Adani Transmission Ltd., Indian Railway Catering & Tourism Corporation Ltd. (IRCTC), NHPC Ltd., Torrent Power Ltd., Rail Vikas Nigam Ltd., The New India Assurance Company Ltd., Ipca Laboratories Ltd., Natco Pharma Ltd., Campus Activewear Ltd. and Jubilant Pharmova Ltd. are among the companies that will report its Q4 earnings today (May 29)
The Infollion Research Services IPO will open for subscription today (29th May). The company’s listing will tentatively be on June 8. The Infollion Research Services’ IPO price band has been fixed at Rs 80-82 apiece
“We expect this momentum to continue and Nifty to touch its previous lifetime high in the coming weeks. The index is now just 380 points or 2% away from its lifetime high. With result season nearing its end, the focus will now shift to macro data, US debt negotiations and upcoming central bank policy meetings,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
“The markets remained quite bullish, more or less insulated from developments elsewhere. The uptick seen during the week was across market caps and sectors. The prolonged negotiations in the US on the budget ceiling is being looked at with some amount of consternation… Other significant influences on the market would be the economic numbers as well as speculations on the intensity of the economic slide that is likely to happen in the coming quarters. External developments will be of consequence to the markets in the coming weeks more than any domestic event,” said Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
“We expect gold price should consolidate in lower range for the day. Comex spot gold having supports at $1933/$1924 and resistance at $1980/$1995. MCX Gold June future having supports at Rs 59250/59080 and resistances at Rs 59700/60065. MCX Silver July future has supports at 70180/69600 and resistances at 70800/71480,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Prime Minister Narendra Modi is set to virtually flag off Northeast’s first Vande Bharat train today. The train will run from Guwahati in Assam to New Jalpaiguri in West Bengal
Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices today remained stable
The Indian Space Research Organisation (ISRO) will launch its NVS-01 navigation satellite today (29th May) from the second launch pad of Satish Dhawan Space Centre in Sriharikota. The launch is set to strengthen ISRO’s Navigation with Indian Constellation (NavIC) system
The Indian Meteorological Department (IMD) has predicted that Delhi will continue to have relief from till May 30