected to be under pressure in the near term, according to expert Sachin Kothari. Bajaj Finance saw gains as AUM spiked 31% and new loan bookings grew 10% YoY in Q1. Stocks like HUDCO and Castrol India are recommended by experts for buying. The Indian stock market continues its record-high momentum, with the Sensex opening above 80,300.

Overall, the market outlook remains positive, with experts recommending various stocks for buying or selling. The GenZ investor group on NSE has doubled, indicating a growing interest in the markets among young investors. Stay tuned for more updates on the market trends and top stock recommendations.