“Domestic market has been hitting record highs daily over the last few sessions driven by sustained foreign inflow, surplus monsoon, and a good start to earning season. We expect this momentum to continue in the near term given buoyant domestic cues and receding global concerns,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Financial Services
Today, markets would react to the weekly option expiry and results of index heavyweight Infosys and HUL. Fortis Healthcare, Reliance Industries, HCL Technologies, MRF among stocks to watch on Thursday
On Thursday, Infosys will announce its earnings results for the first quarter (Q1) ended June 30 for the financial year (FY) 2023-24. The earnings declaration will be followed by a press conference and an earnings call
Fortis Healthcare stock will be in focus on Thursday, July 20 as the shares will trade ex-dividend. The company had announced a dividend of Re 1 per equity share
TCS stock will be in focus today as the shares will trade ex-dividend. The company had announced a dividend of Rs 9 per equity share.
HCL Technologies stock will be in focus on July 20 as the shares will trade ex-dividend. The company had announced a dividend of Rs 10 per equity share
The NSE will hold a special pre-trade session for RIL, India’s most valuable company, on July 20 in the wake of the demerger of its financial services business. Reliance has announced the demerger of its financial services business into Reliance Strategic Investments as part of its group restructuring. The spun-off entity has been renamed Jio Financial Services, which will be listed soon
MRF stock will be in focus on July 20 as the shares will trade ex-dividend. The company had announced a dividend of Rs 169 per equity share
360 ONE, Coforge, CSB Bank, Goa Carbon, Havells India, HUL, ICICI Securities, IEL, Infosys, Jai Mata Glass, Mphasis, NELCO, Persistent, South Indian Bank, Tokyo Finance, Tokyo Plast, United Spirits, Zensar Tech to report Apr-June quarter results today
"The underlying uptrend of Nifty remains intact. Nifty is expected to move above the hurdle of 19,,800-19850 levels in the short term. The immediate upside target to be watched around historical 20,000 mark. Immediate support is placed at 19,700 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty consolidated within 45,906 – 45,281 range, and has thus formed an Inside bar pattern which makes the extremes of the range crucial levels from a short-term perspective. A breach of the extremes shall lead to a move in that particular direction. We expect the breakout to be on the upside and expect the Nifty to target levels of 46,500," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
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