New Delhi: Nifty scaled to an all-time high for the third straight session on Friday, though the BSE Sensex came down from the 80,000-mark.
Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd said, "After opening lower, the Nifty traded within a narrow range throughout the day, ending near its upper boundary. Key sectors like energy, pharma, and FMCG posted gains, while banking and financials lagged. Broader indices continued their strong performance, each gaining more than half a percent. Looking ahead, we anticipate continued consolidation in the index and recommend a focus on individual stock trading strategies. Traders should exercise caution in stock selection due to potential increases in volatility."
Meanwhile, ahead of the market opening today, as per Zeebiz Tata Group Stocks, Bandhan Bank, Bank of Baroda, Federal Bank, CAMS are likely to be in focus today.
1. Bandhan Bank
Bandhan Bank has announced the appointment of Ratan Kumar Kesh, Executive Director & Chief Operating Officer, as Interim MD&CEO of the Bank, with effect from July 10, 2024, for a period of three months or till new MD&CEO takes charge, whichever is earlier.
2. Tata Group Stocks
Tata group companies such as Tata Motors, Tata Steel are set to be in the spotlight owing to their June growth reports.
3. Computer Age Management Services Limited (CAMS)
CAMS shares will trade ex-dividend today. The company said that the record date for Final Dividend of Rs 16.50 per equity share, recommended by the Board at the meeting is be 08th July 2024.
4. Bank of Baroda
BoB has released its provisional business figures. As of 30th June 2024, Global Business of the bank grew by 8.52% YoY to Rs 23.77 trillion; Global Advances of the bank grew by 8.14% YoY to Rs 10.72 trillion; Global Deposits of the bank grew by 8.83% YoY to Rs 13.06 trillion, said BoB.
5. Federal Bank
Federal Bank has entered into a strategic Bancassurance partnership with Bajaj Allianz Life Insurance Co Ltd. "With this collaboration, we now have a total of 10 insurance partners. This strategic alliance aims to provide Federal Bank's customers access to Bajaj Allianz Life insurance company’s product suite," the company said.
