Bajaj Finance, Nestle India, Vedanta, Tech Mahindra, IndusInd Bank, L&T Technology and ACC will announce the results for March 2024 quarter later today.
Mid-and small-cap stocks continue to reach unprecedented levels, with the Nifty Midcap 100 index and Nifty Small Cap 100 both hitting all-time highs. The strength in mid- and small-cap stocks is attributed to increased potential benefits from India s rising capital expenditure.
Indian state-run banks continued their winning streak for the fifth consecutive session on Wednesday, with 11 out of 12 constituents of Nifty PSU Bank index finishing today s trade in the positive territory.
PSU banks are now more exposed to the retail- agri-MSME (RAM) segments than private banks. If growth in these segments slows down then PSU banks and NBFCs could potentially be more exposed than private banks, Nuvama said.