In a surprising turn of events, Monday’s trading session on Dalal Street concluded with the Nifty index in the red. This is despite the fact that it saw strong performances from two of its largest constituents, HDFC Bank and Reliance. Both of the companies reported healthy gains. Yet their positive impact was not enough to sustain Friday’s rebound from the lows of 24,564. Keeping an eye that this dip reflects various economic factor and the volatility of the market. In today’s market session eyes will remain on potential catalysts that could influence future movements.
In the latest trading session graphs were interesting. The Nifty 50 index ended at 24,781.10 points, reflecting a decline of 1,496.25 points from its record high of 26,277.35.
Market analyst noted that overnight, Wall Street saw declines in the Dow Jones and S&P 500 indices, though the Nasdaq managed to outperform its peers. All the figures show a potential shift in investor sentiment toward technology stocks.
In early trading season today Asian Equities Slide for Second Day as Wall Street Pauses After Weekly Rally. It was also noted that bond prices dropped amid easing expectations for Federal Reserve rate cuts. It indicating a broader cautious outlook as market participants remain vigilant amid global economic uncertainties. Different figures and Analysts suggest that this trend may continue if economic indicators fail to reassure investors.
Key Stocks to Watch Today
Bajaj Housing Finance, City Union Bank, 360 One WAM, HFCL, Mahindra Logistics, Jana Small Finance Bank, and Union Bank of India are among the stocks according to experts that could show potential reaction in Today’s earnings reports as they announced their Q2 results.
Bajaj Finance Among Other Major Firms Set to Report Earnings Today
Bajaj Finance will be among the Nifty constituents reporting results on Today, joined by a range of broader market companies including Adani Energy Solutions, Adani Green, Amber Enterprises, Can Fin Homes, Chennai Petro, ICICI Prudential, Indus Towers, IIFL Securities, M&M Financial, ICICI Securities, Persistent Systems, Coforge, Shoppers Stop, SRF, Varun Beverages, Zensar Technologies, Olectra Greentech, and Zomato, among others.
Foreign Institutions Remain Net Sellers While Domestic Institutions Step In
Foreign institutions were net sellers in the cash market yesterday. They were outpaced by domestic institutions, which increased their buying activity after several sessions.
Market experts are expecting the graphs to be volatile and reactive today.
(Disclaimer: This article is just for information and not for investment purpose.)
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