Markets witnessed a strong rebound on Friday, with benchmark indices gaining nearly 1% amid supportive global cues and encouraging earnings from the IT sector. According to reports from The Economic Times, this positive momentum has prompted analysts to identify specific stock opportunities for Monday trading. The recovery was supported by encouraging IT earnings and favorable global market conditions, though participants remain watchful of geopolitical developments that could influence future market direction. Latest market data shows the BSE 500 index closing at 36,506.1, representing a 1.16% daily gain and 3.23% weekly returns, demonstrating continued market resilience.
CDSL has been recommended as a buy opportunity with a buying zone of ₹1,432-1,435 and a stop-loss at ₹1,360 for a target of ₹1,575. As reported by The Economic Times, the stock has confirmed a strong breakout above a key resistance zone with robust volume expansion, indicating fresh buying interest. Virat Jagad, Senior Technical Research Analyst at Bonanza Portfolio, notes that price is trading above the key short-term EMAs, while RSI has moved into the bullish zone, providing multiple technical confirmations for continued upside momentum toward the target.
Sumitomo Chemical India has been recommended as another buy opportunity with a buying zone of ₹514-517 and a stop-loss at ₹480 for a target of ₹585. According to The Economic Times, the stock has confirmed a decisive breakout above a key resistance zone with strong volume participation, signalling fresh buying interest. Virat Jagad from Bonanza Portfolio emphasizes that price is trading above the key short-term EMAs, while RSI has moved firmly into the bullish zone, providing multiple technical confirmations for sustained upside momentum toward the target.
Nearly 100 stocks are turning ex-date for dividends, stock splits and rights issues during the July 13-17 week, with several major companies including TCS, Dabur, and MRF among the notable corporate actions. As reported by The Economic Times, investors must hold shares by record dates to qualify for respective corporate actions. July 13 will see five stocks turn ex-record date, with Mahindra & Mahindra Financial Services paying the highest dividend of ₹7.5 per share. July 14 will be the busiest day with 13 companies having Tuesday as their record date, including UTI Asset Management Company paying ₹40 per share - the highest among Tuesday actions. July 15 will see TCS pay its ₹12 per share interim dividend with record date fixed for Wednesday, while July 17 will see over 50 companies turning ex-record date, including MRF paying ₹229 per share and 3M India announcing the highest overall payout of ₹506 per share.
