Sensex Today | Share Market Live updates: Sensex, Nifty expect steady start; Gift Nifty in green
₹3,979.44 crore in the purchase of shares on Thursday, while domestic institutional investors DIIs bought shares for a net total of ₹2,528.15 crore.Ajit Mishra, SVP of Technical Research at Religare Broking said."We are in a consolidation phase so it is normal to see volatile swings. The key is to manage risk until the trend resumes.
Meanwhile, we feel it is prudent to restrict positions and use intermediate dips to gradually add quality stocks," Vaishali Parekh, Vice President — Research at Prabhudas Lilladher has recommended three intraday stocks for today, here we list out full details in regard to those day trading stocks:1] Bharat Forge: Buy at ₹897, target ₹980, stop loss ₹870;2] Havells India: Buy at ₹1314, target ₹1380 to ₹1400, stop loss ₹1280; and3] Wockhardt: Buy at ₹244, target ₹280, stop loss ₹230. (Read More)On July 27, 2023, ITC Ltd, a prominent company involved in both the cigarette and hotel businesses, conducted its investor conference call.
During the call, Sanjiv Puri, the chairman and managing director, shed light on the decision to maintain a 40% stake in the demerged ITC Hotels.Puri elaborated on the rationale behind this choice, stating that the demerged entity would adopt a 'royalty-like' arrangement concerning the utilization of other ITC brands and assets.“ITC will stay invested in the hotels business with this holding and also draw synergies for its foods vertical from the demerged entity. The hotel entity will have a strong balance sheet and also be debt-free.
It can also raise capital either through debt, equity or from strategic investors," he told analysts over a con-call. (Read More)U.S.
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