Markets traded with a positive bias on Thursday, extending their winning streak for the fifth consecutive session amid supportive global cues. Analysts say, technically, the Nifty has surpassed another important hurdle -- its medium-term moving average, the 100-day EMA, near the 24,150 mark -- and now appears poised to inch towards the 24,500–24,600 zone. The ongoing buoyancy in banking majors, coupled with rotational buying across heavyweight stocks, continues to support the prevailing uptrend.
In today's trade, shares of TCS, Infosys, RIL, HDFC Bank, Waaree Renewable among others will be in focus due to various news developments.
Shares of TCS, Infosys and Wipro will be in focus after Accenture trimmed the upper end of its annual revenue growth forecast, raising fresh concerns over demand for discretionary technology spending.
RIL
Shares of Reliance Industries will be in focus as the company's annual general meeting (AGM) scheduled later today. Mukesh Ambani is expected to provide important updates on the listing timelines of Jio IPO, retail expansion and plans about AI and new energy verticals.
Waaree Renewable Technologies on Thursday said it has acquired a 55 percent stake in Associated Power Structures Pvt Ltd (APSPL) for Rs 1,225 crore. According to a regulatory filing, the company has acquired 55 percent equity shares of APSPL pursuant to the allotment of shares under the primary acquisition and transfer of shares under the secondary acquisition.
HDFC Bank has received the central bank's approval to extend the tenure of its interim chairman Keki Mistry for three months or till a new chairman is appointed, India's largest private lender said in a stock exchange filing on Thursday.
HPCL
Hindustan Petroleum Corp Ltd (HPCL) on Thursday said its joint venture refinery in Rajasthan has restarted its crude distillation unit (CDU) after completing restoration work following a localised fire in April, paving the way for a phased ramp-up of fuel production.
Tata Motors will raise prices of its commercial vehicles by up to 2.5% from July 1, the company said on Thursday, days after announcing a price increase of up to 1.5% for its passenger vehicle portfolio, as the automaker seeks to offset rising input costs.
