“Markets have been maintaining a positive tone amid consolidation, thanks to upbeat global cues and selective buying across sectors. The existence of multiple supports at 19,500 in Nifty is further adding to the confirmation. We thus reiterate our view to look for buying opportunities on dips and avoid contrarian trades,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd
“Markets started the week on a positive note and gained over half a percent, tracking supportive global cues. This rebound is largely on the expected lines but we need sustainability above 19,850 in Nifty to resume the uptrend,” said Ajit Mishra, SVP - Technical Research, Religare Broking. Maruti Suzuki, Bharti Airtel, Adani Green Energy, Jet Airways, Adani Total Gas among stocks to watch on Tuesday
Shares of Adani Total Gas will be in focus after the Adani Group firm reported a 9% rise in net profit for the June 2023 quarter. Adani Total posted a net profit of Rs 150.2 crore in Q1 of this fiscal against Rs 138.4 crore profit during the quarter ended June 2022. Revenue climbed 1.3% to Rs 1,056 crore in Q1 against Rs 1,042 crore during the quarter ended June 2022
Engineers India bagged an order from ONGC for revamping of SV stations, gas terminal and Kribhco terminal at Hazira plant on EPC reimbursable basis. “Oil and Natural Gas Corporation Limited (ONGC) has awarded the project for revamping of SV Stations, Gas Terminal & Kribhco Terminal of ONGC, Hazira Plant on EPC reimbursable [Open Book Estimate (OBE)] basis to Engineers India Limited,” it said in a regulatory filing
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Tata Motors' sales in the domestic and international market for July 2023 stood at 80,633 vehicles, a fall of 1.4% as compared to 81,790 units during July last year. Domestic sales for the said month came at 78,844 against 78,978 vehicles in July 2022, the carmaker stated in a release on Tuesday
L&T Construction’s heavy civil infrastructure business vertical has bagged multiple orders from Rail Vikas Nigam Limited (RVNL). “An order has been received from Rail Vikas Nigam Ltd (RVNL), for the design and construction of an Underground Metro Project in connection with Joka – Esplanade Metro Corridor in the city of Kolkata,” it said in a regulatory filing
Titan Company, Interglobe Aviation, Mankind Pharma, Adani Wilmar, Aditya Birla Capital, Indian Overseas Bank, Godrej Properties, Hindustan Petroleum Corporation, Gujarat Gas, Sapphire Foods India, VIP Industries, Quess Corp, Paradeep Phosphates, Orient Electric, MAS Financial Services, Strides Pharma, Sigachi Industries, GPT Infraprojects, Lyka Labs, Hindustan Motors, Surana Solar, NRB Industrial Bearings, and more
Bajaj Consumer, CRISIL, Data Patterns, L&T, Powergrid InvIT, Share India Securities, Menon Pistons, TD Power Systems, Hawkins Cookers, Dynamic Cables stocks to trade ex-dividend on Wednesday (August 2)
"Nifty corrected minorly on August 1. However the recent minor uptrend does not seem to be under threat. 19,867 – 19,646 could be the band for the Nifty in the near term," said Deepak Jasani, Head of Retail Research, HDFC Securities
“Bank Nifty managed to retrace only 50% of the previous fall from 46,310 – 45,238 and again faced selling pressure on Tuesday. Considering that the hourly momentum indicator has reached the equilibrium line, we expect that the pullback has matured and is ready for the next leg of the down-move. We expect the Bank Nifty to drift lower to 45,000 over the next few trading sessions," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
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