Bajaj Auto, Wipro, LTIMindtree Q2 results, IRM Energy IPO to open for subscription in Top News on October 18: Share markets, Nifty, gold, crude oil outlook, Samsung Galaxy A05s India launch

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Q2 Results of Bajaj Auto,
Wipro, LTIMindtree
today (October 18)

Bajaj Auto, Wipro, LTIMindtree, Bandhan Bank, IndusInd Bank, ICICI Lombard, Titagarh Rail Systems, Shoppers Stop, Zee Entertainment Enterprises, Tips Industries, Heritage Foods, Astral, UTI AMC, IIFL Finance and Polycab India are among companies that will release their Q2 earnings for July-September 2023 today (October 18) [{ "selector": ".rxkwm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 390px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".ragpn-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

IRM Energy IPO to open
for subscription today
(October 18)

IRM Energy IPO is set to open for subscription today (October 18) and close on October 20. The IRM Energy IPO price band has been set at Rs 480 to Rs 505 per share. IRM Energy shares will list on the BSE and NSE with the tentative listing date of October 31 [{ "selector": ".pbgff-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 420px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".etucl-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Banks closed in Assam
today (October 18)

Banks will remain closed in the North Eastern state of Assam today (October 18) on the occasion of Kati Bihu. Kongali or Kati Bihu is one of three festivals related to agriculture celebrated by the Assamese community [{ "selector": ".ckkef-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 420px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".zlrps-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Share market outlook today (October 18)

“Markets snapped a 3-day losing streak on broad-based buying even as participants remained worried about rising tensions in the Middle East. All eyes will be on Federal Reserve Chair Jerome Powell who is also scheduled to speak on Thursday (October 19) for further insights into the central bank's next steps and guidance on US interest rate policies. Technically, while the market will waver and trade choppy, the biggest support for Nifty is placed at 19,509 mark while confirmation of strength only above the 19,887 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd [{ "selector": ".orcoi-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 285px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".gxott-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Nifty outlook today
(October 18): Analyst view

“The market started to gap up following strong global sentiment and has so far remained in strength. The short-term trend remains strong as the index sustains above critical moving averages on the daily timeframe. A "buy on dips" strategy is favoured as long as it remains above 19,550. On the higher end, it might move towards 20,000-20,200," said Rupak De, Senior Technical analyst at LKP Securities [{ "selector": ".gmnau-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 325px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".duamk-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Bank Nifty technical view today (October 18)

"The market witnessed a persistent struggle between the bulls and the bears, resulting in the index closing around the resistance level of 44,500. This signifies ongoing uncertainty and indecision among market participants.The index is currently stuck within a broad trading range, with support around 44,000 and resistance at 45,000. This range-bound movement suggests a lack of a clear, sustained trend in either direction.Despite the sideways trading range, the overall sentiment within this range remains bullish. Investors are inclined to use dips in the market as buying opportunities, reflecting confidence in the potential for upward movements,” said Rupak De, Senior Technical analyst at LKP Securities [{ "selector": ".xemzj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 255px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".nrono-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Gold Price today (October 18): Analyst outlook

“Despite today’s sideways trade in gold, we believe on-going geopolitical concern continues to provide support at a lower level, and traders should adopt a buy-on-dip strategy. Comex spot gold has support at $1,895 and resistance at $1,933. The MCX Gold December future has strong resistance at Rs. 59,450 and support at Rs. 58,700,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities [{ "selector": ".ffwcf-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 364px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".lbrcp-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Crude oil price outlook today (October 18)

“We believe crude oil's short-term trend remains range-bound amid mixed global cues. MCX crude oil November future is likely to trade in the range of 7,005 to 7,255 for the day. NYEMX WTI crude oil has resistance at $88.0 and support at $85.25,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities [{ "selector": ".nkwzw-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 385px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".osblr-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Samsung Galaxy A05s India launch today (October 18)

Samsung Galaxy A05s, a budget smartphone from the Korean tech giant, is set to launch in India today (October 18). Samsung Galaxy A05s will be available in India in three colours- black, light green, and light violet. Powered by an octa-core Qualcomm Snapdragon 680 SoC, Galaxy A05s will come with a 6.7-inch full-HD+ display and the triple camera setup in the back could come with a 50-megapixel primary camera. The budget smartphone was earlier launched in the Philippines, where the price of the 4GB + 128GB variant of Galaxy A05s was Rs 11,700 approx [{ "selector": ".xdgmb-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 295px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".uopxj-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Petrol, Diesel Price today (October 18)

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 [{ "selector": ".olnwt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 428px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".dugld-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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