Wall Street: TESLA & NETFLIX was down after result, NASDAQ & S&P500 ended down by 2.05% & 0.68% respectively. DOW30 ended in green with 0.47% gains.
INFY Q1FY24 result in-line with estimate, revised revenue guidance downward to 1% – 3.5% from earlier 4% – 7%. INFY ADR down by 8.5% overnight, expect to open with deep cuts.
RELIANCE will come out the result today. LT result on 25-Jul-23 will consider Buy-back and special dividend and record date for same will be 2-Aug-23.
F&O data: FII added 11091 contracts in index futures, net long position for FII is now above 1 lakh contracts in index futures, net long position now stands at 70.68%.
Approach on Indices: GIFT Nifty indicate down opening due to INFY & other IT stocks could remain under pressure, Nifty @ 19697 & Banknifty @ 45110 could act as support level in case of any correction. Banknifty will continue to outperform.
GIFT NIFTY @ 19880 Vs 19967 Nifty future previous close at 8:05 AM