“Markets will now take cues from US inflation data released late Thursday as the data would further provide insights into Fed’s future policy decision,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
“ Global cues are still neutral and any deterioration on that front may further add to the pressure. We thus recommend limiting positions and waiting for clarity over the next directional move,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd. HAL, Nykaa, NTPC, Adani Enterprises, Adani Wilmar among stocks to watch on Friday
The National Company Law Tribunal (NCLT) on Thursday approved the proposed merger of Zee Entertainment Enterprises Ltd with Sony India. This is a key regulatory approval for the mega-merger, aimed at creating a $10-billion media giant, which was announced in 2021 but has been delayed for multiple reasons
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Adani Group, on Thursday, denied and issued a clarification on reports of the conglomerate selling its 44 per cent stake in its JV with Wilmar Group in Adani Wilmar. The FMCG company, Adani Wilmar, is valued at $6.17 billion. The conglomerate, led by Chairman Gautam Adani, said in a filing that there is “no such event concerning the media report”.
Life Insurance Corporation of India on Thursday reported a near 19-fold surge in first-quarter profit, as it moved money to a shareholders' fund to shore up its bottom-line. The company posted a profit after tax of Rs 9,544 crore for the quarter ended June 30 as compared to Rs 683 crore a year ago.
ONGC, HAL, ABB India, Apollo Hospitals, Power Finance Corp, Jindal Steel, Zydus Life, Info Edge, IRFC, Astral, Muthoot Finance, Patanjali Foods, NHPC, Nykaa, Voltas, Timken India, Glenmark Pharma, Sun TV and others will announce their first quarter results
Anuh Pharma, Balkrishna Industries, Bandhan Bank, Bharti Airtel, BHEL, BPCL, CCL Products, Century Enka, Divi's Laboratories, Federal Bank, Godfrey Phillips India, Grasim Industries, JK Lakshmi Cement, Kalyani Steels, Dr Lal Path Labs, Samvardhana Motherson, NTPC, Pfizer, PI Industries, Tinplate Company stocks will be trading ex-dividend on Friday
"Though Nifty seems to have formed a new lower top at 19645 levels on Wednesday, there is no indication of any sharp weakness from the lower highs. Hence, a decisive move above 19650-19700 levels is expected to bring sharp upmove for the market ahead and further weakness from here could find support around 19450-19400 levels for the short term," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty daily and hourly momentum indicator has a negative crossover which is a sell signal. The Bank Nifty has decisively closed below the 40-day moving average which is a sign of weakness. Thus both price and momentum indicators is suggesting a further downside over the next few trading sessions. On the downside 44,000 is the short-term target," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
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