Stock market: A busy week ahead, characterized by large profit announcements, global market instructions and several business actions, it is expected that the sentiment of investors will send as the markets resume on Monday. This follows after the Indian benchmark in the week have ended the week on a weaker note, with the handy falling 0.7%, which is careful among investors prior to crucial developments.Rupak the, senior technical analyst at LKP Securities told Et that the Nifty was confronted with sales pressure on Friday, almost 24,900, where the only support was found.Despite the correction, the index succeeded in staying over his 50-day exponential advancing average (EMA), by pointing out a potential withdrawal in the short term, he continued.The market, however, added that the market remains a scenario ‘Sell on Rise’ as long as the index remains below 25,260.
Main market factors this week:
1. Q1 Business income: The coming week will be profit, with 286 companies that have been established to report their quarterly results in June.Among Nifty companies are major players such as Infosys, Eicher Motors, Ultratech Cement, Bajaj Finance, Tata Consumer Products, Dr. ir. Reddy’s, Cipla, Kotak Mahindra Bank and SBI Life Insurance planned to announce results. In addition, Paytm, United Breweries, Zee Entertainment, IRFC and Bajaj Housing Finance will also be in focus. Market analysts believe that Monday’s trade session will be crucial because investors will respond to the Q1 results of large companies such as Reliance Industries, HDFC Bank and Icici Bank.2. American market trends: Wall Street finished mixed on Friday, with the Dow Jones falling 142 points to 44.342.20, the S&P 500 Slot flat and the Nasdaq that sustained light. This week, the focus of investors will remain on upcoming American business results and FED chairman Jerome Powell’s planned comments, which can offer instructions on interest rate views.3. Business promotions including bonus problem: More than 100 companies will take business actions this week, including record dates for dividends, bonus issues and offers from Law. Lic, Hero MotoCorp, Divi’s Labs, Shree Cement, Zydus Lifesciences and Union Bank of India are among the companies that explain dividend record dates. Mahindra Logistics will determine the record date for his law problem on July 23, while Focus Business Solution will do this for its bonus problem, ET reported.4. IPO Buzz: The primary market will be active. Four IPOs are planned in the mainboard room: Indiqube spaces (RS 700 Crore edition), GNG Electronics (both opening July 23), Brigade Hotel Ventures (opening July 24) and Shanti Gold International (opening 25 July). The SME segment will see IPOs of Monarch Surveyors, TSC India and Patel Chem specialties.5. Institutional investor activity: The market direction will also depend on institutional flows. On Friday, foreign institutional investors (FIIs) bought shares worth RS 374.74 Crore, while domestic institutional investors (DIIS) remained strong buyers at RS 2,103.51 Crore.6. American data in Focus: The coming week is crucial for the markets, with heavyweight income, macro -economic data and trade developments that probably send the sentiment.“In the US, attention will turn to Existing Home Sales (June) on July 23, which could highlight the resilience (or weakness) in the housing market amidst sticky mortgage rates. A day later, markets will keenly watch the Initial Jobless Claims, a critical labour market pulse, alongside the S&P Global Manufacturing PMI (Preliminary) For July in Jobless Claims or Stabilization in PMI Couldestor Sentiment, in particular when the recession concerns itself, “Bayj Broking Research told Pti.7. Rupee movement: The rupee placed his second weekly loss and ended at 86.1475 against the US dollar, put under pressure through stock running and the business demand for dollars. With foreign investors who so far sell around $ 300 million, the rupid is expected to act closer to 86.50 in the short term. In the meantime, the dollar index is on schedule for its second weekly profit due to strong US economic data.8. Prices for crude oil: The oil prices remain an important factor. WTI crude oil fell to $ 67.30, while Brent Crude was held near $ 69.28. Geopolitical tensions, especially about drone attacks in Iraq, continue to form delivery risks, which can influence inflation and in turn.While the new trade week is starting, all eyes will be focused on income, macro -economic signals, IPO action and trends in the worldwide market to shape the sentiment of investors.
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