Top Market Headlines: Sensex at 60,000 Nifty reclaims 18000, Maruti zooms while Paytm gets punished

Sensex soars back to 60,000 and Nifty reclaimed 18000 in trade as bulls take early charge on Monday as the run-up to the Union Budget 2022-23 continues.

Here are the top market headlines and stocks making the move-:

• Maruti: Biggest gainer on the Index as a strong launch line-up seems to be enthusing the market. Reports indicate India's biggest car maker has lined up more than half a dozen launches this year.

• Realty rises: Expectations of sops in the upcoming Union Budget is keeping real estate stocks buoyed. The industry has asked for an increase in homebuyers’ tax benefits limit from the FM

• KPIT Tech: This stock continues it's one way ride, up 10 times since it's pandemic lows. Goldman Sachs initiated coverage with a BUY and sees a 75% upside still in the stock.

Also Read: Budget 2022: From classification to taxes will cryptocurrency finally get clarity?

• Paytm: Trading already a record low , Macquarie continues ‘Underperform’ rating on the payments stock and cut its target price by 25% to Rs 900 apiece vs current price of ~ Rs 1200/share

• SBI Cards: Stock under pressure as Goldman Sachs initiates coverage with a Sell call on the stock with a target of Rs 695/share. This marks a 30% downside from current price.