TCS, Infosys, Wipro, HCL Tech, HDFC Bank - all Nifty50 constituents - will report their quarterly results on Wednesday. Besides these, Delta Corp, Mindtree and Tinplate are among other names that will report their numbers.
Crypto exploded after March 2020, when the Federal Reserve and Congress unleashed trillions of dollars’ worth of stimulus to blunt the pandemic’s economic blow. A bunch of that cash made its way to digital assets, turbocharging prices.
“Whenever China’s policy creates a big bull market in metals, one should sell. If they cause a big bear market in metals, buy.â€
The large financials like ICICI Bank, SBI will remain in focus next week.
Over the past several days, the strike of 18,000 continues to see a maximum accumulation of the Call OI. This level will continue to act as a resistance unless taken out convincingly. On the other hand, the highest PUT OI stands at 17,500, and this defines the likely trading range over the coming week.
From the banking space, HDFC Bank has made a very strong comeback, breaking past above the 200 as well as the 50-day moving average. So, HDFC Bank is likely to continue its momentum and start to outperform from the banking space.
Mumbai-based Oberoi Realty has reported over two-fold jump in its sales bookings at Rs 1,965 crore for the third quarter ended December on higher demand. In regulatory filings on Friday, Oberoi Realty has shared a summary of bookings made by the company for the third quarter of this financial year (on a consolidated basis). Its sales bookings rose to Rs 1,965 crore during the October-December quarter from Rs 971 crore in the year-ago period.
PAT margin for the quarter improved to 6 per cent, up 10 basis points over 5.9 per cent in the same quarter last year, the company said in a BSE filing.
Historically, during 2003-07, when India saw one of the strongest capex cycles, markets zoomed more than 6x. In fact, sectoral indices such as banking, auto, metals, capital goods rallied between 6x to 23x.
With a 30% drop, the ProShares Bitcoin Strategy exchange-traded fund, ticker BITO, is now one of the 10 worst performers when looking at returns two months after a public listing, Bloomberg Intelligence data analyzed by Athanasios Psarofagis show.
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