"Market is moving in a range and we expect this trend to continue given the data-packed week and monthly derivatives expiry. Further, consistent selling by FIIs and poor monsoon in the month of August raised concern among investors, thus keeping the upside limited," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
“The recent stability on the global front is prompting this pause but the tone is still negative. We reiterate our view to stay stock-specific and keep a check on leveraged trades.,” said Ajit Mishra, SVP - Technical Research. CMS Info Systems, Tanla Platforms, LTIMindtree among stocks to watch on Wednesday
Shares of CMS Info Systems will trade ex-dividend on Wednesday, (August 30). The company has announced a dividend of Rs 4.75 per equity share
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Shares of Tanla Platforms will trade ex-dividend on Wednesday, (August 30). The company has announced a dividend of Rs 4 per equity share
Shares of Ion Exchange will trade ex-dividend on Wednesday, (August 30). The company has announced a dividend of Rs 1.25 per equity share
LTIMindtree has announced a strategic collaboration with CAST AI, a leading SaaS company that specialises in automated cost optimization for customers who run their cloud-native applications on Google Cloud, AWS, and Microsoft Azure. This collaboration brings together LTIMindtree’s Infinity platform, with CAST AI’s cloud cost optimisation platform to provide enterprises with a complete view of their cloud portfolio
Billionaire Anil Agarwal’s Vedanta Resources Ltd. said it has started an exercise to identify its dollar bondholders, as the miner prepares to repay about $2 billion of notes next year, a record annual amount for the company. Vedanta has engaged a corporate advisory firm Morrow Sodali to identify owners of notes that mature in January 2024, August 2024 and March 2025
"The short-term trend of Nifty remains choppy. The market could encounter strong resistance around 19,450-19,500 levels in the next 1-2 sessions. A break below the immediate support of 19,250 could drag Nifty down to the crucial lower supports of 19,100-19,000 levels in the near term," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“The Bank Nifty index remains engaged in a struggle between bulls and bears, resulting in a phase of sideways trading. The option data reflects a broad range, with notable open interest concentrations at both the 44,000 put option and the 45,000 call option. In terms of immediate technical levels, the index faces a resistance obstacle at 44,650. A decisive breach above this level is anticipated to ignite a fresh upward movement, potentially steering the index towards the 45,000 mark," said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
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.