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"Many of the commodities be it crude, wheat, or copper, which have seen significant falls since June, have now started to recoup losses. Having bounced off 97, the level that has held multiple bear attempts since March 2022, we could see a swing towards $111/bbl for Brent Crude. The cool-off in commodities has been a significant relief for consumer durable and capital goods sectors. "

On the upside, 200-DMA of Rs 4,200 is an immediate hurdle; above this, we can expect a rally towards the Rs 4,400-4,500 zone. On the downside, Rs 3,750 is an immediate support level, while Rs 3,400 has become a base. Momentum indicators are positively poised to support the breakout.

The board of Techno Electric & Engineering will meet today to consider share buyback while the board of Samor Reality will meet to consider the issue of warrants.

Analysts at Ambit Capital said although TCS’s revenue growth of 3.5 per cent QoQ in constant currency terms was in line, margins missed materially and headline commentary was unchanged.

Raymond Ltd., incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 6456.99 Crore) operating in Textiles sector.

The global cryptocurrency market cap was trading lower at the $916.63 billion mark, dropping as much as 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped marginally to $54.18 billion.

"Seeds of a bull run are always sown in a bear market!!! In the words of Shelby Davis “You make most of your money in a bear market, you just don’t realize it at the time.” I’d like to Advice the investors to stay invested in quality stocks and not be affected by all the noise going around."

“We are currently still at about 35% odd cash levels. We have used the dips to buy and we have been buying private sector banks. They were available at a very reasonable price. We selectively bought into IT as well. I am a believer that this is a multiyear trend in IT. We also looked at some auto and energy plays.”

In the SUV segment, the company plans to launch new models, while in the non-SUV space comprising hatchbacks, sedans and vans, Maruti aims to bring in new features, technology and aggressive design language. In order to prune the deadwood, MSI has also decided to discontinue the S-Cross from the line up and plans to focus on the new model which is going to be produced by Toyota and feature both mild and strong hybrid technology.

Almost all analysts expect credit growth for the banking system will be upward of 12%, largely driven by private banks. Net interest margins (NIM) could also inch upward of 3% largely due to better net interest income and an upward interest rate cycle.