Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh
Hindustan Unilever, ITC, Nestle India, PVR Inox, Coforge, Equitas Bank, Havells, Metro Brands, Tata Coffee, Tata Communications, Voltas, Ultratech Cement, Mphasis, United Breweries, Updater Services, Tanla Platforms and Jindal Stainless are among companies that will release their Q2 earnings for July-September 2023 today (October 19)
Piramal Enterprises Limited has planned to raise Rs 1,000 crore from its maiden Non Convertible Debentures (NCDs) issuance today (October 19). Piramal Enterprises NCD, meant to fund business growth, will close on November 2 with an option of early closure as per SEBI norms. The tranche I issue comprises the base issue size of Rs 200 crore and a green-shoe option of up to Rs 800 crore, aggregating up to Rs 1,000 crore
“Nervousness remained high amidst deepening Middle-East tensions, as Israel-Palestine conflict deepens. Other negative factors such as Uninspiring Q2 from corporate India Inc, the 10-year US Treasury yields spiking to 4.85%, rising expectations of one more interest rate increase from the Fed, and anxiety ahead of Powells Thursday’s speech continue to weigh on the sentiment. Technically, Nifty’s biggest support is placed at the 19,509 mark, while confirmation of strength for the index can be seen once it surpasses the 19,887 mark hurdle,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
“Going forward, the index may witness a range-bound move until it breaks out in either direction. A fall below 19,650 might give bears more strength and the Nifty might fall down towards 19,250. On the higher end, a decisive move above 19,850 might open the way towards 20,200," said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index experienced a bearish phase, encountering strong resistance at 44,500, where the highest open interest is concentrated. The weak undertone in the market suggests a preference for selling on price rallies, and a breach of the 43,800 support level is expected to lead to further selling pressure. The index's position below the 20DMA reinforces the bearish sentiment in the near term,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“From a technical perspective, the recent rise in gold was driven by increasing open interest, which gives room for the rally to continue in the short term. Comex gold has immediate resistance at $1,952 and support at $1,922. A move above the 1,952 level will open further upside to the $1,970 level. MCX gold December future has the first resistance at Rs. 59,750 and then Rs. 59,965. It has support at Rs. 59,480/59,300,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“From a technical perspective, the MCX Crude Oil November future has resistance at 7,500 and support at 7,225. The price is expected to trade in this range for the day. NYEMX WTI crude oil has resistance at $91.5 and support at $87.0,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
OnePlus will launch its first-ever foldable smartphone OnePlus Open today (October 19). Likely to be powered by Snapdragon 8 Gen 2 chipset, OnePlus Open features a dual display. With the inner AMOLED display expected to be 7.8 inches in size, the outer AMOLED display size could be 6.31 inches with both the screens likely to offer a 120 Hz refresh rate. In a post on X, tipster Abhishek Yadav revealed that OnePlus Open’s expected price could be Rs 1,39,999
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