Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
Aurobindo Pharma, Mazagon Dock, Cochin Shipyard, Kaveri Seed, Balrampur Chini Mills, GMM Pfaudler, Anupam Rasayan, GM Polyplast and Bella Casa Fashion & Retail shares are set to trade ex-dividend today (November 20)
Arrowhead Seperation Engineering Limited IPO will close for subscription today (November 20). The SME IPO’s price was fixed at Rs 233 per share. Arrowhead Seperation Engineering shares will list on the BSE SME with the tentative listing date of November 29
Ashiana Ispat Ltd, CRP Risk Management Ltd, VJTF Eduservices Ltd and Toyam Sports Ltd are among companies that will release their Q2 earnings for July-September 2023 today (November 20)
“The Sensex and Nifty 50 concluded on a lower note and BSE Sensex saw a decrease of 187.75 points or 0.28%, closing at 65,794.73, and the Nifty 50 ended at 19,731.80, down 33.40 points or 0.17%. The market's response to RBI restrictions was cautiously measured, leading to significant reductions in banking and financial services indices,” said Shrey Jain, Founder and CEO SAS Online
“Selling in banking and oil & gas stocks led the fall in key benchmark indices, even as most of the global indices ended on a higher note. Investors booked profit in banking stocks on concerns that RBI's new norms on personal loans would hurt lending growth going ahead. Although risk on sentiment had returned to the markets in recent sessions, global uncertainty would continue to dictate trends and keep investors on tight leash. Technically, the gates are still open for fresh highs despite profit-booking on Friday. Nifty needs to reclaim the 19,889 mark to unleash fresh upside, while the biggest supports are placed at 19,471 mark,” said Prashanth Tapse, Research Analyst-Sr VP Research, Mehta Equities Ltd
"The Nifty has largely traded within a range, showing a predominantly bullish sentiment. Over the past two to three days, a 'buy on dips' approach has been loved by the street since the Nifty crossed the crucial 19,500 mark. The trend is expected to stay positive as the Nifty consistently concludes trading sessions above the critical moving averages. Support levels are situated at 19,630/19,500 on the lower end, while resistance is placed at 19,850/20,000 on the higher end,” said Rupak De, Senior Technical analyst at LKP Securities
""Following the RBI's announcement of tightening provisions for consumer loans, the Bank Nifty opened with a gap down and sustained below the 44,000 mark. The index's next support is situated at the 43,300-43,250 zone, serving as a crucial line of defense for the bulls. If this level holds, it could pave the way for a potential recovery towards the 44,000 mark. However, a breach of the mentioned support may intensify selling pressure, leading the index further down towards the 42,700 level on the downside,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
Redmi Note 13R Pro could likely launch in China today (November 20). The Redmi Note 13R Pro will be available in three colours, as per the China Telecom listing with the Redmi Note 13R Pro price being CNY 1,999 or around Rs. 23,000 for the 12GB RAM + 256GB storage model. There is no word from Xiaomi yet on whether Redmi Note 13R Pro will get an India launch
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