“We expect the market uptrend to continue with stock-specific action. Global cues were weak due to the release of hawkish minutes of the Federal Reserve’s June meeting. Investors will keep an eye on US non-farm payroll, and unemployment data, which would be released on Friday,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Foreign investors continue to provide unwavering support to the domestic market, helping to sustain the ongoing rally despite weak global cues. Adani Enterprises, ACC, Adani Total Gas, Bharat Forge, Biocon among stocks to watch on Friday
ideaForge shares will make their share market debut today. "The GMP for Ideaforge's IPO is currently around 75%, which means that we can expect the stock to list at around Ra 1,182 per share. This is a significant premium over the IPO price band of 638–672. The IPO was very well received by investors, with the issue being subscribed to more than 106 times," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart Ltd.
Adani Group's ACC and Ambuja Cements will be in focus as the companies' shares will trade ex-dividend on Friday. The cement companies had announced a dividend of Rs 9.25 and Rs 2.5 per share, respectively, along with their Q4FY23 results
Adani Enterprises and Adani Total Gas shares will trade ex-dividend today. The companies had declared a dividend of Rs 1.2 and Rs 0.25 per share along with their Jan-March quarterly result
Shares of auto maker Ashok Leyland, and Bharat Forge will trade ex-dividend on Friday, July 7, 2023. While Ashok Leyland had announced a final dividend of Rs 2.6 per share, Bharat Forge had declared a final dividend of Rs 5.5 per share with its Q4FY23 results
Shares of Biocon and Care Ratings will also trade ex-dividend today, July 7. The companies had announced a dividend of Rs 1.5 and Rs 3 respectively. Care Ratings shares will also trade ex-dividend as the company has announced a final dividend of Rs 3
Shares of Axis Bank will trade ex-dividend on Friday, July 7, 2023. The private lender had announced a final dividend of Rs 1 per share with its Q4FY23 results. Shares of Delta Corp, which announced a dividend of Rs 1.25 per share, will also trade ex-dividend today
Share of L&T Technology Services, Happiest Minds Technologies, and Mawana Sugars will be in focus as they trade ex-dividend on Friday. The companies had announced a dividend of Rs 30, Rs 3.4 and Rs 3 per share, respectively
“The overall trend appears positive as Nifty comfortably sits above a key short-term moving average (50DMA). The immediate resistance is visible at 19,500; a decisive breakout above 19,500 may take the index towards 19,725. Support on the lower end is pegged at 19,350-19,300,” said Rupak De, Senior Technical analyst at LKP Securities
“Bank Nifty has shown a resilient performance as the bulls managed to hold the support level of 45.000, which is considered a crucial make-or-break level for the index. The bears have been active around the 45,500 level. However, if the index successfully surpasses this level on a closing basis, it is likely to witness further upward movement toward the 46,000 level. Given the overall bullish undertone, it is advisable to adopt a buy-on-dip approach as long as the mentioned support level of 45,000 is held," 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