Pre-market update (July 22): Gift Nifty Up 54 o’clock marks a positive start to the market
The Indian stock market is expected to be backed by global clues on Tuesday, July 22, with remarks from federal president Jerome Powell, ongoing first-quarter revenue and institutional investment trends. As of 6:31 a.m., the Gift Beautiful Futures rose 54 points at 25,181, suggesting the positive opening of the benchmark index Sensex and Nifty.
The main market triggers of the day
The first quarter revenue focus
The market will respond to quarterly results for companies such as PNB Housing Finance, Dhanlaxmi Bank, CIE Automotive India, Oberoi Realty and DCM Shriram. Today, Colgate Palm (India), Paytm (a 97 communication), Dixon Technologies, United Breweries, M&M Financial Services, Shyam Metalics, JSW Infrastructure, etc., also anticipate results.
Fed Chairman Powell’s speech
Investors will watch comments from Fed Chairman Jerome Powell in a comprehensive review of the conference of the big bank, to remind the Fed’s interest rate outlook. Any signal about policy hubs or tightening liquidity is crucial for global stocks.
FII – DII Events
On July 21, foreign institutional investors (FIIS) net sold Rs 173.277 crore worth of shares, while domestic institutional investors (DIIS) bought the shares for Rs 35,553.9 crore. Continued domestic inflows could provide a buffer for global volatility.
Core department output
According to DPIIT data, India’s eight core infrastructure sectors rose 1.7% year-on-year, the highest in three months, up from 1.2% revised in May. Although growth remains silent, the rise is a welcome sign of industrial recovery.
Global Market Snapshot
Asian markets are open higher, tracking overnight rally on Wall Street.
Nicky jumped 1% after Japan’s general election.
Topix increased by 0.60%.
Kospi rose 0.05%, while the ASX 200 rose 0.12%.
In the United States, the S&P 500 and Nasdaq Composite hit the high, up 0.14% and 0.38% respectively. Dow Jones fell 0.04%, reflecting concerns about revenue optimism and tariffs, reflecting mixed sentiment.
Major market actions
The IPO (SME) of Monarch Surveyor and Engineering Consultant is open for subscription today.
The bidding on Day 2 continued with the Swastika Castal IPO, Savy Infra&Logistics IPO and Real Estate Shared Investment Trust REIT.
Product inspection
Gold prices soared 1.3% to $3,394.23 per ounce, reaching a five-week height as the dollar and Treasury earnings weakened.
U.S. gold futures were above 1.4% to $3,406.40.
Brent Ind fell 7 cents a barrel to $69.21, while WTI crude oil will fall 14 cents to $67.20, a concern about EU sanctions and soft demand appearance.
Market prospects:
The combination of strong domestic flows, optimistic global sentiment and a crowded earnings calendar suggests that Sensex and Nifty may extend earnings. However, volatility may be obtained before the Fed comments and global trade deadline.
