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Stock Market LIVE: Nifty hinges on HDFC Bank, IT; Bajaj Fin target raised by JPMorgan
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CNBC TV18•05-10-2026, 07:35
Stock Market LIVE: Nifty hinges on HDFC Bank, IT; Bajaj Fin target raised by JPMorgan
- •Nifty's direction this week will be heavily influenced by HDFC Bank and IT stocks, following a long weekend.
- •HDFC Bank's stronger business update and new MD & CEO are expected to provide positive momentum.
- •Strong results and guidance from Accenture, coupled with a positive read-through from Wall Street, could boost IT stocks.
- •Bulls aim for Nifty to move above 22,500 towards the 22,750 - 22,800 zone, hoping 22,217 is not retested.
- •Nifty Bank is a key index to watch, with numerous Q2 business updates from constituents like Yes Bank and Canara Bank, alongside HDFC Bank.
Key Questions Answered
GIFT Nifty is trading 110 points above. Meanwhile, JPMorgan has raised its target price for Bajaj Finance.
For the Nifty, bulls hope last Thursday's low of 22,217 is not retested, while moving above 22,500 is key to head toward the 22,750-22,800 zone. For Nifty Bank, 55,000 serves as the key upside target and Friday's low of 54,066 acts as strong support.
The lock-in periods for DMart, Bajaj Finance, Bajaj Housing, and 10 other companies are ending today alongside business updates from major constituents like HDFC Bank.
