What is expected to be the next in the stock market?

American unemployment has confounded investors with the nature of after-pandemic recovery, and it has been encouraging to increase Chinese bank lending. Meanwhile, the delta covid strain continues to be cautious in the regions. but the good news from the last week (4-10th July) is that Bank nifty was closed on 0.75% of return positively where S&P 500 was also  (+)0.40%. The Indian stock market benchmarked index was very underperformed when we compare it to the global scenario.

What new IPO’S are expected to be launched in the market?

Zomato’s IPO is going to live from 14th July and Paytm is expected to file its DHRP with SEBI. Online cosmetic retailer Nykaa and insurance aggregator policy bazaar are also expected to file their DHRP this month. Also, DELHIVERY is in talks for IPO according to media reports Pepperfry, MobiKwik, OYO, Byjus, and Flipkart have shown interest in an IPO. But it seems that they have no concrete plans right now. SEBI has changed its norms for internet companies. Hence, created a new platform called Innovators Growth Platform (IGP).

Before March 2021, The equity mutual funds saw a net outflow. Thus, indicating that redemption was way more than the initial investment. But we have seen net inflows from April to June which shows that investors are interested in the equity market.

RBI gave a 3-year extension to Shyam Srinivasan as MD and CEO of the federal bank till September 24. That is a piece of positive news for a lot of investors and a lot of speculations were doing the rounds on this. This will help Bank NIFTY  on opening day if Bank Nifty opens up with positive signs.

12th July is make or break day for Indian retail stock market traders. There will be a hearing regarding peak margin in Delhi high court.


Nifty 50


NIFTY can be seen as strong at MAXIMUM 1596 where there will be strong resistance at 15815-15885-15945-15970 levels and value around 15,654.


Bank Nifty in stock market



NIFTY BANK can be seen as strong at 35075-34945-34808-34700-34625 where there will be strong resistance at 35380-35570-35662-35770 levels.

Also read: Tata Motors Share hit 10 % lower: As JLR warns Chip deficit

Ugersain Aasdev

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