Home FEATURED NEWS US, India CPI together with TCS, HCL Tech earnings to find out Nifty 50’s path

US, India CPI together with TCS, HCL Tech earnings to find out Nifty 50’s path

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SUMMARY

Nifty holds on to 19400, earnings season formally kicks off right now, June CPI information to be out within the night, and extra. These are the 5 issues to observe as we start commerce right now:

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The market uptrend is unbroken. Nifty got here off the times highs on Tuesday, however held on to 19400.

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We noticed a surge in international markets in a single day because the Dow Jones ended 317 factors up. All eyes are on the US June CPI studying right now. CMEs Fed watch device signifies a 92 p.c probability of a US Fed fee hike in its July coverage.

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In India, markets flows had been blended with a constructive bias. Large shopping for by overseas buyers was witnessed on Tuesday. Foreign Institutional Investors (FIIs) purchased Rs 1,197 crore in commerce yesterday. FIIs have purchased almost Rs 11,000 crore month-to-date.

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Earnings season formally kicks off right now with HCL Tech and TCS stories anticipated within the night. The June quarter is anticipated to be the slowest in a decade for TCS with a fall in margin fall as effectively. The huge query is might the unhealthy information be within the worth? TCS inventory is down 10 p.c from its highs in February.

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In indian macro information to trace, we’ve got the May IIP and June CPI information that shall be out at 5.30pm right now. The CNBC-TV18 ballot sees the June headline CPI at 4.6 p.c in comparison with 4.25 p.c in May.

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