Net Sales are expected to increase by 1.2 percent Q-o-Q (down 3.2 percent Y-o-Y) to Rs. 4362.6 crore, according to ICICI Securities.
9,950 will act as an immediate hurdle and any move above this level will attract fresh buying interest that can drive Nifty towards 10,025-10,138 levels respectively.
For the coming week, Bonanza Portfolio recommends traders to use buy on dip strategy. Any dip near 9,530 level will be a good buying opportunity for the short-term and for existing position.
Harendra Kumar of Elara Capital believes the market may see some selling on Monday as most NDA Budget have been met with selling pressures.
Boosted by a strong September quarter performance, Bharti Airtel continues to be the biggest gainer in the Sensex, followed by Dr Reddy's Labs, BHEL, ICICI Bank and Bajaj Auto.
Last week, British major Vodafone's South African subsidiary Vodacom had said that it has entered into exclusive discussions regarding a potential acquisition of Neotel, controlled by Tata Communications.
Tata Communication‘s subsidiary Tata Communication Payment Solutions will roll out 5000 ATMs in the next one year. White label ATMs are those which do not carry the label of a bank. These are owned and operated by non-bank entities like corporates.
Sharekhan is betting on United Spirits for a target of Rs 2519-2565 with a stop loss of Rs 2397. It feels that United Spirits may consider selling Scottish grain whisky distillery Invergordon, which it acquired as part of the USD 1.18-billion Whyte & Mackay acquisition.
Indian ADRs ended higher on Friday. In the Telecom space, Tata Communication surged 5.20 percent at USD 8.70.
Indian ADRs ended higher on Tuesday. In the Banking space, ICICI Bank was up 2.59 percent at USD 47.61 and HDFC Bank was up 1.69 percent at USD 42.67.
Indian ADRs ended mixed on Friday. In the IT space, Wipro was up 2.93 percent at USD 8.08 and Infosys was up 1.93 percent at USD 43.39.
Indian ADRs ended higher on Thursday. In the IT space, Infosys was up 2.48 percent at USD 42.57 and Wipro was up 0.64 percent at USD 7.85.
Indian ADRs ended lower on Friday. In the IT space, Infosys was down 1.86 percent at USD 40.10 and Wipro was down 0.91 percent at USD 7.65.
Indian ADRs ended mixed on Wednesday. In the IT space, Wipro was down 2.68% at USD 8.36 and Infosys was down 2.03% at USD 41.89.
Indian ADRs ended higher on Tuesday. In the Banking space, ICICI Bank was up 5.67% at USD 43.24 and HDFC Bank was up 2.88% at USD 39.31.
Indian ADRs ended lower on Friday. In the Banking space, ICICI Bank was down 1.76% at USD 41.37 and HDFC Bank was up 0.37% at USD 38.49.
Indian ADRs ended higher on Tuesday. In the Banking space, ICICI Bank was up 3.07% at USD 43.36 and HDFC Bank was up 0.56% at USD 37.95.
Telecom stock like Bharti Airtel, Idea Cellilar, Tata Communication and technology stocks like TCS, HCL Technology, Infosys, MindTree will be getting astrological support says Satish Gupta of Astrostocktips.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, vibranttrades.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Indian ADRs ended lower on Tuesday. In the IT space, Wipro was down 0.85% at USD 9.37 and Infosys was up 0.46% at USD 52.45.
Indian ADRs ended higher on Friday. In the IT space, Infosys was up 0.15% at USD 52.21 and Wipro was down 7.16% at USD 9.20.
According to Satish Gupta of Astrostocktips, pharma stocks like Sun Pharma, Dr Reddy, Suven life, Biocon, Cipla and telecom stocks like Reliance Communication, Tata Communiucation, Idea Cellular, Bharti will be getting astrologcial support.
After a decisive breakout, the mood in the market remained buoyant. At 2.34 PM, the Nifty was up 12.85 points or 0.21 percent at 6006.10. The Sensex was up 40.25 points or 0.20 percent at 19754.49.
Indian ADRs closed lower on Monday following downtrend in US equity markets. In the technology space, Infosys fell 1.71 percent to USD 41.94 per ADR and Wipro lost 0.91 percent to USD 8.71.
Indian ADRs ended lower on Friday. In the Banking space, HDFC Bank was down 0.96% at USD 41.09 and ICICI Bank was down 0.62% at USD 44.63.