Market Live: Sensex, Nifty open higher; Tata Motors gains 4%

Market opens: Indian indices opened on positive note on Thursday on the back of mixed global cues.

The Sensex is up 57.54 points at 37172.42, while Nifty is up 15.50 points at 11172.50. About 389 shares have advanced, 232 shares declined, and 40 shares are unchanged. 

J&K Bank, JSW Steel, Tata Steel, Vedanta, Tata Chemical, Tata Motors and Tata Global are among major gainers on the indices, while Indiabulls Housing, BPCL, L&T, Coal India, ITC, HDFC Bank, Manappuram Finance are among major losers.

On the sectoral front, buying seen in the metal, IT, auto and PSU banking stocks.

Rupee Opens: The Indian rupee opened higher at 70.27 per dollar on Thursday versus previous close 70.34.

Market at pre-open: Benchmark indices are trading flat in the pre-opening session.

At 09:01 hrs IST, the Sensex is down 4.23 points at 37110.65, and the Nifty up 49.20 points at 11206.20.

Brokerages View: Source: CNBC-TV18

Credit Suisse on Lupin 

Q4 result is weak; sales miss of 6% & EBITDA miss of 17%

Margin likely impacted by forex loss in other expenses 

Solosec continued to stay weak 

CLSA on Lupin

Sell rating, target cut to Rs 700 from Rs 730 per share

Turnaround some time away & contingent on timely US approvals

Credit Suisse on Edelweiss 

Neutral call, target cut to Rs 170 from Rs 180 per share

2% QoQ loan growth Vs 15% QoQ decline in Q3

Credit Suisse on Jubilant Food

Maintain neutral call; target at Rs 1,350 per share

Q4 adjusted PAT grew 20% YoY, in-line with our estimates

Morgan Stanley on Jubilant Food

Overweight call, target at Rs 1,525 per share

Domino's opened >100 new stores in FY19 & trend should continue in FY20

Store addition will drive > 6% revenue growth in FY20 

Jefferies on Jubilant Food

Maintain buy with a target of Rs 1,450 per share

Lower SSSG made up for by higher than expected store expansion

CLSA on Jubilant Food

Maintain buy call, target cut to Rs 1,500 from Rs 1,600 per share

SSG misses but a higher margin & other income drive earnings Beat

CLSA on Motherson Sumi

Maintain outperform, target cut to Rs 135 from Rs 150 per share

Macro pressures hurt, but PE is at 9-year low Vs peers

Deutsche Bank on Tata Global

Hold rating, target at Rs 240 per share

Merger of consumer product business of Tata Chemicals into company is for long term

Deutsche Bank on Tata Chemicals

Buy rating, target raised to Rs 715 from Rs 695 per share

De-merger unlocks consumer business valuation; buy on 30% upside potential

US markets close higher: Wall Street turned positive on Wednesday following reports that US President Donald Trump would hold off on imposing tariffs on imported cars and parts, easing slowdown fears after downbeat economic data.

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 10 points or 0.09 percent. Nifty futures were trading around 11,172-level on the Singaporean Exchange.

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