13th round of India-UK FTA talks, Ratnaveer Precision Engineering IPO to open in Top News on September 4: Share markets, Bank Nifty outlook, Realme C51, Honda Elevate, Volvo C40 Recharge India launch
Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh
India and UK officials are set to hold the 13th round of Free Trade Agreement (FTA) talks from today (September 4). Commerce and Industry Minister Piyush Goyal recently stated that the negotiations between India and the UK for the proposed agreement are progressing and both countries are committed to concluding the talks as early as possible
13th round of India-UK
FTA talks from today
(September 4)
Gravita India, Electrosteel Castings, Vindhya Telelinks, Asian Hotels (East), TVS Srichakra Ltd, Universal Cables Ltd, Radiant Cash Management Services, Ludlow Jute & Specialities Ltd, Jai Corp Ltd, and Birla Cable Ltd, are among stocks that will turn ex-dividend today (September 4)
Ex-dividend stocks today
(September 4): Gravita India,
Asian Hotels (East)
Ratnaveer Precision Engineering IPO is set to open for subscription today (September 4) and close on Sept 6. Ratnaveer Precision Engineering IPO price band is Rs 93 to Rs 98 per share and the IPO will list on the BSE and NSE
Ratnaveer Precision
Engineering IPO to open
today (September 4)
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“Nifty has started the September series on a bullish note, as the index has moved above the 21EMA for the first time in several days. This suggests the potential for a bullish reversal. Additionally, the index has broken out of a falling channel, further indicating increasing bullish sentiment. Looking at the higher end of the spectrum, there is now a resistance level at 19,530 points. If the Nifty manages to breach this resistance, it could signal a continuation of the uptrend. On the lower end, there is strong support at 19,340 points,” said Rupak De, Senior Technical analyst at LKP Securities
Share market outlook today (September 4): Analyst view
"Bulls have regained strength and successfully defended the crucial support zone of 44,000-43,800. This area also witnesses fresh put writing, indicating strong support.The next immediate hurdle for the index is positioned at 44,500. A successful breakout above this level is likely to trigger a fresh upward movement.The overall sentiment and undertone in the Bank Nifty Index remain bullish, as long as the mentioned support levels of 44,000-43,800 are held on a closing basis,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
Bank Nifty technical view
today (September 4)
“From a technical perspective, the short-term trend remains moderately bullish until Comex gold trades above the $1,924 level, and traders should adopt a buy-on-dip strategy. Comex spot gold has resistance at $1,955–$1,960 and support at $1,924 for the day. The MCX Gold October future is expected to trade in a range of Rs. 59,025 to Rs. 59,700,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Gold Price today
(September 4): Analyst
outlook
Honda Elevate will launch its variants SV, V, VX and ZX today (September 4) in India. The much-awaited midsize SUV Honda Elevate will be going up against SUVs like Hyundai Creta and Kia Seltos Facelift. Volvo C40 Recharge is a SUV, the carmaker’s second electric SUV in India, is also set to launch today at an expected starting price of Rs 59 lakh
Honda Elevate, Volvo C40
Recharge India launch today
(September 4)
Realme C51 will be launched in India today (September 1). The budget smartphone will feature a 5000mAh battery and 33W SuperVOOC charging for the Indian variant. Realme C51 price is expected to be Rs. 10,499, as per 91mobiles
Realme C51 India launch
today (September 4)
“We expect bullish momentum to continue in crude oil, and the price can rally further from its current level. From a level perspective, NYMEX WTI Crude Oil has immediate resistance at $84.8; then 87.0 is the next major resistance, and it has support at $82.20 for the day. The MCX crude oil September contract has support at Rs. 6,870 and resistance at Rs. 7,060,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Crude oil price outlook
today (September 4)
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 remained stable today