Indian Market Outlook- 13 July 2021
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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. Infosys' stock fell 1% ahead of its earnings downward trend slowed significantly in the week ending announcement on Wednesday. Tata Steel, Bharti Airtel, 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% Tech Mahindra Ltd 1,049.50 -0.64% Tata Consumer Products Bajaj Finance 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 Disclaimer and General Advice Instructions: This document is provided by Laverne Securities Pty Ltd T/as La Verne Investing the Corporate Authorized Representative No. CAR No. 001269781 of La Verne Capital Pty Ltd AFSL 482937. The Research Analyst who prepared this report/article hereby certifies that the views expressed in this document accurately reflect the analyst’s personal views about the Company and its financial products. The information provided in the Report/Article is provided by Morningstar and FactSet. La Verne Fund is not a fund manager, however, the portfolio and the document is for general advice only, prepared by the Analysts and Research team for our clients. This report/article have Different Assumptions, Views, Analytical Method of the analyst with no guarantee of reliability and accuracy of the content. The Research Analyst has not been, is not, and will not be receiving direct or indirect compensation for expressing the specific recommendations or views in this report/article. La Verne Securities has its own Research methodology, with regards to the rating and is confirmed by the team for long term Strategic rating of the concerned security as an Investment for Portfolios with High Growth High Risk Profile. Individual Stock is Speculative and of High Risk in nature and strongly This Document is provided for the Advisors, their Clients, and Financial Professionals for information only and should not be considered an offer or solicitation of an offer to buy or sell a particular security or financial product or instrument. The information or services provided in this report/article may not be suitable for you and we strongly recommend taking the advice of your Financial Planner or Investment advisors. Laverne Investing will not treat the recipients as its customer by virtue of their receiving the report/article and should seek the advice of their consultant, prior to making any investment decision considering this report/article.