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​So, yes, I think Infosys had delivered a bad set last quarter. I think that trend probably continues which is very-very unique compared to the other IT companies at this juncture.

India VIX was up by 1.59% from 11.60 to 11.78 levels on Thursday. Volatility spiked to create momentum and cheer the bulls at lifetime high zones. On the monthly options front, the maximum Call OI is placed at 20,000 and then towards 20,100 strike while the maximum Put OI is placed at 19,800 and then towards 19,900 strikes.

Among Sensex stocks, Infosys was the top loser, falling over 8%. HCL Tech, Wipro, Tech Mahindra, HUL, TCS, and Reliance also opened with losses. On the other hand, L&T, Kotak Bank, SBI, Nestle, M&M, and Titan opened with gains.

Gold prices climbed on Friday as a weaker dollar made bullion cheaper for holders of other currencies, while the metal was poised for a third consecutive weekly gain on hopes that the U.S. Federal Reserve will pause rate hikes after July.

Stocks that were in focus include names like Olectra, which fell 0.65%, Policybazaar, which rose 3.66%, and HDFC AMC, which gained 4.51% on Thursday.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

In the Nifty200 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on July 20, suggesting bullishness in counters.

While the Nifty50 has made new highs, performance relative to global markets (the US in particular) has been lackluster. In fact, Nifty has under-performed SPX year-to-date.

I think the financial services business requires a significant balance sheet size straight away. And to that extent, by transferring the treasury shares of Reliance Industries to this business to give that critical mass to the balance sheet and hence kick-start this business, was the strategy which they have sort of leveraged. So that is, I think, the unique strategy they followed for this.