Benchmark indices are close to their lifetime highs. It will not be a smooth one-way rally, with intermittent hiccups such as interest rate uncertainty, global economic slowdown, and inflation woes likely to play spoilsport in the near to medium term, as per Shrikant Chouhan, Head of Research (Retail), Kotak Securities
Nifty has now formed a bullish piercing pattern, according to share market analysts. CEAT, Bank of India, Coal India, Oberoi Realty, Polycab India, Adani Enterprises among stocks to watch on Wednesday
IIFL Securities is planning to move to the Securities Appellate Tribunal (SAT) against SEBI’s order that banned the broking house from onboarding new clients for two years. The order does not affect the company's existing business with the existing clients, IIFL Securities said in a regulatory filing
The government will sell up to 92.44 lakh shares or 0.15% stake in Coal India to its employees at a price of Rs 226.10 a share. "The employee OFS (Offer for Sale) shall remain open from June 21, 2023, to June 23, 2023," Coal India said in a stock exchange filing
Shares of Oberoi Realty and Polycab India will trade ex-dividend on Wednesday. The companies had announced a dividend of Rs 4 and Rs 20 respectively
The Adani Group is reportedly in discussions to rope in at least five new international banks as it looks to refinance $3.8 billion of loans of varying tenors taken for the acquisition of ACC Limited and Ambuja Cement last year. As per reports, the majority of Adani's existing lenders, including Standard Chartered, Barclays and Deutsche Bank will participate in the refinancing round
Shares of Gulshan Polyols, Indiamart Intermesh, which have given multibagger returns to investors in the last few years, are set to trade ex-bonus on Wednesday. Both companies fixed June 21 as the record date to determine the eligibility of the shareholders for the bonus issue
Shares of Panasonic Carbon India, Supreme Industries will trade ex-dividend today. The companies had announced a final dividend of Rs 2.5 and 1.4 per equity share respectively
Shares of Shree Digvijay Cement, Vimta Labs will trade ex-dividend on Wednesday. The companies had announced a final dividend of Rs 2.5 and Rs 2 per equity share respectively
“Nifty has respected the trend line support around 18,660 levels and witnessed a steady rebound. This move shows that bulls are in control and the tone would remain positive till it holds 18,550. Traders should align their positions accordingly but suggest keeping a check on the size of positions citing intermediate choppiness,” said Ajit Mishra, SVP - Technical Research, Religare Broking
“Bank Nifty index is trading within a broad range between 43,400 and 44,000. A breakout on either side of this range is likely to result in trending moves. As long as the support level of 43,400 is held, a buy-on-dip approach is suggested. Once the index surpasses the level of 44,000 it will witness sharp short covering on the upside towards 45,000 levels,” 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