Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
The Centre will hold the ninth round of commercial coal mine auctions today (December 20). Of the 26 coal mines to be auctioned, seven are fully explored, while 19 are partially explored blocks, as per the Ministry of Coal. The mines are located in Chhattisgarh, Jharkhand, Madhya Pradesh and Telangana
DOMS Industries Limited shares are set to list on the BSE and NSE today (December 20). The DOMS IPO price band was set at Rs 750 to Rs 790 per share. DOMS IPO GMP was at Rs 501 as of 6:30 pm on Dec 19
Flair Writing Industries Ltd will release its Q2 earnings for July-September 2023 today (December 20). Flair Writing Industries shares were listed at the beginning of this month on the BSE and NSE on December 1
“On December 19, the Indian benchmark indices concluded with marginal gains in a highly volatile session, closing positively by 34.45 points. The Nifty achieved a new all-time high at the 21,505 level. A Hammer candlestick pattern has formed on the daily chart, suggesting potential bullish momentum. If the Nifty surpasses the 21,500 level, there is positional potential for an upward movement to 21,650 and 21,750 in the coming days,” said Mandar Bhojane, Research Analyst, Choice Broking
"The broader market sustained its optimism, but the incremental rally is contracting. Investors are cautious ahead of the Eurozone inflation data announcement, which is forecast to drop marginally. The dovish stance by BOJ maintained the market sentiments. Amid this, the price of oil stabilized as the US government announced plans to protect the shipping route through the Red Sea. After the recent rally of growth stocks, investors are exhibiting interest in consumption stocks as a bargain strategy," said Vinod Nair, Head of Research at Geojit Financial Services
"Nifty found support just above the 21EMA on the hourly chart, prompting a strong recovery in the latter part of the session. The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently. On the upper side, Nifty is likely to encounter resistance from call writers at 21,500. A definitive breakthrough above 21,500 could potentially initiate a substantial market rally; until then, consolidation appears probable,” said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index maintained its consolidation phase within a range but needs to close above the crucial level of 48,000 to sustain the upward momentum. The lower-end support is positioned at 47,800, and a decisive break below this level on a closing basis may trigger additional selling pressure in the market,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
Kia Sonet facelift bookings have opened from midnight today (December 20). Bookings are open on the Kia website, app, and at pan-India Kia dealerships. Kia Sonet facelift price (ex-showroom) could range from Rs 8 lakh to Rs 15 lakh
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 in major cities