Share Market Prediction for 20th July, 2023 watch reliance industries
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Federal Bank launched its QIP issue on July 19 for which the floor price has been fixed at Rs 132.59 per share. Dr Reddy’s Laboratories’ facility in Srikakulam, Andhra Pradesh has undergone pre-approval inspection and routine GMP inspection by USFDA. Electri Greentech has been awarded a contract to set up a greenfield electric vehicle manufacturing facility in Hyderabad. PVC pipes and fittings maker Finolex Industries reported a 16.2 per cent rise in profit to Rs 115.3 crore in the June quarter.
There can be ups and downs in these stocks
According to the momentum indicator MACD, shares of TV18 Broadcast, Tata Tele, HDFC Bank, Ircon International and IndusInd Bank may gain momentum on Thursday. On the other hand, PC Jeweller, IDBI Bank, DCB Bank, Mahindra & Mahindra (M&M) and Petronet LNG may decline.
Results of these companies will come today
On Thursday, Infosys, Hindustan Unilever, Union Bank of India, United Spirits, Coforge, CSB Bank, Dalmia India, Havels India, Indianmart Intermesh, ICICI Securities, 360 One Vaim, Mphesis, Nellco, Personal Systems, Persistrain Systems, Quick Heil Technologies, Religious Indians Tilby, South Indian Bank, Tanla Platforms and Jensor Technologies will declare their quarterly results.
IndusInd Bank Q1 Result: IndusInd Bank made excellent earnings in the first quarter, profit increased by 33%
Market condition on Wednesday
On Wednesday, the 30-share Sensex closed at a new record level of 67,097.44 points, up 302.30 points, or 0.45 percent. This is the first time the Sensex has closed above the 67,000-mark. During the trading, it also reached the highest level of 67,171.38 points with a gain of 376.24 points. The National Stock Exchange’s Nifty also closed at a new peak of 19,833.15 points with a gain of 83.90 points, or 0.42 percent. During trading, it had climbed 102.45 points to 19,851.70 points. NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Motors, ITC, Power Grid and Larsen & Toubro were major gainers in the Sensex pack. On the other hand, Tata Consultancy Services, Bharti Airtel, Maruti, Hindustan Unilever, Nestle and ICICI Bank were among the losers.
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