Markets extended gains on Wednesday but failed to clear recent high of 18777 and formed a small doji star on candlestick signifying indecisiveness. The US Fed kept rates unchanged which has provided some short-term relief for the global markets but hawkish stance in commentary may limit significant upside for markets in the short-term. For Nifty, we can expect current rally to extend towards 19194 before we see major profit booking.
Nifty 50 Futures
Stocks to watch
Positive Read through
- Godrej Properties to acquire land for a luxury residential project in Kolkata.
- MnM launches XUV 700 in Australia, in line with global expansion plans.
- Axis Bank – reports say Bain Capital to sell 0.7 pct of its 1.3 pct eq via block deal at Rs 964-977 a sh
- HCL Tech expands partnership with Google Cloud for adoption of generative AI
- SJVN- in MoU with Maharashtra Govt to develop 5000 MW renewable energy projects
- V-Mart- T Rowe price sells 1.9 pct stake at Rs 1990.4 a sh.
- KRBL- commences commercial production at its new plant at Anjar, Gujarat
Negative Read through
- Aavas Financial- Smallcap World Fund sells 1.6 pct stake at Rs 1349 a sh
- KFIN Tech withdraws depository participant application from NSDL.
- DCW- faces mechanical breakdown at its soda ash plant
- Sanghi Inds- operations at cement plant in Gujarat temporarily suspended
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