DSIJ Mindshare

As long as Nifty trades below the 200-DMA, there are chances of the index moving further down towards the 10,980 level. Going ahead, only faster retracement above the 200-DMA will boost the sentiments in the markets. Stocks in news: Sun Pharmaceutical, BOSCH, ZEEL, Unichem Laboratories, GMR Infrastructure, Mindtree.

At the time of writing, the SGX Nifty was trading with a cut of 48 points at 11,073.

The leading animal healthcare companies reported 11 per cent YoY increase in sales at Rs. 42.42 crore for Q1FY20 as against Rs. 38.26 crore in Q1FY19, on a standalone basis. Net profit was at Rs. 9.79 as against Rs. 9.68 crore in Q1FY19.

The following stocks would be in focus during Thursday’s trading session in light of their results announcement: Tata Power, Bharti Airtel, CEAT, Marico and Raymond.

The stocks to look out on August 1 include Allahabad Bank, DHFL, Symphony Limited, Dilip Buildcon, Mindtree and Coffee Day Enterprises.