Wall Street had flat closing on Friday after rally seen earlier this week on back of declining inflation data. U.S. market recorded weekly gain on major indices round 2% to 3%.
HDFCBANK to announce result today, 42 HDFCBANK shares will be allotted for every 25 HDFC shared held. HDFCBANK could see some pressure.
LTIM & TATAELXSI are two IT companies are set to announce result today ahead of LTTS tomorrow and INFY on 20-Jul-23. INFY rallied around Rs 90/- or 6% in last two trading days.
F&O data: FII long: short position continues to remain at 70.29%:29.73%, Nifty PCR @ 1.34 Vs 1.11 previous. Banknifty PCR @ 0.86 Vs 0.78.
Approach on Technical: Momentum on indices continue to remain strong, Nifty around 19550 zone Banknifty around 45000 is seeing some supply. Nifty @ 19232 & Banknifty @ 44228 are key levels
GIFT NIFTY @ 19635 up 16 points at 8:05 AM