"We expect the overall positive momentum to continue especially in the large-cap while sectoral rotation is likely to be seen in the broader market. This week, the US interest rate decision is due where Fed is expected to take a pause, which might bring relief to the global markets,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services
“Participants should maintain a “buy on dips” approach and look for stocks offering a favourable risk-to-reward ratio,” said Ajit Mishra, SVP - Technical Research, Religare Broking. Texmaco Rail, Mastek, Glenmark Pharma, CONCOR, Ami Organics, other stocks in focus on Monday
Shares of Texmaco Rail will be trading ex-dividend on September 18. The company announced a final dividend of Re 0.15 per equity share
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Shares of Mastek will be trading ex-dividend on September 18. The company announced a final dividend of Rs 12 per equity share
Shares of Gujarat Narmada Valley Fertilizers & Chemicals will be trading ex-dividend on September 18. The company announced a final dividend of Rs 30 per equity share
Shares of Glemark Pharma will be trading ex-dividend on Monday, September 18. The company announced a final dividend of Rs 2.5 per equity share
Shares of Container Corporation of India (CONCOR) will be trading ex-dividend on September 18. The company announced a final dividend of Rs 2 per equity share
Shares of Ami Organics will be trading ex-dividend on September 18. The company announced a final dividend of Rs 3 per equity share
Shares of Sharda Motor Industries will be trading ex-dividend on September 18. The company announced a final dividend of Rs 17.27 per equity share
"The short-term trend of Nifty continues to be positive. There is a possibility of further upside with volatility in the coming sessions. The next upside target to be watched at 20,450 levels, which is 38.2% fibonacci extension, taken from March bottom-July top-Aug bottom. Immediate supports to be watched at 20,050," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty has also been trading with a positive bias. It has now reached the zone of 46,370-46,400 where resistance in the form of weekly upper Bollinger band and the previous swing high is placed. Thus, after rallying for three weeks, there is a high probability of a consolidation. Crucial support is placed in the range 45,970-45,670 and crucial resistance is placed at 46,300-46,400," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
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