Banks in Bengaluru, Chennai, Hyderabad - Telangana will remain closed on the occasion of Varasiddhi Vinayaka Vrata/Vinayaka Chathurthi today (September 18), as per the RBI holiday calendar
Larsen & Toubro’s Rs 10,000 crore share buyback offer will begin today and the buyback will close on September 25. L&T had earlier in July said that it would buyback 3,33,33,333 of its fully paid-up equity shares of face value of Rs 2 each from the members of the company at a maximum price of up to Rs 3,000 per share, for an aggregate consideration of up to Rs 10,000 crore
Madhusudan Masala IPO is set to open for subscription today (September 18). The SME IPO will close on Sept 21. Madhusudan Masala IPO price band has been set at a fixed price band of Rs 66-70 apiece. Madhusudan Masala shares will list on the NSE SME with the tentative listing date of October 3
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Mastek, Texmaco Rail, Glenmark Pharma, Container Corporation of India (Concor), Ami Organics, Sharda Motor Industries and Gujarat Narmada Valley Fertilizers & Chemicals are among stocks that will turn ex-dividend today (September 18)
“We expect a positive tone to continue in the Nifty, with some intermediate consolidation citing a hurdle at 20,300 levels. Participants should maintain a “buy on dips” approach and look for stocks offering a favourable risk to reward ratio,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd
"The sentiment remains positive as the Bank Nifty approaches its all-time high. The strong presence of Put writers at 46,000 has supported the index to stay in positive territory. The trend is anticipated to stay bullish as long as the Bank Nifty remains above the 46,000 mark. In the short term, there is potential for the Bank Nifty to reach levels around 46,700 and 47,000 on the upside,” said Rupak De, Senior Technical analyst at LKP Securities
“We believe gold's short-term trend remains moderately bearish, but a short-covering rally is likely to be seen in gold prices for the day. Comex gold has key support at $1897 and resistance at $1924. The price is expected to trade in this range for the day. The MCX Gold October future has support at Rs. 58,405 and resistance at Rs. 58,925,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Apple is set to release the iOS 17 and iPadOS 17 for eligible devices today (September 18). The tech giant had announced updates to the operating systems for the iPhone and the iPad at the Apple Wonderlust event on September 12. Notably, iPhones from 2017 or before, which include iPhone 8, iPhone 8 Plus and iPhone X, will not receive the iOS 17 update
“We expect that after the recent rally, crude oil prices should consolidate at the upper end of the range with a positive bias. NYMEX WTI Crude Oil has resistance at $92.80 and support at $88.70. The MCX crude oil September contract has support at Rs. 7,425 and resistance at Rs. 7,600,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
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