Sensex surges 887 pts amid global rebound as Omicron fears wane : Rashtra News Market benchmarks made an emphatic comeback on Tuesday after a two-session sell-off, in tandem with a recovery in global equities as worries over the Omicron variant receded. According to experts, world markets heaved a sigh of relief after initial studies showed
BSE 500 stocks such as Paytm, Gujarat Gas, RCF, La Opala, Prestige Estates, MMTC, RHIM, LTTS and Fortis cracked up to 8.82 per cent. In contrast, KIOCL, Elgi, NBCC, SJVN, Nesco, National Aluminium and Solar Industries jumped up to 5.22 per cent.
CLSA and Axis Securities have raised their target prices for HDFC Bank, while fund manager Saurabh Mukherjea believes the bank s valuations are attractive. Despite concerns about deposit growth, Mukherjea remains confident in the bank s solid operational performance and sees potential for further investment. Marcellus, the firm managed by Mukherjea, has significant investments in HDFC Bank.