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​Nifty showed an upside breakout of 19,300- 19,550 levels on Friday and registered a new all-time high at 19,595. A reasonable bull candle formed on daily chart with a minor lower shadow.

The tech-heavy Nasdaq 100 has surged 42% since January 1, its best half-year performance in over 20 years, fuelled by a rush for artificial intelligence (AI).

In a note, ICICI Securities said earnings growth momentum for housing finance (HFC) and microfinance companies is likely to be better sequentially, helped by an upward repricing in asset portfolio after a 25 to 50 basis points hike in lending rates between March and April. One basis point is 0.01 percentage point.

Sectorally, buying was seen in IT, metal, realty, and telecom stocks while selling was seen in consumer durables, and power stocks.

The Nifty faces a crucial resistance at 19,500 for it to continue its upward momentum. Rohan Shah, technical analyst at Religare Broking, advises traders to go short only if Nifty Bank fails to hold the support zone of 44,550-44,450. He predicts that the Nifty IT index could rally further towards 31,500 levels in the near term

Private banking giants HDFC Bank, Kotak Mahindra Bank, YES Bank, and ICICI Bank are scheduled to release their earnings for the first quarter. Other companies such as Infosys, HUL, Ultratech Cement and JSW Steel will also announce their quarterly earnings. TCS, HCL Tech and Wipro have already released their earnings

The public issue with a face value of Rs 2 per equity share comprises Rs 206 crore of fresh issue and an offer for the sale of 8.5 million equity shares. The offer also includes a reservation for a subscription by eligible employees.The company is offering its shares in the range of Rs 475–Rs 500 per equity share. Investors can bid for 30 shares in one lot and in multiples thereafter.The IPO will fetch Rs 631 crore at the upper end of the price band.

The Nifty and Bank Nifty indexes are both in an uptrend, with the former having the upper hand. 70% of equities are trading above their 200-day moving average, while ADX indicates strength in Nifty compared to Bank Nifty. Meanwhile, benchmark indices are predicted to remain bullish though increased volatility may be seen.

Low PE stocks are considered value stocks, which are best suited for long-term investment horizons.

Reliance Industries and Tata Consultancy Services led the pack among the top-10 most valued Indian companies, adding a combined Rs 2,03,010.73 crore ($27.5bn) in market valuation last week, mainly due to gains in equity markets. The value of Reliance Industries rose to Rs 18,53,033.73 crore last week, while TCS