Domestic benchmark indices are likely to open on a cautious note on Tuesday, as investors await the kick start of the earnings season later this week. For Tuesday, all eyes would be on stocks such as JSW Steel, Cipla, Paytm
The steel manufacturer reported a 7% (QoQ) and 13% (YoY) rise in crude steel production for the quarter ended March 2023. JSW Steel reported its highest ever quarterly consolidated crude steel production at 6.58 million tonnes for Q4 FY23 on a yearly basis
The pharma firm has received final approval from US FDA for manufacturing and marketing of Azithromycin Tablets USP, 500 mg. Azithromycin Tablets clocked annual sales of $20 mn in the United States
Ajmera Realty & Infra India has reported its best ever yearly sales performance clocking 93% growth in FY23
Cipla has signed a perpetual license agreement with Novartis Pharma AG (Switzerland) on April 10, 2023 to manufacture and market Galvus and Galvus combination brands, used in the treatment of type 2 diabetes from January 1, 2026
The energy major has announced a reduction in prices of domestic piped natural gas (PNG) and compressed natural gas (CNG) in line with the new gas pricing mechanism
The digital payments platform saw 20.46 lakh shares (0.34% equity) worth Rs 133.92 crore change hands at an average price of Rs 657 per share on Monday
Torrent Power has pipped Reliance Industries to emerge as the lowest bidder for supply of 1,100-megawatts of gas-based power supply sought by the government to meet anticipated record demand in the summer
“Nifty remained has maintained its position above a breakout zone on the daily chart. The momentum oscillator RSI is in bullish crossover and rising. It is a buy-on-dips market, as long as Nifty sustains above the 17,500 level,” said Rupak De, Senior Technical Analyst at LKP Securities. This analyst sees immediate resistance at 17,700
“If Nifty Bank fails to sustain above the level of 41,200, it can witness some profit booking towards 40,600-40,500 levels,” said Kunal Shah, Senior Technical Analyst at LKP Securities. The upper resistance, if taken out, will lead to further short covering towards the 42,000 level, Shah said
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