Indian Stocks with Positive Sentiment on 2 July 2023

The Indian stock market was mostly positive on 2 July 2023, with several stocks making headlines for their strong performance. Here are some of the Indian stocks with positive sentiment on the day:

  • Reliance Industries (RIL): RIL’s board approved a proposal to reduce the equity share capital of Reliance Retail to the extent held by shareholders other than its promoter and holding company. This is a positive development for the company, as it will allow it to raise more capital and expand its business.
  • Tata Consultancy Services (TCS): TCS reported strong Q1 FY24 results, with revenue growing 16.2% YoY. This is a positive sign for the company’s future growth prospects.
  • HDFC Bank : HDFC Bank reported strong Q1 FY24 results, with net profit rising 19.2% YoY. This is a positive sign for the company’s future growth prospects.
  • Infosys : Infosys reported strong Q1 FY24 results, with revenue growing 19.7% YoY. This is a positive sign for the company’s future growth prospects.
  • ICICI Bank : ICICI Bank reported strong Q1 FY24 results, with net profit rising 20.9% YoY. This is a positive sign for the company’s future growth prospects.
  • Larsen & Toubro (L&T) : L&T reported strong Q1 FY24 results, with revenue growing 18.1% YoY. This is a positive sign for the company’s future growth prospects.
  • Hindustan Unilever (HUL) : HUL reported strong Q1 FY24 results, with revenue growing 14.2% YoY. This is a positive sign for the company’s future growth prospects.
  • Bajaj Finance : Bajaj Finance reported strong Q1 FY24 results, with net profit rising 23.3% YoY. This is a positive sign for the company’s future growth prospects.
  • Sun Pharma : Sun Pharma reported strong Q1 FY24 results, with net profit rising 17.2% YoY. This is a positive sign for the company’s future growth prospects.

Indian Stocks with Negative Sentiment on 2 July 2023

While the overall sentiment in the Indian stock market was positive on 2 July 2023, there were a few stocks that saw negative sentiment. These include:

  • Adani Green Energy : Adani Green Energy’s stock price fell after the company announced that it would be raising up to Rs. 45,000 crore through a rights issue.
  • Coal India : Coal India’s stock price fell after the company’s board approved a proposal to raise up to Rs. 35,000 crore through a rights issue.
  • ITC : ITC’s stock price fell after the company’s Q1 FY24 results missed estimates.
  • Zee Entertainment Enterprises : Zee Entertainment Enterprises’ stock price fell after the company’s board approved a proposal to merge with Sony Pictures Networks India.

It is important to note that these are just a few of the many Indian stocks that were in the news on 2 July 2023. There are many other stocks that could have a positive or negative impact on the stock market in the near future. Investors should do their own research before making any investment decisions.

Title: Indian Stocks with Positive and Negative Sentiment on 2 July 2023