We have seen new highs on Nifty and Sensex as we have predicted last week. Large caps are seeing a gush of money from ETFs and DIIs flows are getting in some of the finest stocks in the universe.
We believe it’s time that midcaps and small caps will also see some relief rally. So far we have seen good results across the sectors which clearly show that our country is on a solid growth trajectory.
Small caps and midcaps are still down 24 percent and 15 percent from their highs, respectively, which will be narrowed down in the next week. There many important events this week which will drive the market. RBI and FOMC will start there two days credit policy meeting on July 31. This will be closely watched as dollar and index have increased a lot.
TCNS Clothing Co will list on July 30 and on same day Japan’s monetary policy meeting will also kick start. On August 1, RBI and FOMC will declare their respective decisions.
On the same date, auto companies will come out with their monthly sale numbers in July month. There are a bunch of companies who will announce their results like HDFC, Axis Bank, Tech Mahindra, Tata Motors, UPL, Vedanta, Power Grid, Indiabulls Housing Finance, ONGC, and Titan. Our last week picks ITC & M&M Financial had shown almost 12 percent gain in just one week.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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