The official data on consumer price index (CPI)-based inflation for July is set to be released today (August 14). SBI Ecowrap has pegged headline CPI inflation at 6.7% in July based on domestic food inflation
ITC, Vodafone India, PC Jeweller, Bajaj Healthcare, Hindustan Copper, AstraZeneca Pharma, Indiabulls Housing Finance, Swan Energy, Borosil, Brightcom Group, Lux Industries, Senco Gold, HMA Agro Industries, Uflex, Sanghi Industries, Gensol Engineering, Meghmani Organics and Divi's Lab are among the companies that will announce their Q1 results today (August 14)
Eicher Motors, Hindalco, KPIT Technologies, Amba Enterprises, Alkali Metals, Avantel, CAMS, CL Educate, Everest Industries, Fine Organic Industries, Heritage Foods, HG Infra, ISGEC Heavy Engineering, Kamdhenu, Maharashtra Seamless, Mahanagar Gas, Quest Capital, REC, Steel Strips Wheels, Varun Beverages are among stocks that will trade ex-dividend today (August 14)
“The prevailing sentiment seems to lean towards selling on rallies, with an immediate resistance level observed around 44,500. Looking ahead, the index's next significant support is positioned at 43,700, which might serve as a buying zone for the bulls, potentially triggering a bounce back,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
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“From a technical standpoint, the Nifty continues to exhibit a bearish trend as it remains below the 21-day Exponential Moving Average (21EMA). The Relative Strength Index (RSI) is also indicating a bearish crossover. In the short term, there's a possibility that the index might decline towards the 19,300 level. On the upside, there's a resistance level situated at 19,500,” said Rupak De, Senior Technical analyst at LKP Securities
“On the technical front, we believe gold prices have limited upside and the trend will remain bearish until Comex gold trades below $1,950. For the day, Comex Spot Gold has support at $1,910 and resistance at $1,933. The MCX Gold October future has support at Rs 58,705 and resistance at Rs 59,380,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Redmi K60 Ultra is set to be launched today (August 14). Touted to be the world’s first smartphone with 24GB RAM, the Redmi K60 Ultra will have a global launch at an event in China. Redmi K60 Ultra specs include a MediaTek Dimensity 9200+ chipset while the 24GB RAM variant will come with 1TB storage. Redmi K60 Ultra price is expected to be around Rs 42,000 as per 91Mobiles
“We believe crude oil prices are oversold on technical parameters and are likely to witness a minor correction before continuing to rally. For the day, NYMEX WTI Crude oil has support at $79.80 and resistance at $84.50. MCX Crude August future likely to correct towards the Rs 6,650 level in the short term, and it has resistance at Rs 7,020,” 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