"Markets traded range bound and ended almost unchanged amid mixed cues on Tuesday. We see the recent rebound as a counter move within the corrective trend as Nifty has multiple hurdles to cross to change the tone. Meanwhile, a mixed trend across sectors is offering opportunities on both sides. Participants should align their trades accordingly while keeping a check on position size," said Ajit Mishra, SVP - Technical Research, Religare Broking
TVS Supply Chain, Jio Financial Services, Marksans Pharma, Manappuram Finance, Glenmark Pharma among stocks to watch on Wednesday
TVS Supply Chain Solutions will make its Dalal Street debut on Wednesday (August 23). TVS Supply Chain Solutions was commanding a grey market premium (GMP) of up to Rs 5 per share, suggesting a flat-to-slightly positive listing against its issue price of Rs 197 apiece
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Manappuram Finance shares will trade ex-dividend on August 23, 2023). The company had announced an interim dividend of Re 0.8 per equity share
Marksans Pharma on Tuesday said that the United States Food and Drug Administration (USFDA) had approved its cough-and-cold tablet guaifenesin
Drug firm Glenmark Pharmaceuticals said that it has entered into a pact with the US Department of Justice, Antitrust Division (DOJ) to resolve court proceedings related to the pricing of a drug
Patel Engineering, in a joint venture, has bagged a project worth Rs 1,275.30 crore from Madhya Pradesh Jal Nigam, a government of Madhya Pradesh undertaking. The scope of the contract encompasses works involving engineering, procurement, construction, testing, commissioning, trial run and operation & maintenance for 10 years of Narmada-Gambhir, District Ujjain and Indore Multi-Village Drinking Water Supply Scheme in a single package on ‘Turn-key Job Basis’
Asia Index Private Limited on Tuesday said its index committee has decided to postpone the removal of Jio Financial Services (JFS) from all the S&P BSE indices by another three days. JFS was supposed to be excluded from stock indices from August 24. But since shares of Jio Financial hit their lower circuit limit for two straight days of the three-day period, the exclusion date was deferred
"Negative chart pattern like lower tops and bottoms continued as per daily chart and Nifty seems to be forming a smaller lower top as of now within a narrow range. The repeated testing of immediate supports around 19,300-19,250 levels with lack of strength to sustain the highs could eventually result in a downside breakout of the supports. Further upside from here could find strong resistance around 19,450-19,500 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty has tried to sustain above 44,000 however as the day progressed, it witnessed selling pressure and closed marginally in the red. The pullback towards key hourly moving averages placed in the range 44,000–44,100 is providing stiff resistance. Unless the Bank Nifty manages to sustain above the resistance zone we can expect the selling pressure to continue. On the downside the Nifty Bank Nifty can slip towards 43,500 from short-term perspective," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
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