What a great day today as multiple shares picks of ours went rallying like CUB, HCL, INFY, TCS, Shyam Metallics. I am sure all of you would have a great-looking portfolio today.
As I said earlier that Accenture in the US would declare its results this week and it was expected to be a good one. As expected, the results came really positive after our Indian market hours. But the expectation of good results ended up firing all IT stocks up today to finally seeing TCS & Infy hitting their all-time high. If the rally before the results was like this, what do you think will happen tomorrow? do share your comments below this report.
On a daily chart, Nifty looks ready to move up some more. But again we will face good resistance at 15900. Let us look for more global cues tomorrow morning in the pre-market report.
As said earlier, the Rally was led by the IT, Service sector & Bank Nifty, especially due to HDFC bank moving up. The top losers were the PUS bank and the Energy sector, which were rallying for the past few days.
There is no looking back, most IT companies have appeared in this list.
As discussed in the pre-market report, Reliance came into the top losers list as the AGM did not excite the investors as it did not meet their expectations of 5G price launch etc which were postponed.
That's it for today team, let us catch up on the Pre market report tomorrow to enter the market with confidence.
- Srikant Rajan