The stock market is expected to begin the day on a flat note, with GIFT Nifty indicating a slow opening at 19,713.50. Investors are eagerly awaiting the results of major companies such as Axis Bank, Bajaj Finance, and Dr. Reddy’s Laboratories, scheduled for today.
Flat Start Expected: GIFT Nifty Indicates Slow Opening at 19,713.50
In the US markets, a strong performance was witnessed ahead of the Federal Reserve’s decision on interest rates. The Dow registered a rise for the 12th consecutive day, closing at 35,438 with a gain of 26 points. NASDAQ also saw a rise of 85 points, and S&P gained 12 points. Investors are closely monitoring the quarterly results of leading companies.
Axis Bank, Bajaj Finance, Dr. Reddy’s Laboratories
Meanwhile, Asian markets are displaying mixed trends. GIFT Nifty is showing a decline of 11.50 points, Nikkei is down by about 0.04 percent, while the Strait Times is up by 0.41 percent. Taiwan’s market is trading with a modest increase of 0.08 percent, but Hangseng is down by 0.62 percent, and Kospi is trading with a decline of 0.32 percent. The Shanghai Composite is also showing a decline of 0.18 percent.
In terms of foreign investment, Foreign Institutional Investors (FIIs) purchased Rs 1088.76 crore worth of Indian securities on July 25, while Domestic Institutional Investors (DIIs) sold Rs 333.70 crore on the same day.
Additionally, on the National Stock Exchange, Sun TV Network, Canara Bank, Delta Corp, Indiabulls Housing Finance, and RBL Bank are currently under the F&O ban. This restriction is imposed when the position in these securities exceeds their market-wide position limit.