Last week’s stock market had a jarring close. Due to the US Federal Reserve’s decision on interest rates, the settlement of monthly derivative contracts, and the quarterly results of many significant firms, this week will be extremely turbulent for domestic stock markets. Investors may fill their sacks on Monday with shares of Reliance Industries, ICICI Bank, Kotak Mahindra Bank, GAIL India, and Yes Bank. Reliance released its quarterly results on Friday after the market had closed.
In the first quarter of the current financial year, the Mukesh Ambani-led business did well. Reliance Retail, Jio Platforms, and the company’s oil to-chemical business were some of the strongest performances in the quarter. The company’s profit climbed by 41% to 41% over this time, while its sales increased by 53% to Rs. 242982 crores. Ebitda for the firm increased by 45.8% to Rs 40,179 crore. There is a chance that Reliance’s shares will increase on Monday based on this outstanding performance.
Read more:- Bharat Electronics (BEL) Share Jumped 5 Percent in BSE
Stock Market Volatility Is Expected To Increase
The head of research at Swastika Investment, Santosh Meena, predicted that this week will be jam-packed with new happenings. We are witnessing the potential for rising volatility in such an environment. For the month of July, futures and options contracts must be settled by Thursday. The market will be volatile overall under this circumstance. Meena stated that the Federal Free Market Committee (FOMC) meeting’s outcomes on the international front will be released on July 27. This will be the most significant change in terms of the market. (Read more:- Rashmika Mandanna to Make Her Bollywood Debut With Goodbye)
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