Markets remained unchanged on Wednesday after trading remained in a narrow trading range while Midcap and Small cap indices managed to outperform key indices. Nifty has been struggling to sustain above 19,400 after a rise in India’s VIX levels above 11.5. We can expect Nifty to see a short-term correction towards 19,200 before we see a resumption of up move towards 19800.
Sensex top-9 stocks chart
Stocks to watch
Positive Read through
- Tata Power- bags Rs 1,744 crore smart metering project in Chhattisgarh.
- Prestige Estates has entered into a JV agreement with W S Industries for the development of IT, IT-enabled services, and parks.
- Biocon- Subsidiary Biocon Biologics has completed the integration of the acquired biosimilar business in over 70 countries.
- JSW Steel will be replacing HDFC in the BSE Sensex with effect from July 13.
- KEC International has secured new orders of Rs 1,042 crore.
- Ujjivan Small Finance Bank has reported a 44 pct YoY growth in total deposits at Rs 26,655 crore.
- Adani Wilmar sees 25 pct volume growth in the first quarter of FY24.
- Maruti Suzuki: Invicto receives over 6,000 bookings, exceeding expectations: CEO Takeuchi
- LTI Mindtree: Launches ‘V-Protect,’ powered by Rubrik, for comprehensive data protection & recovery
- RPP Infra: Bags new order worth ₹289 cr from NHAI.
- Bombay Dyeing: To sell Central Mumbai land parcel at Rs 5,000 cr valuation
- BSE: Board to meet today for the Buyback of securities
Negative Read through
- Marico India- Business sees low growth in Q1 of FY24 as Saffola, Parachute oils slip
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