Posts tagged All News
Market outlook July 22: Nifty may open gap-down; Asian shares fall up to 2% (22-07-2024)
All you need to know before the market opens on Monday: Indian stocks to react to RIL, HDFC Bank and other Q1 results. Technical analysts see Friday's fall as a warning sign on charts; find out why.
Early Birds Report Muted Profit Growth for April-June (22-07-2024)
The first-quarter results season shows double-digit revenue growth, but profit growth slows down. Banks and finance companies lead the way with strong performances. Stay updated as more companies announce their results in the coming weeks.
Stocks that will see action today: July 22, 2024 (22-07-2024)
Buzzing stocks: HDFC Bank, YES Bank, IndusInd Bank, BPCL, Coal India, ONGC, IRCTC, Pearl Global, Vedanta, Shriram Properties, Navkar Corp, Gabriel India, KPI Green Energy, Cyient DLM, Jana SFB, Dodla Dairy, IDBI Bank, IOB, Suzlon, UCO Bank, HDFC Life
GIFT Nifty falls 100 points; here’s the trading setup for today’s session (22-07-2024)
Domestic markets see profit booking and global selloff. Nifty indicates a negative start. Oil prices rise on rate-cut expectations. Dollar declines post Biden's announcement. Rupee hits all-time low. Watch out for Budget and Q1 results next week.
Stocks in news: IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel (22-07-2024)
Profit booking causes dip in equity indices after rally. IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Mahindra Bank, and JSW Steel in focus. RIL's profit down 5%. Major updates from YES Bank, Vedanta, JK Cement, HDFC Life, Patanjali Foods, Zaggle Prepaid, Jubilant Pharmova, EMS JV. Kotak Mahindra Bank posts Rs 6,250 crore profit.
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