“All eyes will be on the US FOMC meeting, where another rate increase is expected. Fed’s commentary will also be important, as this would provide some cues towards the Fed's stance going forward. Domestically, monthly FNO expiry along with a slew of corporate earnings, could keep the market a bit volatile,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Financial Services
“Markets edged higher and gained half a percent, taking a pause from the recent slide. This bounce shows that bulls are not in mood to loosen their grip,” said Ajit Mishra, SVP - Technical Research, Religare Broking. Bajaj Finserv, Netweb Technologies, Bharat Electronics, Nestle India, Axis Bank among stocks to watch on Thursday
A Mahindra Group entity has reportedly picked approximately 4% stake in RBL Bank through open market trades. Mahindra Group is keen on increasing its stake in RBL Bank to 15-25% if it gets the approvals to be a strategic shareholder of RBL Bank, the report stated
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Bajaj Finance on Wednesday reported a 32% YoY rise in net profit at Rs 3,437 crore compared with Rs 2,596 crore in the same quarter last year. Net interest income (NII) for the quarter rose 26% YoY to Rs 8,398 crore compared with Rs 6,640 crore in the corresponding quarter last year
Axis Bank on July 26 reported a 40% rise in net profit to Rs 5,790 crore for the April-June FY24 quarter from Rs 4,125 crore last year. The bank’s net interest income (NII) grew 27% YOY to Rs 11,959 crore. Net interest margin (NIM) for Q1FY24 stood at 4.10%, up 50 bps YOY
Netweb Technologies is anticipated to deliver impressive results on its listing day, July 27. This can be attributed to strong subscription numbers during the IPO, healthy financials with improved operating margins, and its specialised focus on the niche business segment of high-end computing solutions. According to analysts, the expected listing price may command a premium of 70-85% over the issue price of Rs 500 per share
Tata Group's fast-moving consumer goods (FMCG) arm Tata Consumer Products Ltd (TCPL) on Wednesday reported a 22.1% YoY increase in net profit at Rs 337.7 crore for the first quarter that ended June 30, 2023. In the quarter, revenue from operations stood at Rs 3,741.2 crore during the period under review, up 12.5% YoY
Bajaj Finserv, Nestle India, Bharat Electronics, Bajaj Holdings & Investment, CG Power and Industrial Solutions, Indus Towers, Sona BLW Precision Forgings, Nippon Life India Asset Management, Ajanta Pharma, Blue Dart Express, Westlife Foodworld, Birlasoft, Intellect Design Arena, Saregama India, Ujjivan Small Finance Bank, Supreme Petrochem, Latent View Analytics, and more
Akzo Nobel, ASM Technologies, Automotive Axles, Bhagiradha Chemicals & Industries, Deepak Nitrite, Prataap Snacks, Dollar Industries, Hatsun Agro Product, Hero MotoCorp, Indag Rubber, JK Tyre, Maan Aluminium, Pidilite Industries, Pradeep Metals, Punjab Chemicals, Rajratan Global Wire, Ratnamani Metals, Shree Ajit Pulp and Paper, Saregama India, Ultratech Cement stocks will be trading ex-dividend on Thursday
"Minor downward correction of the last few sessions seems to have completed and the market is now shifted into an upside bounce. A decisive move above 19,850 is likely to open doors for higher target of 20,050 in the near term. Immediate support is at 19,600 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty Index is undergoing consolidation ahead of the FOMC meeting. The support level at 45,600 and resistance level at 46,400 are crucial levels to watch, as a breakout on either side on a closing basis could lead to a decisive directional move in the index," 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