New Delhi: Markets continued its record-breaking run for the third straight day on Tuesday with Sensex and Nifty closing at fresh record high levels. Sensex ended at 80,716.55 and Nifty finished at 24,613. Markets were closed yesterday for Muharram.
“Despite the recent slowdown in Nifty’s upward momentum, the overall sentiment remains positive, with a higher support base forming in the 24,150-24,350 range. Therefore, our advice remains focused on careful stock selection and effective trade management strategies,” Ajit Mishra – SVP, Research, Religare Broking Ltd said.
Meanwhile, ahead of the market opening today, as per Zeebiz, Asian Paints, LTIMindtree, Tanla Platforms, Can Fin Homes are likely be in focus today.
1. Shares of company trading ex-dividend
Host of tocks are scheduled to trade ex-dividend today including Amara Raja Energy & Mobility , Bliss GVS Pharma, Newgen Software Tech, Praj Industries, Tanla Platforms, UTI Asset Management Company, and Thangamayil Jewellery.
2. 45 firms slated to report quarterly results
Infosys, Havells India, Tata Communications, Tata Technologies, Persistent Systems, L&T Tech Services, Polycab, Tanla Platforms, South Indian Bank, Rallis India, Newgen Software Tech, Dalmia Bharat, and Sterling and Wilson Renewable Energy are among 45 firms that are slated to report quarterly results today.
3. Aurobindo Pharma
Aurobindo Pharma’s board is scheduled to meet today to consider a buyback of shares.
4. Asian Paints Q1
While its revenue declined about two per cent to Rs 8,970 crore, its net profit decreased by about one-fourth to Rs 1,187 crore and margin contracted by 420 bps to 18.9 per cent for the June quarter.
5. LTIMindtree
LTIMindtree has logged a 3.1 per cent sequential increase in its consolidated net profit to Rs 1,134 crore with a margin of 15.0 per cent for the June quarter.
