Hot Stocks and Highs: Your Essential Market Guide for July 4

Rajesh
0

As the market gears up for the trading session, it's essential to stay informed about the latest developments and trends. In this blog post, we'll provide you with ten crucial pieces of information to help you navigate the stock market today. From key indices and market projections to international influences and company updates, here's everything you need to know before the market opens on July 4.

Hot Stocks and Highs Your Essential Market Guide for July 4

1. Sensex and Nifty Reach New Heights:

On July 3, the Sensex climbed 486.49 points or 0.75 percent to reach 65,205.05, while the Nifty surged 133.50 points or 0.70 percent to touch 19,322.50. Both indices achieved fresh record highs, with the Sensex peaking at 65,300.35 and the Nifty at 19,345.10 on Monday.

2. Expected Flat Opening:

The GIFT Nifty suggests a muted start for the broader index, with an anticipated loss of 7.50 points at 19,439.

3. Pivot Point Analysis:

According to the pivot point calculator, the Nifty may find support levels at 19,258, 19,232, and 19,190. On the upside, the index could face resistance at 19,343, 19,369, and 19,411.

4. Currency and Equity Markets:

Stay tuned to Trading Talk for the latest updates on currency and equity markets, both within India and internationally. We've compiled a list of significant headlines from various news platforms that may impact the market today.

5. US Market Overview:

Wall Street's main indices experienced slight gains during the holiday-shortened session on Monday. Tesla's surge and the strength in bank shares helped the Dow Jones Industrial Average rise by 10.87 points (0.03 percent) to 34,418.47. The S&P 500 gained 5.21 points (0.12 percent) to reach 4,455.59, and the Nasdaq Composite added 28.85 points (0.21 percent) to close at 13,816.77.

6. Asian Market Highlights:

Economists predict that the Reserve Bank of Australia will raise its benchmark interest rate by 25 basis points to 4.35 percent, the highest level since December 2011. Australia's S&P/ASX 200 opened on a flat note on Tuesday. In Japan, the Nikkei 225 retreated from its recent 33-year high, falling 0.72 percent, while the Topix recorded a smaller loss of 0.45 percent. South Korea's Kospi saw a marginal decline, but the Kosdaq bucked the trend and climbed 0.13 percent. Hong Kong's Hang Seng index is expected to fall after a 2% gain on Monday.

7. Avenue Supermarts' Q1 Revenue Update:

D Mart-operator, Avenue Supermarts, announced its Q1 business update for the financial year 2023-24 (April–June 2023). The standalone revenue from operations for the quarter ended June 30 stood at Rs 11,584.44 crore, marking an 18 percent increase compared to the previous year's period. The company reported a standalone revenue of Rs 9,806.89 crore in Q1 FY22.

8. Ratnaveer Precision Engineering's IPO Approval:

Gujarat-based stainless steel products manufacturer Ratnaveer Precision Engineering has received approval from the capital market regulator for fundraising through an initial public offering. The IPO includes a fresh issue of 1.53 crore shares and an offer for sale of 21 lakh shares by promoter Vijay Ramanlal Sanghavi.

9. Senco Gold's IPO Details:

Kolkata-based jewellery retailer Senco Gold's public issue is set to open on July 4 and close on July 6. The company aims to raise Rs 405 crore through its maiden public issue, which comprises a fresh issuance of shares worth Rs 270 crore and an offer-for-sale (OFS) of Rs 135 crore by investor SAIF Partners India IV. The price band for the offer is fixed at Rs 301-317 per share.

10. IDFC First Bank's Composite Scheme of Amalgamation:

IDFC First Bank has approved a composite Scheme of Amalgamation among IDFC Financial Holding Company Limited, IDFC Limited, and the Bank, along with their respective shareholders. The scheme's share exchange ratio stipulates that 155 equity shares (credited as fully paid-up) of face value Rs 10 each of IDFC FIRST Bank will be issued for every 100 fully paid-up equity shares of face value Rs 10 each of IDFC Limited. The scheme is subject to requisite approvals from regulatory authorities, including the Reserve Bank of India.

Also Read : The Best Swing Trading Strategy: Mastering the 10 EMA Cross 20 EMA with RSI.

Conclusion:

As the market opens, it's crucial to consider the above factors that may impact your trading decisions. Stay informed about the latest market trends, international influences, and company updates to make informed investment choices. Remember to follow Trading Talk for real-time updates and expert analysis throughout the day.

Post a Comment

0Comments
Post a Comment (0)