RIL may see $130 million in outflows. It would be followed by ICICI Bank ($78 million) and Infosys ($77 million). HDFC Bank ($58 million) and TCS ($53 million) would be two other stocks seeing over $50 million in outflows.
Cummins India, HDFC Asset management, IDFC First Bank, Supreme Industries and Astral are other stocks that are likely to see strong inflows on MSCI inclusion.
ONGC Q1 results: ICICI Securities expects ONGC to report a 56 per cent YoY drop in profit at Rs 6,700 crore on a 27 per cent YoY drop in sales at Rs 30,700 crore.
BSE Sensex shed 307.63 points, or 0.47 per cent, to settle at 65,688.18, while NSE's Nifty50 dropped 89.45 points, 0.46 per cent, to end the day at 19,543.10 for the day
After correcting from a high of Rs 96, SAIL found support at Rs 90 level. These are strong supports, as they correspond to intermediate highs tested in the previous month.
Stocks to watch out for today: Torrent Pharma, Tata Chemicals, Paytm, Sobha, Godrej Consumer, Inox Wind, BEML, Adani Ports, Coal India, Siemens, Hindalco, Adani Green and more
Tata Power has witnessed decent gains recently as it touched the peak zone of Rs 245 level. From there, it faced resistance and has fallen to some extent.
Lloyds Engineering share price: On the technical front, analysts largely said that the counter looked 'overbought'. Bourses BSE and NSE have put the securities of Lloyds Engineering under the long-term ASM (Additional Surveillance Measure) framework. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.
Top stock picks for today: Deven R Choksey on Monday told BT TV that if the economy has to move to $5 trillion mark in the next 3 to 5 years, banking and finance companies with a larger balance sheet would remain extremely effective preposition.
This week, the market will be looking for major economic data such as RBI interest rate decision, industrial production data, and core inflation data in the US
Dixon Tech, Netweb: This announcement will give thrust to important electronics where India is reliant on imports, said Divam Sharma, Founder and CEO of Green Portfolio PMS.
Top stock picks for today: Avinash Gorakshakar on Friday told BT TV that MGL posted strong numbers in the first quarter of the current financial year (Q1 FY24). The company's operating EBITDA almost doubled. "Buy at current levels for a target price of Rs 1,500 in the next 12-15 months," he suggested.
Nalco is finally breaking out of an ascending wedge pattern. A steadily rising RSI and the turning around of ADX from the bottom are suggesting continuation of bullish momentum.