Day trading guide for today: Six buy or sell stocks on Wednesday - July 19
Reliance Industries, HCL Technologies, and Asian Paints, continued to contribute to the gains in the Sensex and Nifty index. Sensex had some volatility during the session as profit booking occurred occasionally at higher levels. In the medium to long term, experts are optimistic about the market, although they anticipate some consolidation in the near future due to the market's high valuation.
The Nifty ended the day at 19,749.25, up 38 points or 0.19 percent, while the Sensex ended the day 205 points, or 0.31 percent, higher at 66,795.14. Investors will closely monitor US retail sales and industrial production figures since they may have an impact on the Federal Reserve's stance on monetary policy. Next week, policy meetings for the US Federal Reserve, European Central Bank, and Bank of Japan will take place.
“The bulls continued to lift the market to new heights, but volatility emerged in the second half due to concerns over valuation. Rapid fall in the dollar index and a slide in the US 10-year yield is supporting liquidity in emerging markets. While disappointing economic growth in China and improvement in the US market outlook are drawing attention to the Indian market with the IT sector as the contra bet," said Vinod Nair, Head of Research at Geojit Financial Services.
FIIs buy ₹790.40 crore worth equities on 18 July; DIIs dump ₹1,317 crore IndusInd Bank: The bank reported a standalone net profit of ₹2,123.6 crore in the first quarter of FY24, registering a growth of 32.5% from ₹1,603.29 crore in the same quarter last year. Net interest income (NII), which is the difference between interest earned and interest expended, during Q1FY24 increased 18% to ₹5,862.5 crore from ₹4,125.3 crore, YoY. Adani Transmission: The
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