Produced by: Bhoomika
Designed by: Mohsin Shaikh
Some of the IPOs scheduled to be listed on NSE SME on October 11, 2023 are Canarys Automations, Oneclick Logistics, Goyal Salt and E Factor
IT major Tata Consultancy Services will announce second quarter results and its board might consider buyback of shares today (October 11).
"Markets rebounded sharply after Monday’s slide and gained nearly a percent amid mixed cues. After the gap-up start, Nifty inched gradually higher as the session progressed and finally settled around the day’s high at 19,689.85 levels. The majority of sectors participated in the move wherein realty, metal and financials were among the top gainers. And rebound in the broader indices further added to the positivity," said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.
"Nifty has finally crossed the immediate hurdle of short-term moving average (20 EMA) and we expect Nifty to test 19,800. However, the sustainability of the move would depend upon the performance of the heavyweights, especially from the banking and IT pack. Meanwhile, mixed global cues could keep the volatility high. Traders should avoid aggressive trades and prefer a hedged approach," as per Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.
“COMEX Gold prices rose for the second day and closed at a one week high of $1,864.3 per troy ounce on Monday, amid improved safe haven bids coupled with dovish comments from Fed officials, leading to speculation that Fed might have reached terminal rates. Meanwhile, Hamas surprise attack on Israel raised the odds of an all-out regional war, boosting the appeal for the yellow metal,” said Ravindra Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities Ltd.
“WTI Crude oil surged almost 4%, amid conflict in middle-east raising supply concerns after Israel was attacked by Hamas, which prompted the former to declare war. Any retaliation against Tehran for its alleged involvement in the attacks could endanger the passage of vessels through the Strait of Hormuz, a vital conduit for oil transport. Oil prices might remain buoyed owing to rise in risk premium, as Middle East is a source of one third of world’s crude,” said Ravindra Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities Ltd
India will be playing its second World Cup 2023 match today vs Afghanistan. The match will begin at 2:30 pm and will be played at Arun Jaitley Stadium in New Delhi .
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.
Sri Lanka will be handed over the chairmanship of Indian Ocean Rim from 2023 to 2025, with the Foreign Minister of Bangladesh ceremoniously transferring the baton to Sri Lanka's Foreign Minister M.U.M. Ali Sabry. India is also one of its 23 members
International Day of the Girl Child is celebrated on October 11. It is aimed at raising awareness about issues facing girls internationally, such as lack of education, nutrition, legal rights, medical rights and forced child marriage.