"Market would react to US inflation data that would have a bearing on the US Fed interest rate decision next week. Overall, we would suggest investors shift their focus from mid and small caps to large caps in the near term, as the risk-reward is favourable over there,” said Vinod Nair, Head of Research at Geojit Financial Services
“Among the sectoral pack, banking, financials and IT hold prominence for further upmove so align positions accordingly,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd. Coffee Day, KEC International, Vadilal Industries, Radico Khaitan, other stocks in focus on Thursday
Coffee Day Global Ltd (CDGL) and its financial creditor IndusInd Bank have reached a settlement, following which NCLAT has set aside an insolvency order against the company which owns and operates coffee chain Cafe Coffee Day. Counsel representing CDGL and IndusInd Bank on Wednesday informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations
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KEC International has announced that it has secured a prestigious turnkey order of Rs 1,145 crore in its Transmission & Distribution (T&D) business. The order includes design, supply and installation of 380 kV Overhead Transmission Line in the Kingdom of Saudi Arabia (KSA). This has taken the total order intake by the company to more than Rs 7,500 crore
Shares of Vadilal Industries, Vadilal Enterprises will be trading ex-dividend on September 14. The companies’ announced a final dividend of Rs 1.5 per equity share
Shares of Radico Khaitan will be trading ex-dividend on September 14. The company announced a final dividend of Rs 3 per equity share
Shares of Lakshmi Mills Company will be trading ex-dividend on September 14. The company announced a final dividend of Rs 9 per equity share
Shares of BLS International will be trading ex-dividend on September 14. The company announced a final dividend of Re 0.25 per equity share
"A reasonable positive candle was formed on the daily chart, that placed beside the negative candle of Tuesday. Technically this market action indicates that bulls are still not out of the game. Though, selling pressure is emerging from near 20,100 levels, there is no confirmation of any top reversal pattern forming at the new highs. But, a decisive upmove above 20,100-20,150 levels is expected to bring more upside towards 20,350-20,450 levels in the near term. Immediate support is placed at 19,950 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty was the star performer today as it managed to breach the previous day high of 45,894 and closed above that indicating that it has started the next leg of upmove. On the upside, it has the potential to retest the swing high of 46,370 and above that, 46,500. Daily and hourly momentum indicators have a positive crossover which is a buy signal," 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