IIFL Securities, Tata Steel, SRF, TVS Motor Company, Canara Bank, IDBI Bank, HDFC Asset Management Company, Poonawalla Fincorp, Federal Bank, Relaxo Footwears, PNB Housing Finance, Shoppers Stop, Jammu and Kashmir Bank, Tamilnad Mercantile Bank, Chennai Petroleum Corporation, Maharashtra Scooters, JK Paper and Spandana Sphoorty Financial are among the companies announcing their Q1 results today (July 24)
The SEBI and exchanges have revised the ESM framework. Starting today (July 24), the stocks under ESM Stage-II will be allowed to trade on all days while earlier they were allowed to trade only once a week
Stocks that will trade ex-dividend today (July 24) include ADC India Communication, DIVGI Torqtransfer Systems, Lakshmi Machine Works, Menon Bearings, MPS, Nava, NDR Auto Components, NOCIL, PDS, RJ Shah & Co and Siyaram Silk Mills
“We expect Nifty to spend some time around the current levels, to digest the recent surge and it would be healthy. Meanwhile, participants should focus more on risk management for the existing trades and prefer sectors that are showing resilience for fresh positions. Among the key sectors, banking and financials still looks promising for further up move while the crack in the IT pack has delayed its reversal so plan accordingly,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.
“Going ahead, over the near term, the ongoing earnings season and FII flows would continue to hold sway over equity markets; some profit booking though cannot be ruled out,” said Dr Joseph Thomas, Head of Research, Emkay Wealth Management
“From a technical perspective, we believe gold prices could see a small correction. For the day, Comex gold has first support at $1,960/oz, then $1,945/oz, and resistance at $1,993/oz. MCX Gold August future has support at Rs 58,980 per 10 gram and resistance at Rs 59,650,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“We expect bullish momentum to continue in Crude oil, and one should adopt a buy-on-dip strategy. The NYMEX WTI crude oil price can rally towards the $79.0 level once it crosses the $77.30 level. The MCX Crude oil August contract has resistance at Rs 6,420 and support at Rs 6,180,” said Saumil Gandhi, Senior Analyst- Commodities, HDFC Securities
Following the success of Realme C53 5G smartphone’s early bird sales and its launch in India on July 19, Realme will now host a special sale today (July 24). The Realme C53 5G special sale will be from 12 pm to 2 pm on Flipkart and the company’s official website. Realme C53 starting price is Rs 9,999 for the 4GB/128GB variant
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