Market setup 21st July
Weekend is here. Asia is a flat and its having its impact on NIFTY. Open will be around the 9880 mark and what needs to be seen is whether 9850 will be tested first or 9920. If NIFTY remains above 9900 it’s a good sign going into next week which is an expiry week. ECB kept the rates unchanged and that kept markets muted. Reliance delivers again and that keeps the market up. Talking about Reliance, Reliance is buying 25% stake in Balaji Telefilms and looks like this is the beginning of the end of Balaji. Wipro comes with a flat result but if we take other IT firms Wipro’s results are positive. Today Wipro will be in green due to buy back.
Ashok Leyland is the big Q1 result scheduled for today. Apart from it MRPL, Tata sponge and Atul auto will be declared their Q1 results today
Fuel Prices in important cities on 21st July
Petrol moved up by 2 to 3 paisa today while diesel came down by 3 paise.