The short-term trend of Nifty remains choppy and the medium uptrend status is intact. There is a possibility of some more consolidation for the next 1 or 2 sessions before resuming its upside momentum again from the lows
After witnessing a rally in the last few trading sessions, Nifty is now consolidating in a range in the absence of any major domestic cues. Now, the focus will be on global cues with major US banks and tech companies due to announce their earnings. Tata Communications, Reliance Capital, CRISIL, Sterling & Wilson among stocks to watch on Wednesday
On April 19, Tata Communications, ICICI Securities, Alok Industries, Mastek, and Benares Hotel stocks will be in focus as the company will announce their Q4 results
Crisil reported a consolidated profit of Rs 145.8 crore in the first quarter of FY23, up 19.8% from the year-ago period but the net profit and operating margins saw some contraction. The company's board approved payment of an interim dividend of Rs 7 per share, having a face value of Re 1 each
Sterling and Wilson Pvt Ltd has bagged three rural electrification orders worth Rs 1,080 crore. While one order is from Chhattisgarh State Power Distribution Company Ltd (CSPDCL), two others are from South Bihar Power Distribution Company Ltd (SBPDCL) in Nalanda and Gaya
As per reports, the Adani Group has paid back at least $3 billion in the March quarter, lowering promoter-group pledges and settling bonds with three domestic mutual funds. Last month, the group had prepaid share-backed loans totalling Rs 7,374 crore ahead of their maturity in April 2025
The Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline for the completion of the resolution process of Reliance Capital by three months from April 16 to July 16
“The broader trend for Nifty still remains positive and one should keep a buy-on-dip approach as long as the index sustains above the 17,600 level,” said Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities
“As long as Bank Nifty sustains above 42,000, it will remain in a buy-on-dip mode and if breached, will lead to a further correction towards the 41,500 level,” said Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities
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