Markets experienced a dip on Thursday, with analysts suggesting a buy-on-dips strategy for the Nifty above 25,400. Several companies like Tata Steel, Hero MotoCorp, Nykaa, Bharti Airtel, Tata Motors PV, RIL, and RVNL are in focus due to their recent financial results and business developments.
Indian stock markets moved sideways on Thursday. Investors adopted a cautious stance, awaiting new domestic cues. The Nifty index remained within a narrow band, struggling to break out. Analysts anticipate continued range-bound trading for the index. Select individual stocks may show strength. The India VIX, a fear gauge, saw a slight decrease.
Spot silver hit a record high of $121.64 last week.
Silver prices saw a significant one-day drop, falling by ₹30,000 per kg. Gold also declined. Investors booked profits amid market volatility. Analysts expect gold prices to remain weak internationally, while silver is predicted to consolidate. Demand for silver from technology sectors continues to outpace supply, making it volatile. Investors are advised to focus on fundamentals rather than timing the market.
Top 15 high conviction stock ideas from leading brokerages following the key events
Hero MotoCorp reported a 12% rise in net profit to Rs 1,349 crore for Q3 FY26, with revenues climbing 21% to Rs 12,328 crore. The company saw a 16% increase in sales volume, selling 16.97 lakh units. This positive performance was attributed to operational efficiencies, product mix optimization, and a revival in rural demand.
A body of stockbrokers on Thursday urged Finance Minister Nirmal Sitharaman to revoke the budget proposal to hike the securities transaction tax.
Brokerages expect Tata Steel to post Q3 results, with volumes offsetting weak steel prices and higher costs. Revenue may rise 8% year on year, while profit is seen jumping sharply on operating leverage and improved India and overseas performance.
The number of Americans filing new applications for unemployment benefits increased more than expected last week, likely boosted by snowstorms across much of the country, but labor market conditions remain stable.
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