July 17 is anticipated to bring in specific stock actions in Indian equity markets, with names like Jio Financial Services, Reliance Industries (RIL), Wipro, Tech Mahindra, CEAT, ITI, Federal Bank, and WeWork India likely to gain focus. These stocks will be watched closely by traders and investors in light of company news, quarterly earnings reports, and general market mood.
Two tech stocks of major importance, namely Wipro and Tech Mahindra, will likely draw attention from the market participants in light of their financial reports and company news related to the state of demand, expenditure of clients, and IT services industry outlook globally. The earnings of these companies can shed light on the well-being of India’s IT industry.
As regards Reliance Industries and Jio Financial Services, their expanding footprint in energy, telecom, retail, and finance sectors will likely keep the market players interested in these names.
Alongside the above two companies, investors would keep track of tyre company CEAT and telecom equipment maker ITI due to their respective corporate updates and prospects of the sector. Shares of banking company Federal Bank can become active amid analysis of the company’s operational performance and credit asset quality.
WeWork India is another such stock that could attract investors’ attention after some corporate developments and would be amongst the significant stocks to be watched during today’s trading session.
As far as the general market scenario is concerned, analysts believe that the market is going to be influenced by the individual stock triggers in addition to global cues, FIIs movements, crude oil prices, and domestic economic data. With the earning season gaining momentum, investors would remain concentrated on the companies reporting good earnings along with a bright outlook for their businesses on July 17.
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