Q1 results this week: Crisil, HDFC Bank, LTIMindtree, Tata Elxsi will be releasing their Q1FY24 results on July 17.
The initial public offering (IPO) for computing solutions provider Netweb Technologies will open on July 17 and close on July 19. Asarfi Hospital IPO opens today. The Asarfi Hospital IPO lot size is 2,000 shares
"Nifty traded positive throughout the session and witnessed sharp up-move in last half an hour to close near day’s high at 19,565 levels (151 points higher; +0.8%). The index touched yet another new high of 19,595 with the successful launch of Chandrayaan-3.The PPI inflation rose only 0.1% MoM in June, leading to hopes that Fed may soon take a pause. Moreover, expectation of good quarterly results, consistent FIIs buying interest and good progress on the monsoon front would keep the overall trend of the market positive," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
Dollar and benchmark US Treasury yields both attempted a modest recovery after a sharp decline, as some Fed officials remain cautious. Federal Reserve Bank of San Francisco President Mary Daly said it’s too soon for policymakers to say they have done enough to return US inflation to their target. Similarly, Federal Reserve Board Governor Christopher Waller voiced the need for two more rate hikes for inflation to be brought down to its target. COMEX gold prices stand near $1,960/oz.
WTI crude oil prices are trading near three-month high at $77/bbl as IEA estimates a record high demand this year despite economic headwinds. As per IEA, global oil demand is now on track to climb by 2.2 million barrels per day in 2023 to reach an average of 102.1 million barrels per day. They revised their estimates lightly lower from April forecast of 2.4 million barrels owing to persistent macroeconomic headwinds, apparent in a deepening manufacturing slump, as per Kotak Securities.
IMD issued an orange alert for Uttarakhand on July 17. Isolated heavy rainfall is also very likely over Himachal Pradesh during the next five days, north Haryana during the next three days, and east Rajasthan on July 14 and 17, the weather office said
Public sector OMCs, including BPCL, IOCL and HPCL, revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices today remained stable.
Tata Motors has announced that it will increase the prices of its cars and EVs from July 17, 2023. Prices will be hiked by an average of 0.6% across all models and variants. According to Tata, prices are being increased to offset the impact of rising input costs
World Emoji Day is a significant occasion highlighting the importance of emojis in modern-day communication, especially on digital platforms. This day is celebrated around the world by emoji enthusiasts and social media users. World Emoji Day was first celebrated on July 17, 2014.