Date 04.09.2026
NIFTY OUTLOOK: 23873.45 FII -2345.87 cr DII 4977.46 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as supportive buying take the nifty rally upto 24025.4, correction from there and CAS finally gave closing of 23873.45 i.e. near to our support of 23870.
Chemcon Speciality Chemicals delivered a strong start to FY27, supported by improving realisations, newer products, customer traction and expanding manufacturing capabilities. With a 65% dividend for FY26 and positive growth outlook, the stock looks attractive at CMP versus its all-time high of Rs.731.
The renewed conflict involving the US and Iran has once again become a major concern for global financial markets. Rising energy prices have increased fears that inflation could remain elevated for a longer period.
Persistent Systems has approved a major fundraising plan, allowing the company to raise up to $1.25 billion through long-term debt financing and other eligible instruments.
Mahanadi Coalfields (MCL), a major subsidiary of Coal India, has filed its Draft Red Herring Prospectus with SEBI, marking an important development in India’s IPO market.
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