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4298: Underlying Momentum Weakening for Nifty? Earnings Watch: Infosys, Asian Paints
Publisher |
moneycontrol
Media Type |
audio
Categories Via RSS |
Business
Publication Date |
Jul 18, 2024
Episode Duration |
00:07:58
In this episode of Market Minutes, Stacy Pereira talks about the key factors to watch out for today before the domestic market opens. While the record run of fresh all-time highs continues, sustainability of the Nifty 50 above 24,500 is crucial for its further up move. According to hourly charts, there are indicators that show a potential reversal or a pause in the current trend, suggesting that the underlying momentum is weakening despite rising prices. As for the global handover, its a mixed one with the NASDAQ tumbling close to 3% while the Dow Jones gained over 240 points to close above 41,000 levels. Among stocks on our radar are Infosys which will declare its Q1 results. Asian paints and LTImindtree will see investors and traders react to their Q1 earnings while telecom stocks will be in focus too on the back of its monthly subscriber addition data. Also, be cautious in the current market environment warns Sushant Bhansali the CEO of Ambit AMC, but why does he feel so and which sectors does he still find value in, hear him out in our special voice of the day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends..

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