“With the result season picking up pace, we expect a lot of stock-specific action and provide direction to domestic equities this week. Apart from Index heavyweight Reliance, the Banking sector is also likely to be in focus as ICICI Bank and Kotak Bank announced results over the weekend,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Financial Services
“We expect Nifty to spend some time around the current levels, to digest the recent surge and it would be healthy,” said Ajit Mishra, SVP - Technical Research, Religare Broking. Reliance Industries, IndiGo, Tata Steel, IIFL Securities, PVR INOX, Paytm among stocks to watch on Monday
Reliance Industries stock will be in focus on Monday (July 24) as the Mukesh Ambani-led conglomerate reported its Q1FY24 results on Friday. This was the company’s first quarterly result after the demerger of its financial services business RSIL (to be renamed as Jio Financial Services or JFS)
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Aviation stocks like SpiceJet, InterGlobe Aviation (IndiGo) will be in focus as DGCA on Friday accepted cash-strapped airline Go First's resumption plan dated June 28 subject to outcome of writ petitions pending before the Delhi High Court and NCLT
Reliance Industries will report with June quarter results on Friday. Along with its quarterly earnings, the oil-to-telecom major would consider a proposal of dividend payment to shareholders
PVR Inox shares will be in focus as the company is banking on Hollywood's ‘Oppenheimer’, ‘Barbie’ and unlimited popcorn to pack theatres after a string of Bollywood flops kept away patrons
Paytm stock will be in focus on Monday as the fintech company reported its Q1FY24 results on Friday (July 24). So far this year, Paytm share price has jumped 58%
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, Spandana Sphoorty Financial, and more
ADC India Communication, DIVGI Torqtransfer Systems, Lakshmi Machine Works, Menon Bearings, MPS, Nava, NDR Auto Components, NOCIL, PDS, RJ Shah & Co, Siyaram Silk Mills stocks will be in focus as the companies' shares will trade ex-dividend on Monday
"Nifty faced a downturn from its all-time high. A crucial support level for the Nifty lies at 19,700, marked by significant put writing. Should the index breach this level, it may lead to a substantial market correction. On the upside, resistance is positioned at 20,000," said Rupak De, Senior Technical analyst at LKP Securities
“Bank Nifty hourly momentum indicator has triggered a negative crossover which can lead to consolidation in the short term, however, the overall uptrend is still intact and we believe that this dip is a pullback in the overall up move and not a trend reversal. On the upside we expect the Bank Nifty to target levels of 46,500 in the short term.," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position