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Nifty Time Analysis Pressure Dates Nifty As per time analysis 21 January is Pressure date , impulsive move can be seen around these dates.
NIFTY Data Analysis: JANUARY 23th OI is NEUTRAL with a range of 12200-12400 for Expiry...
Macro data: Airlines data due On the economy front, investors will be eyeing the consumer price index inflation data for agricultural labourers/rural labourers, which is slated to be released on January 20.
#RIL, #TCS, #HDFCBank which released their December quarter earnings last Friday, may trigger stock-specific movements on the bourses. Reliance Industries reported record profit numbers thanks to strong growth in Retail and Jio. TCS, however, saw slowest growth among peers.
ICICI Bank will release its numbers on January 25.
Biocon, Canara Bank and HDFC Life Insurance will follow on January 23 and Bank of Baroda and Ultratech Cement the next day.
Asian Paints, Axis Bank, CEAT , L&T, Motilal Oswal Financial Services, Raymond, RBL Bank and SBI Life Insurance are scheduled to post their results on January 22.
Q3 earnings: Bank-heavy week Federal Bank, Kotak Mahindra Bank and Bank of Maharashtra will come out with their numbers on January 20, followed by HDFC Asset Management, ICICI Prudential Life Insurance and Zee Entertainment on January 21.
Edelweiss Professional Investor Research's Chief Market Strategist Sahil Kapoor. "However, there is some overhead resistance coming for the mid and small-call indices as they test their ability to get past the previous high made nearly a year ago," Kapoor added.
The Union Budget will be presented on February 1. "The market breadth continues to favour a broad-based rally towards new lifetime high for Nifty," said Edelweiss Professional Investor Research's Chief Market Strategist Sahil Kapoor.
Motilal Oswal Financial Services' Retail Research Head Siddhartha Khemka. "Also, expectations in the run-up to the budget are expected to drive certain sectors related to Agri, rural, fertilizers, PSUs, infra and construction," Khemka added.
"Going ahead, investors should remain cautious as the markets are at an all-time high and should expect stock specific action as the Q3 earnings season progresses," said Motilal Oswal Financial Services' Retail Research Head Siddhartha Khemka.
Next week, companies like Kotak Mahindra Bank, Zee Entertainment Enterprises, Axis Bank, Larsen & Toubro, Biocon, Bank of Baroda, EIH, UltraTech Cement and ICICI Bank, among others, are expected to announce their Q3 earning results.
"In the coming week, investors will eye the next batch of corporate results, including Zee Enter, Asian Paints, Axis Bank, L&T, Ultratech and ICICI Bank among the larger ones," HDFC Securities' Retail Research Head Deepak Jasani said.
In the ranking of top-10 firms, RIL was leading the pack followed by TCS, HDFC Bank, Hindustan Unilever (HUL), HDFC, ICICI Bank, Infosys, Kotak Mahindra Bank, ITC and SBI.
The market valuation of ICICI Bank plummeted by Rs 6,040.83 crore to Rs 3,43,477.06 crore and that of HDFC Bank dropped by Rs 2,930.21 crore to Rs 6,99,881.90 crore. HDFC’s m-cap fell by Rs 726.19 crore to reach Rs 4,24,293.86 crore.
SBI took the biggest hit as its m-cap plunged by Rs 12,717.6 crore to Rs 2,83,802.65 crore.
The market cap of ITC rose by Rs 2,273.86 crore to Rs 2,94,802.65 crore and that of Tata Consultancy Services (TCS) went up by Rs 1,576 crore to Rs 8,32,297.69 crore.
Infosys added Rs 12,605.57 crore to Rs 3,26,999.39 crore in its m-cap and Kotak Mahindra Bank Rs 2,599 crore to Rs 3,24,455.51 crore.
HUL’s valuation zoomed by Rs 22,827.94 crore to Rs 4,45,778.10 crore, topping the gainers’ chart. The market capitalisation (m-cap) of RIL jumped by Rs 20,890.58 crore to reach Rs 10,02,009.11 crore.