“We expect market to consolidate with a positive bias in the near term, before taking flight to record high levels. All eyes will be on the FOMC meeting minutes, which will give some insights into the US FED’s future course of action,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
“The last two days of move in the index shows that bulls are not in the mood to loosen their grip and we have more legs to this up move,” said Ajit Mishra, SVP - Technical Research, Religare Broking. IDBI Bank, Bajaj Auto, L&T, Maruti Suzuki among stocks to watch on Thursday.
Shares of IDBI Bank will trade ex-dividend on Thursday. The company had declared a final dividend of Rs 1 per equity share
Shares of realty firm Macrotech Developers will be in focus after the company reported a 17% increase in sales bookings at Rs 3,350 crore in Q1FY23, and added five new land parcels to develop projects with sales potential of around Rs 12,000 crore
Godrej Consumer Products Limited reported double-digit volume growth in its India business in Q1FY23 with double-digit volume growth recorded in home care segment and higher than mid-single digit volume growth in personal care
Taking the wraps off the Bajaj-Triumph Speed 400 and Scrambler 400 X, Bajaj Auto finally revealed the price in India on Wednesday. Bajaj-Triumph Speed 400 comes with a starting price of Rs 2.33 lakh (ex-showroom). The motorcycle will be available in the country by the end of this month. The price of Scrambler 400X will be announced later, and it will be up for sale in October later this year
Maruti Suzuki launched its much-anticipated multi-purpose vehicle (MPV) Invicto on July 5. Its price starts from Rs 24.79 lakh and goes up to Rs 28.42 lakh. Its shares crossed the Rs 10,000 mark for the first time in the previous session
Larsen & Toubro on Wednesday announced that its buildings and factories fast business under the construction vertical L&T Construction has bagged a 'significant order' for developing an office space in Mumbai
“The overall uptrend status of Nifty remains intact. Though market placed at new highs, the selling pressure has not been emerging from near the hurdle. If such a pattern continues for the next 1-2 sessions, without showing any further damages, then that could eventually result in a sharp upside bounce in the market. Immediate support is at 19,300 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
"If Bank Nifty index breaks below the support level of 45,000, it is likely to witness further downside towards 445,00 and potentially lower. On the other hand, if the index manages to surpass the level of 45,500 on a closing basis, it will indicate strength and may lead to further upside towards the 46,000 level," 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