Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
CONCOR, Power Grid Corporation Of India Ltd, Bayer Cropscience Ltd, Cigniti Technologies Ltd, MSTC Ltd, Sundram Fasteners Ltd and Saksoft Ltd shares are set to trade ex-dividend today (November 16)
Arrowhead Seperation Engineering Limited IPO is set to open for subscription today (November 16) and close on Nov 20. The Arrowhead Seperation Engineering IPO price has been fixed at Rs 233 per share. Arrowhead Seperation Engineering shares will list on the BSE SME with the tentative listing date of November 29
Indian Sucrose Ltd, formerly known as Oswal Sugars Ltd, will release its Q2 earnings for July-September 2023 today (November 16)
“After a pause on Monday, the Indian stock market rebounded, buoyed by robust domestic and global cues. The Nifty50 initiated the day on a strong note, steadily building on its gains to conclude at 19,675.45, marking a notable increase of 232 points. Similarly, Sensex closed at 65,675.93 up 742 points. Every sector closed the day in positive territory, with Realty, IT, and Auto sectors outperforming the others,” said Shrey Jain, Founder and CEO SAS Online
“The optimistic global indicators suggest a trajectory toward new highs. Anticipating a sustained bull run with intermittent pauses, we foresee the Nifty reaching the 20,000 mark in the near term, particularly once it breaches the formidable resistance at 19,800. Likewise, for the Sensex, a potential ascent to 68,000 levels is conceivable upon a decisive breach of its existing resistance situated at 66,000 levels,” said Shrey Jain, Founder and CEO SAS Online
"Nifty has witnessed a robust upward movement, propelled by a strong global equity market sentiment, particularly following a gap-up opening. On the daily chart, the index has shown significant upward momentum after a consolidation phase, indicating an increase in optimism. The overall trend appears positive, with the index consistently maintaining levels above the critical moving average. Looking ahead, bullish sentiment is likely to persist as long as the index remains above 19,500. On the upper side, resistance is anticipated in the range of 19,700 to 19,850,” said Rupak De, Senior Technical analyst at LKP Securities
"Bank Nifty exhibited a predominantly sideways movement subsequent to a gap-up commencement. Nevertheless, the index has consistently maintained its position above the crucial moving average on the daily chart, indicating a positive trend. Key support is situated at 44,000, and the sentiment is expected to stay optimistic as long as it remains above this level. On the upside, there is a potential movement towards 44,750,” said Rupak De, Senior Technical analyst at LKP Securities
The second World Cup 2023 is set to take place at Eden Gardens in Kolkata today (November 16) as South Africa will take on Australia. India has already qualified for the World Cup final after beating New Zealand by 70 runs
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