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Dixon Technologies (India) Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 74894.69 Crore) operating in Consumer Durables sector.

The Nifty Index traded positively near the 25,000 mark on Tuesday, recovering from a slight dip. It closed with gains of around 100 points, forming a small bullish candle. Traders are advised to hold above 25,000 zones for an up move towards 25,200-25,300 zones. Volatility has been cooling off.

Oil prices steadied after a sharp selloff drove Brent crude below $70 a barrel for the first time in over two years. Concerns about slowing growth in the US and China, along with robust supplies, have led to a nearly 20% drop this quarter. OPEC+ postponed an output hike amid fears of surplus in 2025.

Excellent Wires and Packaging will launch its SME IPO, aiming to raise Rs 12.6 crore through a fresh equity issue of 14 lakh shares at Rs 90 each. The subscription will close on September 13, with the shares expected to list on the NSE SME platform by September 18.

Gold and silver futures opened higher on Wednesday, with gold at Rs 72,028 per 10 grams and silver at Rs 84,114 per kilogram. Prices have shown significant volatility ahead of U.S. CPI data and the ECB monetary policy meeting.

The Nifty IT index was trading 0.03 per cent down at 42631.05.

A total of 1,357 shares changed hands on the counter till 10:10AM (IST).

SJVN, recently granted Navratna status, has set September 12 as the record date for determining shareholders eligible for dividend payments. The company announced a final dividend of Rs 0.65 per share for FY 2024-25. Other companies like Amines & Plasticizers and Bharat Rasayan also declared dividends, with shares trading on an ex-dividend basis from Thursday.

Seven stocks, including Aditya Birla Fashion and Retail, Balrampur Chini, and Bandhan Bank, are under F&O trade ban on Wednesday. The ban occurs when open interest exceeds 95% of market-wide positions limits. The Sensex and Nifty rose for the second consecutive day, driven by IT and pharma stocks.

Aashish Somaiyaa, CEO of WhiteOak Capital AMC, provides an analysis of trends in financial services, IT, and auto sectors. He explains that the auto sector is normalizing after a difficult period from 2018 to 2020. Financial services and industrials show promise amid changing macroeconomic conditions. Somaiyaa also says that they are benefiting from sector rotation at play.