Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh
HDFC Life Insurance, Gujarat Hotels, Aditya Birla Money, Coromandel Engineering Company, Den Networks, Hathway Bhawani Cabletel, Sai Silks, Som Distilleries & Breweries, Tata Steel Long Products and Vivanta Industries are among companies that will release their Q2 earnings for July-September 2023 today (October 13)
Prime Minister Narendra Modi will inaugurate the ninth G20 Parliamentary Speakers’ Summit (P-20) in Delhi today (October 13). Parliamentary representatives from G20 countries and various stakeholders will participate in the two-day P20 Summit
“The market ended slightly down, mainly because of disappointing TCS quarterly earnings, impacting the IT index… However, the market undertone is still bullish. We maintain our perspective that a convincing close above 19,880 will pave the way for a rally to 20,000. Conversely, a strong support area lies between 19,720-19,760 on the downside,” said Shrey Jain, Founder and CEO SAS Online
“"Nifty remained in a range-bound pattern after a flat opening. Throughout the session, Nifty barely moved outside the previous day's range. Looking ahead, we can expect the market to continue this range-bound movement until Nifty makes a decisive breakout either above 19850 or below 19750. A clear breakout above 19850, it could potentially propel Nifty towards the 20000 level,” said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index continued its consolidation phase, encountering resistance at 44,700 and support at 44,400. The overall market sentiment remains bullish, and any dips should be considered as opportunities to initiate fresh long positions. The target is 45000, where the highest open interest exists on the call side. A break above 44,700 is expected to accelerate upward momentum, driven by fresh short-covering activities," said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“We believe bullish momentum will continue in the gold price, and Comex gold prices can rally towards $1,894 levels. Short-term supply is likely to be near the $1,894 level, and it has support at $1,859 for the day. The MCX Gold December future has resistance at Rs. 58,380 and support at Rs. 57,825,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“We believe crude oil prices are likely to trade in a broader range amid mixed fundamentals. MCX crude oil October future has support at 6880 and resistance at 7080. The price is expected to trade in this range for the day. NYMEX WTI Crude Oil has resistance at $87.0 and support at $82.80,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
National Cinema Day 2023 will be celebrated across India today (October 13) with affordable movie tickets available for as low as Rs 99 at select cinemas. Tickets for National Cinema Day 2023 can be booked online for various movies including Jawan, Fukrey 3, Thank You for Coming via BookMyShow, PayTM and official cinema chain websites
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