The initial public offering (IPO) of Aeroflex Industries will open for subscription on August 22. The issue closes on August 24.
Dreamfolks Services, ICICI Securities, Natco Pharma, NHPC, Sun TV are among stocks that will turn ex-dividend today (August 22).
"Markets started the week with an uptick and gained nearly half a per cent. Participants shouldn’t read much into intermediate rebound or a pause until Nifty decisively reclaims 19,650 levels or forms a reversal pattern. And, we recommend continuing with stock-specific trading approach and maintaining a focus on risk management," said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.
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"The Bank Nifty saw a recent attempt by bulls to defend the support around 43,750, coinciding with the 100-DMA. Maintaining this support suggests a bullish stance for the index. Immediate resistance lies at 44,200. A breakthrough could pave the way for further gains towards 44,500. The momentum indicator, RSI, trading in oversold territory, signals the potential for a bounce from current levels. This factor should not be disregarded,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
"On the daily chart, the price of gold is forming a Rounding top and trading in a Falling channel pattern. Price is moving under the 50-DMA and 100-DMA levels, which are around 59,100 and 58,830, respectively. At the 200-DMA level, placed at 57,435, there would be significant support. For the week, the outlook for gold prices is moderately bearish," said Choice Broking.
"Crude price has fallout from the Rising channel formed on Daily chart and sustained above the support of 20-DMA placed at 6,655. In the past week momentum, price has given a Golden crossover i.e. crossover of 50 and 200 EMA at the point of 6,380, which is a significant sign of further Bullish momentum in Crude. Key resistance would be at 6,800 – 7,150," said Choice Broking.
Minister of Road Transport & Highways will be launching the Bharat New Car Assessment Program (Bharat NCAP) today. According to the government, Bharat NCAP aims to provide a tool to make a comparative assessment of the crash safety of vehicles. Under this program, manufacturers can voluntarily offer their cars to be tested as per the Automotive Industry Standard (AIS) 197. Based on the performance, the cars will be awarded star ratings for adult occupants and child occupants.
Prime Minister Narendra Modi will be on a four-day visit to South Africa and Greece from August 22. During three-day visit to Johannesburg in South Africa from August 22-24, PM Modi will attend the 15th BRICS Summit at the invitation of President of South Africa Matamela Cyril Ramaphosa. During the visit, PM will hold bilateral meetings with some of the leaders present in Johannesburg.
The India Meteorological Department (IMD) has predicted heavy rainfall over several parts of West Bengal and northeastern states till August 26. The weather office said in its update that heavy rains are likely to occur in districts such as Darjeeling, Alipurduar, Kalimpong, Jalpaiguri, and Cooch Behar from August 21 and will continue on August 22.
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.