Sensex Today | Stock Market LIVE: Auto, Metal, Realty Gain; IT, Bank Stocks Slip

• Sector Performance: Auto, metal, and realty indices up 0.5%, while banking and IT indices down 0.5%.
• Top Gainers (Nifty): HDFC Life, Bharat Electronics (BEL), Hero MotoCorp, Tata Motors, Reliance Industries.
• Top Losers (Nifty): Infosys, NTPC, HCL Tech, Shriram Finance, Tech Mahindra.
• Midcap & Smallcap: BSE Midcap index flat, while Smallcap index gains 0.6%.

JPMorgan’s Take on BEL: ‘Overweight’ Rating, Target ₹343

📌 20% correction from peak presents a strong buying opportunity.
📌 India’s rising defense capex supports structural growth for BEL.
📌 BEL remains the most diversified and consistent defense play.
📌 Strong FY24-FY27 projections: Revenue, EBITDA, and PAT CAGRs of 15%, 17%, and 16%, with 25%+ avg ROE.
📌 BEL trades at a P/E of 36x for FY26 and 31x for FY27.
📌 High probability of BEL announcing ₹120 billion in orders by March 31, acting as a near-term stock catalyst.