Consumption recovery has been gradually strengthening and, while the market has started pricing in an improvement, the outlook remains dependent on the durability of demand
Ajit Mishra of Religare Broking has reiterated a cautious stance on Nifty, with 22,850, coinciding with the 20-DEMA, acting as the immediate hurdle. He has recommended HAL, IndiGo and BHEL for trade.
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.1 per cent and 0.38 per cent, respectively
Overall, analysts expect Wipro to post nearly 8 per cent year-on-year (YoY) rise in revenue during the quarter under review, along with single-digit growth in earnings before interest and taxes.
The company approved an increase of approximately 0.1 per cent to 14 per cent in the basic prices of select grades of raw coking coal for the non-regulated sector.
Tata Elxsi reported a 10 per cent year-on-year rise in net profit for the September quarter. The company's net profit for the quarter ended September stood at ₹170 crore.
Chandan Taparia has said Nifty has given an inside bar breakout in the previous session, indicating a strong recovery. If Nifty holds above 22,700, it may bounce towards 22,850 and then 23,000 levels.
Sensex Today | Stock Market Highlights, Tuesday: The benchmark indices closed sharply higher after the Finance Minister said she would be keen to hear market participants' views on LTCG and STT
Nifty target: Monarch Networth Capital expects the index to hit new all-time highs of 26,000-26,500 within the next 4-5 months, suggesting an upside of 18 per cent from the last close.
Tata Elxsi, Hero Motors, Anand Rathi Share and Stock Brokers, Den Networks, GTPL Hathway, PNB Gilts, ICICI Prudential Life Insurance will announce their quarterly earnings on October 13.
HCLTech reported a 21.2 per cent rise in net profit at ₹5,132 crore in the second quarter of financial year 2027, up from ₹4,235 crore in the corresponding quarter last year.
