D-street is expected to take into account several developments on July 23 such as fluctuations in commodity prices, the financial results declared by companies and news related to the finalisation of a India-US trade deal.
Earlier on July 22, the benchmarks ended lower. The Sensex slipped 13.53 points or 0.016 per cent to end the session at 82,186.81. The Nifty 50 index held on to the 25,000 level as it ended at 25,060.9 down by 29.8 points or 0.12 per cent.
India-US Trade Deal
Developments related to the India US trade deal is expected to impact the stock market. According to a Reuters report which cited government sources the chances of an interim trade deal being signed between India and US have dimmed ahead of the August 1 tariff imposition deadline. The report claimed that talks between New Delhi and Washington DC have reached a deadlock over agri and dairy products.
Crude Oil Prices On July 23
The price of West Texas Intermediate (WTI) crude declined in the early hours of July 23 as it traded at $66.21, down by $0.99 or 1.47 per cent. On the other hand Brent Crude prices traded slightly higher, edging up to $68.74, gaining $0.15 or 0.22 per cent.
Gold Rate On July 23
On July 23 the prices of gold in India edged higher with the price of one gram of 24 karat gold costing Rs 10,130. On the other hand the prices of one gram of 22 karat and 18 karat gold were Rs 9,286 and Rs 7,598 respectively.
Stocks In Focus On July 23
Several companies are set to release their results for the June quarter of FY26. Notably the list includes Infosys Ltd, Dr Reddy’s Labs, Coforge, Tata Consumer Products Ltd, Bajaj Housing Finance, DAM Capital Advisors, Force Motors, Persistent Systems, and Tata Teleservices.
Lodha Developers Block Deal
Lodha Developers share price is likely to be in focus on July 23 after an existing investor is expected to pare 1 per cent stake in the company through a block deal according to a CNBC report.
Kirloskar Ferrous Industries
Kirloskar Ferrous Industries shares are expected to be in focus on July 23 after the company informed the exchanges that it has been declared as the preferred bidder for an auction conducted for the Jambunatha iron ore mine located in Karnataka.
Indegene
Indegene informed the exchanges that the Non-Executive, Non-Independent Director, Neeraj Bharadwaj has resigned from his post with immediate effect.
Hyundai Motor India
Hyundai Motor India shares are expected to be in focus on July 23 after the company told the exchanges that it has got an order from the Commissioner (Appeals), CGST Department, Tamil Nadu. The CGST Department, Tamil Nadu has demanded compensation cess of Rs 258.67 crore along with a penalty of Rs 258.67 crore. Hyundai Motor India informed the exchanges that it's reviewing the order.
Denta Water and Infra Solutions
Denta Water and Infra Solutions shares are likely to be in focus on July 23 after the company informed the exchanges that it has received orders worth Rs 183 crore. The company also mentioned in a filing that with the addition of the new orders, its order book now stands at Rs 745.5 crore.
US Market Indices
The Dow Jones Industrial Average and the S&P 500 ended higher on July 22 ended higher by 0.4 per cent and 0.06 per cent respectively. The tech-heavy Nasdaq closed lower by 81.49 points or 0.39 per cent.
Asian Indices Trade Mixed On July 23
Asian indices traded in green in the early hours of July 23, the Nikkei 225 and the Hang Seng index traded in the green up by 3.32 per cent and 1.12 per cent respectively. On the other hand other Asian indices traded higher as well with the Shanghai Composite and the KOSPI edging up 0.74 per cent and 0.11 per cent respectively.
