“With Fed Chair Powell's speech and more macro data lined up globally next week, we expect domestic as well as global markets to remain under pressure. Also, RBI would release its meeting minutes on Thursday. However, action is likely to continue in the broader market along with sectorial rotation. Index heavyweight Reliance would be in focus as Jio Financial Services is set to be listed on Monday,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
“Though we are seeing resilience in select pockets, we feel it is prudent to book some profits off the table and maintain a few shorts also,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd. Jio Financial Services (JFS), Reliance Industries (RIL), M&M, Adani Energy Solutions among stocks to watch on Monday
Jio Financial Services (JFSL) shares, which was recently demerged from parent Reliance Industries (RIL), will get listed on stock exchanges on August 21. Recently eligible shareholders of RIL as of the record date of July 20 had got JFSL shares in their Demat accounts in the 1:1 ratio
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Reliance Industries (RIL) shares will trade ex-dividend on Monday (August 21, 2023). The company had announced a final dividend of Rs 9 per equity share
Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime by erstwhile Mahindra Vehicle Manufacturers Ltd, which has since been merged into it
The Jalan Kalrock Committee has sought an extension to make payments to the Committee of Creditors of bankrupt airline Jet Airways. NCLAT has asked the JKC to file an application stating the conditions for seeking an extension to make the payments. The committee has said that it will deposit Rs 100 crore by August 31, and Rs 100 crore by September 30 and the CoC can encash bank guarantee of Rs 150 crore immediately
Pfaudler Inc. has sold 60,94,817 equity shares representing 13.56% of equity share capital of GMM Pfaudler via block deals, the glass-lined equipment manufacturer. Pfaudler Inc. is held by private equity fund DBAG Fund VI
Adani Group firm Adani Energy Solutions on Friday refuted a report saying Abu Dhabi's TAQA may invest up to $2.5 billion in the conglomerate's power units. "We wish to clarify that the Company is not engaged in any discussion with Abu Dhabi National Energy Co. PJSC (TAQA), for their investment in the Company," said Adani Energy Solutions
"The short-term trend of Nifty continues to be weak with range bound action. There is a possibility of downside breakout of the immediate support of 19,250 levels and the Nifty could slide down to another base area of 19,100-19,000 levels in the near term. Any upside bounce could find resistance around 19,400 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty has reached the 20-week moving average (43,800) and hence the fall may not be severe from current levels. The trend is still negative however, oversold and we can observe divergence on the hourly charts however it needs to be confirmed by the price. Until the Bank Nifty trades below 44,000, we can expect the weakness to continue. On the downside, it can slip towards 43,500," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position