The Nifty50 has comfortably surpassed 17,000-17,100 in July and now market action will be guided by auto sales, PMI numbers and GST collection figures for cues as well as the outcome of the MPC meeting scheduled for August 5.
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
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