Live Markets Commentary
Sify Editors @ 10:25 AM
Heromotocorp (up by 1.09%), NTPC (0.85%), Tata Steel (0.81%), Bajaj Auto (0.71%) , ICICI Bank (0.64%) and HDFC Bank (0.60%) are the top trending stocks on BSE sensex in early morning trade. Hero will be posting its quarterly results today and is trading at 3731.55. Among the losers Asian Paints (down by 0.36%), Cipla (0.40%), Wipro (0.55%), ONGC (0.74%), Lupin (0.66%) and Tata Motors (1.29%) suffered losses. Tata Motors was trading at 458.35. Asian Paints which seems to be marginally down will be posting its quarterly results today.
Sify Editors @ 10:05 AM
Results of these 4 scrips today, expect movement
Axis Bank, Asian Paints, Federal Bank, and Kirloskar Pumps are among the top stocks to announce their results today, July 25 2017. Expect movement on these scrips.
Among the key things to watch for in Axis Bank is the loan books and non performing assets. 3% or 11232 crore of the bank's loan books are under watchlist. Net interest income is expected to rise 6.1% to 4791.8 crore as against 4516.9 crore in previous fiscal. Non performing assets below 5.1% should be termed positive.
Axis Bank has been trading in a range of Rs 510-534.30 on the BSE in the past five days. Market observers suggested a buy rating for a target price of Rs 550. The 52 week high and low of the scrip have been Rs 638 on September 7 2016 and 424 on January 10 2017 respectively.
Asian Paints too has seen quick movement on the BSE from 1133.25-1158.05 in this time period.
Motilal Oswal Securities recommended a buy rating on Federal Bank, that closed at Rs 117.05 on July 24 2017. The scrip five days ago traded at 114.15.
Kirloskar Brothers, manufacturers of industrial valves, traded at Rs 267.80. It was trading in the same price five days ago too.
Sify Editors @ 9:25 AM
Expect Nifty at 10036 on July 25: Prakash Gaba
Finally the bigger news on Tuesday, July 25 is the Nifty entering the dream figure of a five figure mark.
NSE Nifty dozed through the opening session, reaching a high of 10010.55. The index closed at trading hours on Monday at 9966.40.
There is a consensus that the Nifty in trading hours could actually better its pre-opening.
Nifty expert Prakash Gaba's outlook for Tuesday, July 25 finally read of a five figure mark. After nearly two weeks of intense speculation, his report card for the day has finally come up with the dream figure.
"Technically now the next logical target is 10036 as long as 9920 holds," his blog read.