Markets ended with marginal gains with Nifty futures consolidated above the breakout levels of 22300 while India VIX settled around 15. The surge in Gold and Bitcoin in the past few days clearly shows ample liquidity in global markets and we expect Nifty future to rally towards 23,500 in the coming days.
Nifty Futures Chart
Stocks to watch
Positive Read through
- BEL, BEML, Midhani – Defence Min signs MoU for Development of advanced fueling & control systems
- NTPC – Signs JV agreement with UP Vidyut Nigam for DVPT of renewable power parks
- NBCC – Arm HSCC (India) gets work order worth Rs. 920 mn from PGIMER
- Tata Motors – To demerge CV & PV business into two separate listed companies
- IEX – Feb overall volume up by 15.4 pct YoY at 9,462 MU
- Macrotech – Company to launches QIP to raise up to Rs 33 bn
- Zee Ent – Co aims for Rs. 20 bn EBIDTA by FY26
- AU SFB – RBI approves merger of Fincare Small Finance Bank effective April 1, 2024
- Tata Comm – Government approves additional authorisation to provide M2M services.
Negative Read through
- Bharat Forge – Feb North America class 8 orders declined by 9 pct MoM & up by 11 pct YoY at 25,000 units
- IIFL Fin – RBI bars the company from sanctioning gold loans with immediate effect.
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