Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
Adani Ports & Special Economic Zone (APSEZ), Rail Vikas Nigam (RVNL), Apollo Hospitals Enterprise, Zee Entertainment Enterprises, ABB India, Samvardhana Motherson International, Bosch, Muthoot Finance, Aurobindo Pharma, Ashok Leyland, Abbott India, Page Industries, General Insurance Corporation of India, Torrent Power, SJVN, Finolex Cables, Ircon International, AstraZeneca Pharma India, Lemon Tree Hotels, Redtape, ITI, GlaxoSmithKline Pharmaceuticals, The Ramco Cements, Piramal Enterprises, Cholamandalam Financial Holdings, Aditya Birla Fashion and Retail, National Aluminium Company, are among companies that will release their Q2 earnings for July-September 2023 today (November 9)
Today (November 9) marks the last day to subscribe to the ASK Automotive IPO. The IPO price band has been set at Rs 268 to Rs 282 per share. ASK Automotive IPO GMP was Rs 50 at around 6:30 pm on Nov 8. ASK Automotive shares will list on the BSE and NSE with the tentative listing date of November 20
Godrej Consumer Products and Nippon Life India Asset Management shares are set to trade ex-dividend today (November 9)
“Market had a cautious midweek session, Nifty is hovering around the crucial level of 19450, and Bank Nifty is just shy of 44000 with most sectors remaining range-bound… For us, the market's direction in the next few sessions will determine our medium to long-term outlook. It's a crucial turning point. The immediate resistance is positioned at 19,500, and the downside is safeguarded at 19,315,” said Shrey Jain, Founder and CEO SAS Online
"Significant support from put writers is evident at 19,400, where they have established a substantial position. On the lower side, support levels are situated at 19,400/19,300. Conversely, resistance on the higher end is positioned at 19,500, where call writers have added significant positions,” said Rupak De, Senior Technical analyst at LKP Securities
"Bank Nifty traded sideways throughout the day. Nevertheless, the prevailing trend appears to be bullish as the index closed above a critical short-term moving average. Support is established at 43,500 on the lower end. As long as the index maintains its position above 43,500, a "buy on dips" strategy is considered appropriate. On the higher end, there is potential for the index to advance towards 44,200,” said Rupak De, Senior Technical analyst at LKP Securities
“The Indian Rupee's stability, despite a near-record low of 83.29 against the US dollar, is attributed to the Reserve Bank of India's robust defense involving nearly $23 billion in the past four months. This comes as a surprise, given the sharp drop in global crude oil prices. All eyes are now on Federal Reserve Chair Powell's speech for insights into interest rate prospects. In the USD/INR pair, support is at 83.15-83.05, with resistance at 83.45-83.55, highlighting the complex interplay of domestic and global factors affecting the rupee,” said Rahul Kalantri, VP Commodities, Mehta Equities Ltd
British sports car maker Lotus is set to make its debut in India today (November 9) in partnership with the New Delhi-based Exclusive Motors. Their initial foray will see two launches - the Emira and the Eletre. While the Lotus Emira is said to be Lotus’ final ICE vehicle, the Lotus Eletre is a luxury electric Hyper-SUV offering from the car maker
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