Market Outlook- 13 July 2021

Indian stocks gave up early gains on Monday, ending little After entering Telangana with an initial investment of Rs changed, as poor Asian and European cues, as well as 1,000 crore, Kitex Garments shares were stuck in the 20% caution ahead of important earnings and macroeconomic circuit limit for the second day in a row. data due this week, dampened mood. India's consumer price inflation slowed in June, The benchmark 30-share BSE Sensex fell 13.50 points to confounding forecasts for a faster increase, according to 52,372.69, while the wider NSE Nifty index rose 2.80 preliminary data released Monday by the statistics points to 15,692.60.IT and metal stocks fell, while real ministry. Following a 5.01 percent increase the previous estate stocks saw widespread purchasing for the second month, the consumer food price index increased 5.15 day in a row. percent annually.

On news of cash-raising, Adani Ports' stock dropped 1.5 Covid-19 instances continued to plummet in India, but the percent. ' stock fell 1% ahead of its earnings downward trend slowed significantly in the week ending announcement on Wednesday. , , Sunday, with five states, led by Kerala, reporting a surge in and BPCL all concluded the day with losses of more than new cases compared to the previous seven days, while 1%. Shree Cement, Grasim, and UltraTech Cement all Maharashtra and Assam reported only minor decreases. saw a 2% increase in their stock prices.

On brokerage recommendations, JSW Steel gained 1.6 In India, approximately 2.9 lakh new Covid cases were percent. Following the RBI's approval of reverse mergers reported in the week of July 5-11, down 5.5 percent from of banks older than five years with their holding the previous week, when over 3 lakh infections were companies, banks, and financial businesses saw broad discovered. benefits. Ujjivan Financial Services and Equitas Holdings both increased by 20%, while Ujjivan Small Finance Bank increased by 1.6 percent and Equitas Small Finance Bank increased by 6.7 percent.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

ICICI Bank Ltd 656.90 +1.66% Adani Ports and Special 709.30 -1.21% Economic Zone Ltd

Hindalco Industries Ltd. 392.55 +1.07% Ltd 1,049.50 -0.64%

Tata Consumer Products Ltd 6,213.00 +1.05% 770.50 -0.79% Ltd

Tata Motors Ltd 310.20 +0.93% Divi's Laboratories Ltd 4,585.70 -0.08%

Grasim Industries Ltd 1,556.90 +1.32% HCL Technologies Ltd 975.20 -0.45% Market Outlook- 13 July 2021

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