Stock Market Live Updates 22 July 2024: Sensex, Nifty set for weak start; analysts warn of imminent correction (22-07-2024)
Sensex, Nifty, Share Prices LIVE: The domestic markets are likely to begin the week on a weak note, as indicated by Gift Nifty’s decline to 24,390 against Nifty August futures at 24,670. Subdued results from Reliance Industries and Wipro are expected to keep the market under pressure, despite strong numbers from Kotak Mahindra Bank, HDFC Bank, and Yes Bank. Analysts predict volatility due to the upcoming Budget on July 23 and the settlement week for monthly F&O contracts at the NSE. Emkay Global Financial Services anticipates a 5-10% correction in headline indices, particularly impacting SMID stocks due to stretched valuations and a tepid Q1 FY25 earnings season. The brokerage suggests that sectors like Industrials and Financials are most at risk, while Staples, Energy, and Technology are safer bets. Last week, benchmark indices barely closed in the green, with broader markets suffering due to weak mid- and small-cap results. Globally, US markets also corrected from record highs, with semiconductor stocks hit by potential trade restrictions with China.
Dollar edges lower, Asian stocks slip following Biden’s election exit (22-07-2024)
Biden's endorsement of Harris and China’s central bank rate cut caused the dollar to slip and Asian stocks to fall. The US dollar fell 0.2%, the Mexican peso climbed. Stocks in Japan and South Korea dropped. PBOC's reverse repo rate was lowered to 1.7%. Oil and gold prices increased. Focus points include Europe’s economic data, US growth, and corporate earnings.
Charts indicate temporary pause for D-Street bulls; support at 24,000 mark (22-07-2024)
From a technical perspective, it is worth noting that Nifty has formed a 'Shooting Star' on a weekly time and a 'Bearish Engulfing' on a daily time frame at record highs
Gravita India success story (22-07-2024)
While I too await informed opinions on this from some of the seniors in tracking this business, we can also attempt to ask this question to the Gravita management in today’s concall.
DMart, HUL: Top picks by Osho Krishan of Angel One for July 22 (22-07-2024)
DMart witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
Correction in sight for Nifty50, MidCap Select index; here’s how to trade (22-07-2024)
On the weekly charts, the Nifty 50 Index has closed down, relinquishing all recent gains, indicating substantial selling pressure at higher levels
Shakti Pumps – solar shakti (power)! (22-07-2024)
By this comment you want to imply that the company is under-reporting the revenue?
Assuming that 40% market share will be maintained every month is faulty.
Jigar S Patel of Anand Rathi recommends buying these three stocks today (22-07-2024)
From a technical standpoint, the daily chart has revealed an inverse head and shoulders pattern with a neckline at Rs 1,620 & Bajaj Finserv stock is holding steady above this level around Rs 1,640.
Exclusive | Amazon in deal talks with Swiggy for quick commerce business Instamart: sources (22-07-2024)
Early talks on; US ecommerce biggie looking for a buyout or stake via pre-IPO placement. Discussions may face multiple roadblocks, said sources in the know. Legacy ecommerce players like Amazon and Flipkart scouting for quick commerce assets amid rising consumption on rapid delivery platforms like Zomato’s Blinkit, Zepto and Swiggy’s Instamart.
Microcap momentum portfolio (22-07-2024)
@tjkambow please give me solution for my problem.