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​On July 16, six stocks from the Nifty500 pack were flagged by the "White Marubozu" bullish scanner. The White Marubozu pattern is recognized as bullish in technical analysis.

The budget is likely to maintain its fiscal consolidation and borrowing targets, as per the announcement made in the Interim budget in February. We expect continuation on the policy front and the messaging to be consistent with previous budgets.

Citi has maintained a neutral rating on Infosys but increased the target price significantly from Rs 1,550 to Rs 1,850. This suggests they expect the stock price to rise, albeit without a strong buy recommendation. The guidance for future revenue growth was revised to 3-4%, partly due to recent acquisitions.

ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.

Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 8400.88 Crore).

​Peter Lynch, renowned for his growth at a reasonable price approach to investing, is closely linked with the PEG ratio, assessing PE ratios relative to growth rates.

Indian indices Sensex and Nifty50 peaked at record highs of 81,587 and 24,850 before dropping, dragged by energy and financial stocks. Sensex rose 146 points, Nifty50 gained 59 points. Infosys surged 3% post US share hike, boosting FY25 outlook. Tech Mahindra, Power Grid, Tata Steel, NTPC, JSW Steel lagged. HCL Tech, Asian Paints, HDFC Bank benefited from demand recovery.

​According to technical scan data from stockedge.com, on July 18, six stocks listed on the NSE with market capitalizations exceeding Rs 1000 crore closed above their 200 DMA.