June 28: How will the stock market start the week? keep an eye on these stocks

The past week was largely good for the stock market. The market closed at the green mark every day except Wednesday. The BSE Sensex and NSE Nifty indices also made their new peak on Tuesday’s fast. The declining covid cases had helped the market boom. On Friday, the BSE Sensex closed near 53,000 while the NSE Nifty closed near 15,800.

Despite the strong bullish sentiment in the market, there is a risk of booking profits at such high levels. Kovid and vaccination status, FII investments, quarterly results, signals from overseas markets will have an impact on the market.

What is happening in foreign markets?

Most markets in Asia are in business by staying flat in the morning. There is no big change in the markets of Japan, South Korea, China, Taiwan, while the market of Thailand is booming.

In the last trade, the US S&P 500 index rose 0.33% while the Dow Jones Industrial Average (DJIA) index rose 0.7%.

Singapore’s SGX Nifty index, which gives an early signal for the Indian stock market, is trading at 15,902.00 with a gain of 0.20% at 7:30 am.

Its effect on the market too-

According to Moneycontrol, there are 15,798.13 and 15,735.97 support levels for Nifty on June 28, after which the index may break after going down. Similarly, there are 15,896.63 and 15,932.97 resistance levels, reaching above which the Nifty can get a bounce.

On June 25, 678 crore shares were sold in the market by Foreign Institutional Investors (FIIs). Domestic Institutional Investors (DIIs) bought stocks worth 1832 crores.

The listing of Krishna Institute of Medical Science and Dodla Dairy IPO will be done on Monday. Dodla Dairy IPO was subscribed 45.6 times while KIMS IPO was subscribed 3.9 times.

In a bulk deal on Friday, Elara India Opportunities sold 3 lakh 41 thousand shares of Rossel India at the rate of ₹ 145.2. In another deal Citrus Global Arbitrage Fund bought 1 lakh 40 thousand shares of Dhanvarsha Finvest at the rate of ₹ 799.99.

These shares will be watched-

JSW Energy: The company’s revenue in the March quarter (QoQ) fell by 2% compared to the previous quarter at ₹ 1569 crore. Net profit jumped 14% to ₹106 crore.

Finolex Industries: In the last quarter, the company’s revenue grew 17% on a QoQ basis to 1249 crores. Net profit stood at 298 crores as compared to 259 crores.

Thyrocare Technologies: Promoter will sell 66.14% stake or 3 crore 49 lakh shares to Dokcon Technologies for ₹ 4546 crore.

Barbecue Nation Hospitality: The company has approved the raising of up to Rs 99.99 crore through issue of shares.

Announcement of quarterly results:

On Monday, NALCO, Autoline Industries, Eros International Media, Future Lifestyle Fashion, GIC Housing Finance, IFCI, KPI Global Infrastructure, V2 Retail, Welspun Corp, Zee Media Corporation, etc. will release their January-March quarterly results. This can have an impact on the share prices of these companies.

Investors need to be aware of the risks when investing in foreign currencies. They should always educate themselves about the country’s economic situation and their currency’s value. They should also do their research on flowbank, checking for any red flags that may indicate a potential scam or pyramid scheme.