Page 45 - Axis Securities News Today

Shares of Tata Consultancy Services were among the top losers on the benchmark BSE Sensex on Thursday; the stock was down over 1.5 per cent on the BSE as its mixed earnings and near-term uncertainty left investors disappointed.

India VIX was down by 2.53% from 11.27 to 10.98 levels on Wednesday. Volatility cooled off and paved the way for the bulls to strengthen in the market.

The options data suggests that the trading range for todays expiry is between 19,700 and 20,000. Nifty Put options OI concentration is the highest at 19,500 followed by 19,600 and 19,800 which are likely to act as support with the highest writing at 19,800 and 19,700 strikes.

TCS Q2 Results: The company is expected to post a muted growth in both revenue and profit today with a single-digit performance for the September 2023 quarter

NOTICES Notice No. 20231011-16 Notice Date ...

Analysts predict that the profitability of domestic steel makers in India will improve in the third quarter of this year due to lower costs of coking coal, a key raw material. Although steel prices have fallen during this period, companies are using lower-priced inventory to help bring down costs. However, the improvement in profitability will be limited as steel prices have also decreased.

On the daily chart, DLF has successfully broken out above a 'consolidation zone' ranging from Rs 543- 514. The weekly strength indicator RSI given a crossover above its reference line generated a buy signal.

Paytm has seen a breakout of downward sloping resistance trendline adjoining highs of August 25 and September 11 in the beginning of trade and formed long bullish candlestick pattern on the daily timeframe with above average volumes.

Analysts do not expect any adverse asset quality trends during the quarter

Spot prices of gold have fallen eight percent in four months, while those of silver have declined 13 percent, as per MCX data. Experts see no respite in coming months.