All you need to know before market opens on Monday: GIFT Nifty quotes atop 24,600; Jio Fin, HDFC AMC, HDFC Life to announce Q1 results today; FIIs index net long-short ratio rose on Friday.
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Stocks to watch, July 15: HCLTech, DMart, RVNL, IREDA, Zomato, Lupin (15-07-2024)
At 6:47 AM, GIFT Nifty futures indicated a major uptick of 91 points at 24,613, suggesting a gap-up start for the bourses
Markets in overbought zone, avoid aggressive bets; Nifty’s support at 24k (15-07-2024)
Bulls continued their strong performance, extending their lead for the sixth consecutive week. Throughout the week, various sectors maintained optimism, while the benchmark index traded within a range
Rajesh Bhosale of Angel One recommends buying these two stocks today (15-07-2024)
During early June, the Triveni Engineering stock prices surged notably from Rs 300 to Rs 400. However, following this spike, prices entered a consolidation phase attributed to overbought conditions
Nifty 50 bullish, MidCap Select rangebound on charts; trading strategy here (15-07-2024)
The Nifty 50 Index is currently displaying a bullish trend on the charts. However, resistance is expected around the 24,800 level
MRPL, Hikal among top picks by Jigar S Patel of Anand Rathi for July 15 (15-07-2024)
Between March 2023 and June 2024, Hikal has been consolidating within the approximate range of Rs 260-320
Bitcoin hits $60,000 as Trump shooting boosts re-election odds: Report (14-07-2024)
Trump’s chances of becoming president again increased after today’s developments, according to PredictIt data
Bitcoin hits $60,000 as Trump shooting boosts re-election odds: Report (14-07-2024)
Trump’s chances of becoming president again increased after today’s developments, according to PredictIt data
FPIs invest Rs 15,352 cr in Indian equities during first two weeks of July (14-07-2024)
Foreign investors infused Rs 15,352 crore into Indian equities during the first half of this month, driven by the government’s commitment to ongoing reforms, low US Federal rates, and strong domestic demand.
The upcoming Union Budget will be one of the most watched events by foreign investors to understand the government’s plans for economic growth, Himanshu Srivastava, Associate Director – Manager Research at Morningstar Investment Research India, said.
According to the data with the depositories, foreign portfolio investors (FPIs) have made a net inflow of Rs 15,352 crore in equities this month (till July 12).
This came following an inflow of Rs 26,565 crore in equities in June on the back of political stability and a sharp rebound in markets.
Before that, FPIs withdrew Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields.
The latest FPIs’ flow can be attribute
Trading activity to hinge on Q1 results, global trends in the week ahead (14-07-2024)
As the results season kicks in, the quarterly earnings numbers of several blue-chip firms — such as Infosys and Reliance Industries — along with global trends and trading activity of foreign investors, will determine equity market movement in the holiday-shortened week ahead, according to analysts.
The domestic WPI inflation data for June — scheduled to be announced on Monday — will also influence trading sentiments, traders said.
Markets will remain closed on Wednesday for Muharram.
Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries.
“Q1 earnings will be a key focus this week as numerous companies, including heavyweights Infosys, and Reliance, are set to release their results. Additionally, pre-Budget discussions are expected to contribute to market volatility,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
On the global front, a significant