Shares of Reliance-Infosys could rocket this week and give the market new highs

Stock review: The new trading week of the domestic stock market has started from Monday, July 15. At the moment, the results of major companies like Reliance Industries and Infosys are due in the first quarter of FY 2024-25. In this new trading week, market experts estimate that stocks of major companies like Reliance Industries and Infosys will help take the market to new highs. The eyes of domestic and foreign investors will focus on the stocks of these companies. Global trends, CPI-based inflation data for June and investor sentiments can also influence the market. During this time, the market is closed on Muharram. The upcoming results of these companies include Reliance-Infosys, Swastika Investmart Ltd head of research Santosh Meena said during the week, majors like HDFC Life Insurance Company, Bajaj Auto, PPCL, JSW Steel, Asian Paints, Infosys and Reliance Industries. It is expected to announce first quarter results in June. This week, all eyes will be on companies' first quarter results, he said. Market fluctuations can be seen due to pre-Budget discussions. He said that China will release GDP data so that all eyes will be on China globally. Later in the week, China will announce its gross domestic product (GDP) and industrial production figures. Globally, the US Federal Reserve chairman's address, US retail sales data and Japan's macroeconomic data will guide the market, he said. IT services provider HCL Technologies reported a 20.4 per cent rise in net profit to Rs 4,257 crore in the June quarter. Equity market will respond to wholesale price inflation today Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said the market will respond to India's inflation data on Monday, July 15, 2024. Jio Financial Services, HDFC Life, Asian Paints, LTIMindtree, Infosys, Wipro, JSW Steel, Paytm will announce their quarterly results this week. Globally, investors will take direction from China's GDP data, US retail sales data and the European Central Bank's (ECB) interest rate decision. Also Read: TCS shares hit fresh high on BSE, Sensex gains 523 points and Nifty gains 522.74 points or 0.65 per cent last week. The NSE Nifty gained 178.3 points or 0.73 percent. On Friday, the BSE Sensex rose 622 points, or 0.78 percent, to close at a record high of 80,519.34. During the day's trade, it rose 996.17 points or 1.24 percent to 80,893.51 points. On the same day, the Nifty rose 186.20 points, or 0.77 percent, to close at a record high of 24,502.15. During the day's trade, it rose 276.25 points or 1.13 percent to 24,592.20 points. Also Read: Lottery opens for HCL tech investors, company announces dividend The post Reliance-Infosys shares to rocket this week, giving market new highs