Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 8 Aug, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 8 Aug 2018
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A day of consolidation for Indian markets. The S&P BSE Sensex which hit a record high of 37,876 but failed to hold on to gains and closed 26 points lower at 37,665 while Nifty rose to a high of 11,428 and closed just 2 points higher at 11,389.
The index is witnessing selling pressure at higher levels which hints at some more consolidation at higher levels.
For the upside to continue, most experts feel that a decisive breakout above 11,500 is required.
Bulls are advised to remain cautiously optimistic and to shift their focus on stock specific opportunities.
On the downside, if indices trade below 11,359 in next session for at least one hour then correction shall get extended initially towards 11,280, suggest experts.
In the primary market, CreditAccess Grameen IPO to open on August 8. The company has fixed a price band at Rs 418-422 per share for the issue which will close on August 10.
CreditAccess Grameen is focused on providing micro-loans to women customers predominantly in rural areas in India. It provides loans primarily under the joint liability group (JLG) model.
Big News:
On the earnings front, 178 companies are scheduled to report their results for June quarter which include companies like 8K Miles, Aditya Birla, APL Apollo, BEML, BPCL, City Union Bank, HCC, HPCL, Indian Bank, Lupin, Natco Pharma, NALCO, Siemens, Thermax etc. among others.
HPCL: PAT likely to rise by 64% YoY to Rs 1518 crore
BPCL: PAT likely to rise by 151% to Rs 1870 crore
Lupin: PAT likely to fall by 3.8% to Rs 344 crore
Siemens: PAT likely to rise by 35% YoY to Rs 221 crore
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