New Delhi: Markets closed at fresh all-time high levels on Thursday. Sensex finished at 80,049.67 while Nifty finished at 24,302.15.
Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd said, “The broader market outperformed the benchmarks, with the midcap and smallcap indices registering fresh lifetime highs. Technically, the Nifty index has sustained above the 24,200 barrier, indicating strength. As long as the index holds the support of 24,200, it may attempt to test the levels of 24,500-24,600.”
Meanwhile, ahead of the market opening today, as per Zeebiz are Bajaj Auto, GPT Infraproject, Mahindra & Mahindra, HDFC Bank, IDBI Bank are likely to be in focus today.
1. Bajaj Auto
Bajaj Auto is set to launch Bajaj Freedom 125, the world’s first world’s first CNG motorcycle, in Pune today
2. GPT Infraproject
GPT Infraproject’s board will meet today to consider and approve raising of funds. “GPT INFRAPROJECTS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/07/2024 ,inter alia, to consider and approve raising of funds by issue of equity shares or other securities including through preferential issue, qualified institutional placement, rights issue, or through any other permissible mode or a combination thereof, subject to such statutory/ regulatory approvals as may be required, including approval of shareholders of the Company, as applicable,” the company said in a regulatory filing.
3. Mahindra & Mahindra And Other Stocks Trading Ex-Dividend
A host of companies including Mahindra & Mahindra (M&M), Escorts Kubota, Navin Fluorine International, Thermax, Redington, Nucleus Software Exports, Milkfood, Futuristing Solutions, Biocon, Bharat Forge, Balkrishna Industries, AstraZeneca Pharma and Apollo Tyres are set to trade ex-dividend today.
4. HDFC Bank
HDFC Bank has announced that its gross advances grew 53 percent while deposits grew 24.4 percent as of June 30. “The Bank’s gross advances aggregated to approximately Rs 24,870 billion as of June 30, 2024, a growth of around 52.6% over Rs 16,300 billion as of June 30, 2023. The Bank’s deposits were Rs 23,790 billion as of June 30, 2024, a growth of around 24.4% over Rs 19,131 billion as of June 30, 2023, and were at similar levels compared to Rs 23,798 billion as of March 31, 2024,” the company informed regulators.
5. IDBI Bank
IDBI Bank has announced that its net advances grew 17 percent while deposits grew 13 percent as of June 30.