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Nifty Inching Towards Record | Tata Chemicals A Solid EV Bet? Adani Stocks, SBI, CSB Bank In Focus

Nifty clocks a 2-day winning streak to end around that 18,600 mark. Autos were on a high with the Nifty Auto index hitting a fresh 52-week high led by M&M & Tata Motors. Lots of action seen in the broader markets as the Midcap index clocked yet another record close even as FPIs remained net sellers for a third straight day. Meanwhile, MPC’s 3-day meet kicks off today. Expectations are that the central bank will hold rates steady amid solid growth and cooling inflation. Catch Nandita Khemka in conversation with Vinit Bolinjkar of Ventura Securities on whether one should chase the momentum in Tata Chemicals and Tata Motors after the conglomerate inked a Rs 13,000 cr MoU with the Gujarat govt to set up lithium-ion battery unit. Rajesh Palviya of Axis Securities also joins in and shares some trading strategies for the day and decodes the chart setup for Nifty, Nifty Bank and stocks like SBI Life, Wipro, Tech Mahindra. Watch!

first published: Jun 6, 2023 08:34 am