Markets cooled off from the day’s high but ended in the positive terrain after USDINR crossed its all-time high to post-closing above the 83 mark. As Sensex Bees i.e. Sensex ETF has managed to post-closing above the breakout line followed by a major reversal in the Nifty 50- Nifty 500 spread, any scope for a gap down opening would be short-lived with an immediate target seen towards the 18000 mark.
Important stocks which may provide a necessary booster for a rally in the Sensex 30 index are Reliance Industries and Axis Bank which are positioned for a 25% rally in the near term.
Key Results today– Tata Consumer, IEX, Colgate, Axis Bank, Asian Paints, ITC, Bajaj Finance, Zensar
Sensex ETF & Ratio of Sensex to Nifty 50 Eq Wt
Stocks to watch
Positive Read Through
- IndusInd Bank reports 8-qtr High Operating Profit, Slippage Ratio Lowest In 8 Qtrs
- AU SFB NIM Expands 30 bps QoQ, NII & Profit Higher Than Estimates
- Max Fin VNB Margin Up 210 bps At 31.3% Vs 29.2%, APE down 7.2% YoY
- Persistent $ Revenue Up 5.8% Margin At 14.6% Vs Estimate Of 13.6%
- BEL Signs MoU With Triton Electric Vehicle To Mfg Hydrogen Fuel Cells
- JSPL Signs MoU With Greenko For 1000 MW Carbon-Free Energy
- Shoppers Stop Revenue Up 58% Margin At 16.3% Vs 11.3%
- Home First Strong Customer Acqn Aids Biz Momentum, AUM Up 36% YoY
- Metro Brands Revenue Up 47% Margins At 30.9% Vs 29.8%
- Inox Leisure Loss Narrows, EBIDTA At Rs 85 Cr Vs Rs 16 Cr YoY
- Maha Scooters Revenue Up 16%, EBIDTA Rises 14% YoY
Negative Read Through
- Lupin To Acquire 2 Inhalation Brands From Sunovion, 17 Observations For Pune Unit
- Navin Fluorine Revenue Up 13%, Margin at 24.6% Vs 25.8%
- Havells Margin Slips 600 bps YoY, Lloyd Contribution Turned Negative
- Nalco, Hindalco & Vedanta Alcoa Reports Weak Q3, Guidance Lowered
- Piramal Pharma Will Be Removed From MSCI India & Added To the Small Cap index
- Delhivery Sentiment In Q2 Broadly Unchanged From Q1, Spending Remained Muted
- Hatsun Agro Revenue Up 7%, Margin At 10.1% Vs 13.2% YoY
- Sagar Cement Loss At Rs 49.1 Cr Vs Rs 19.9 Cr Profit, Margin 1% Vs 16% YoY
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