Share Market Prediction for 19th July 2023 Reliance Share Price
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Experts say that this is the cheapest way to get Jio Financial Services shares. This share can be listed at Rs 160 per share. JFSL can be listed before Diwali. According to domestic brokerage Nuvama, the value of JFSL could be Rs 1 lakh crore. He says that this demerger will not affect Reliance’s stock much, rather it can go up by three to five percent. NSE and BSE have kept a special price discovery session for Reliance shares on July 20 from 9 am to 10 am. Reliance’s stock has jumped nine percent in two weeks. Nuwama has kept a target price of Rs 3,205 for it. Apart from Reliance, L&T Technology Services, IndusInd Bank, CIE Automotive India, Himadri Specialty Chemical, SBI, Mazagon Dock Shipbuilders and Avanti Shares can also fill investors’ purse.
There can be ups and downs in these stocks
According to the momentum indicator MACD, the shares of Schneider Electric, Havells India, TARC, Godrej Agrovet and Anant Raj are expected to gain momentum on Wednesday. On the other hand, Tata Motors, IDFC, JSW Energy, UCO Bank, Hindustan Copper and Exide Industries may decline.
IndusInd Bank Q1 Result: IndusInd Bank made excellent earnings in the first quarter, profit increased by 33%
Market condition on Tuesday
On Tuesday, the BSE Sensex closed at an all-time high of 66,795.14 points, up 205.21 points, or 0.31 percent. During trading, it jumped 417.09 points to 67,007.02 points. The National Stock Exchange’s Nifty also closed at a new record level of 19,749.25 points with a gain of 37.80 points, or 0.19 percent. Infosys was the top gainer in the Sensex pack at 3.67 per cent. Apart from this, Asian Paints, HCL Technologies, Reliance Industries, ICICI Bank, Wipro, NTPC, Tech Mahindra, Bajaj Finserv and Larsen & Toubro were major gainers. On the other hand, losers included State Bank of India, Bajaj Finance, Titan, Tata Steel, Tata Motors and UltraTech Cement.
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