Wall Street had muted session with minor gains as corporate earnings continues to boost sentiment, TESLA Q2 result beat margin despite price cut. NETFLIX was down reacting to result.
RELIANCE & JIO Financials to trade at separate entity from 20-Jul-23. Price discovery session from 9:00 AM to 10:00 AM. Cost of acquisition for Reliance Ind @ 95.32% & RSIL @ 4.68%, values RSIL @ 132.98*
HINDUNILVR & INFY will announce Q1FY24 result today. INFY expected to declare result after market hours, stock will react to its number tomorrow.
F&O data: FII were net seller in index futures by 3464 contracts, net long position remains above 70% currently at 70.20%:29.80%. Nifty PCR @ 1.34 Vs 1.34 remains unchanged. Banknifty PCR @ 1.12.
Approach on Indices: Indices continue to make fresh high now on daily basis and Nifty is in unchartered territory and heading towards 20000 historic level. With weekly options expiry Nifty @ 19800 & Banknifty @ 45500 will be in focus.
GIFT NIFTY @ 19830 Vs 19847 Nifty future previous at 8:30 AM