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News Topical, Digital Desk : After yesterday's explosive rise, the stock market (Stock Market Today) is getting negative signals from Gift Nifty today. Around 7.15 am, Gift Nifty (Gift Nifty Today) is at 23,994 with a decline of 105 points or 0.44 percent.

The main reason for the rise on Wednesday was the ceasefire between Iran and America (Iran-US Ceasefire), which made the sentiment of investors positive. But in the evening, the risk of the ceasefire breaking increased due to the attacks by Israel on Lebanon, on which Iran threatened to retaliate. If the ceasefire breaks, it will be negative for the stock market.

Meanwhile, Iran has announced to close the Strait of Hormuz again, after which the crude oil prices (Crude Oil Price Today) are seeing an increase today. WTI crude jumped 2.58 percent to $96.84 and Brent crude rose 2.15 percent to $96.79 per barrel.

What is the technical outlook?

Analysts say that the stock market will remain positive going forward if it remains above the 20-day EMA and Wednesday's bullish gap area. The current rally could take the Nifty towards the 24,300 and 24,700 levels in the coming sessions. Meanwhile, let's explore which stocks may see movement today.

The quarterly results of these companies will be announced today - Tata Consultancy Services, Anand Rathi Wealth, GM Breweries and Rajputana Stainless.

KEC International - The company has received orders worth Rs 2,518 crore in civil, transportation and distribution, and cable and conductor segments.

Lupin - The company has received approval from the United States Food and Drug Administration (US FDA) for Dapagliflozin and Metformin Hydrochloride Extended-Release Tablets. These tablets are available in strengths of 5 mg/500 mg, 5 mg/1,000 mg, 10 mg/500 mg, and 10 mg/1,000 mg.

RITES - The company has been awarded an engineering and project management consultancy (PMC) contract from National Aluminum Company (NALCO) for the construction of a railway siding at Sankarjung in the first phase for the Utkal-D coal mines. The contract value has been increased from ₹79.73 crore to ₹118.89 crore.

NHPC - The Cabinet Committee on Economic Affairs (CCEA) has approved the construction of the 1,720 MW Kamala Hydro Electric Project (HEP) in Kamle, Kra Dadi and Kurung Kumey districts of Arunachal Pradesh with an investment of Rs 26,069.50 crore. The estimated completion time of the project is 96 months.

NTPC - The company has signed a non-binding Memorandum of Understanding (MoU) with Électricité de France (EDF) to explore possibilities of collaboration in developing new nuclear power projects in India.

Redtape – The company has acquired international sports footwear brand Sprandi for India, Nepal, Bhutan and Sri Lanka.

Bosch - The board has approved the acquisition of Bosch Chassis Systems India (RBIC) by the company from its existing shareholders - Robert Bosch Investments Netherlands BV (RBNI), Netherlands, and Robert Bosch LLC, USA - for 100 per cent stake for Rs 9,068.68 crore.

Poonawalla Fincorp – The company may launch a QIP issue to raise funds up to ₹5,000 crore for its growth.


Read More: Gold-Silver Rate Today: What is the price of 24-carat gold today? Check the rates for 22- and 18-carat gold as well.

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