Stock Market Update: Inflation, Q1 Results, Global Trends Key Drivers In Holiday-shortened Week
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The quarterly earnings numbers of several blue-chip firms, such as Infosys and Reliance Industries, along with global trends and trading activity of foreign investors, will determine equity market movement in the holiday-shortened week ahead. The domestic WPI inflation data for June will also influence trading sentiments. Major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries. On the global front, a significant focus will be on China, which is scheduled to announce its GDP and Industrial Production (IIP) numbers. The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,72,225.62 crore last week, with TCS leading the way. The market capitalization of TCS surged Rs 62,393.92 crore to Rs 15,14,133.45 crore. Other firms that saw an increase in market valuation include ITC, Infosys, LIC, Hindustan Unilever, and Reliance Industries.

#StockMarket #Inflation #Q1Results #GlobalTrends

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