Improvement in asset quality likely
In the previous week to July 07, 2023, the Nifty had faced stiff resistance in the range of 19,400 to 19,500.
If the first half of July 2023 is anything to go by, the FPI flows look all set to better the massive flows of May and June 2023.
The week to July 14, 2023 saw a strong performance, with bulk of the index returns being triggered by the unprecedented IT stocks rally on Friday.
The week to July 14, 2023 also saw 3 very important data points announced with had a bearing on the Fed stance and impacted the CME Fedwatch considerably.
Profitability expected to remain strong
Healthy performance expected
The company has fixed the price band at Rs 475-500 per share and the issue will be closing on July 19.
For the month of June 2023, the merchandise trade deficit (physical goods) narrowed to $20.13 billion from $22.12 billion in May.
June 2023 marks the third consecutive month that the WPI inflation has been in the negative and each month it has progressively dipped deeper into the negative zone.
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