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Inox India shares are set to list on the BSE and NSE today (December 21). The Inox India Limited IPO (Inox CVA IPO) price band was set at Rs 627 to Rs 660 per share. Inox India GMP was at Rs 475 as of 6:30 pm on Dec 20
SME IPOs - Sameera Agro IPO, Indifra IPO and Supreme Power Equipment IPO are set to open for subscription today (December 21) and close on December 26
Indian real estate investment company Unitech Limited is set to release its Q2 earnings for July-September 2023 today (December 21)
"The domestic market saw a sharp and abrupt sell-off in the second half, despite the positive trend in global peers. This is attributable to profit booking from the recent sharp rally stretching valuations of mid- and small-cap stocks. The recent uptick in crude prices prompted investors to book profits. Most of the sectors witnessed decline, with the least fall in FMCG, banking, and IT,” said Vinod Nair, Head of Research at Geojit Financial Services
"There are several reasons behind the sudden drop on Wednesday as a period of consolidation after the market went up consistently in recent days, concern about a potential bubble forming in the smallcap sector, and people are also watching the increasing cases of the Covid sub-variant JN.1 in India. However, it's important not to label this as a market crash. If today's market correction is causing you concern, take a step back and consider the bigger picture. Hold onto your convictions and focus on the long-term outlook rather than reacting to short-term fluctuations," said Shrey Jain, Founder & CEO, SAS Online
"The Nifty experienced a sharp correction as bearish sentiment persisted. It failed to sustain above 21,500, resulting in increased call writing at the 21,500 strike, subsequently leading to a significant downturn. At its lowest point, the Nifty dropped just below 21,100 before recovering to close above that level. Looking ahead, there might be a consolidation phase for the Nifty in the near term. Resistance is expected around 21,500, while support is anticipated at 21,100,” said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index experienced intense selling pressure, resulting in the formation of a bearish engulfing candle on the daily chart. The immediate resistance for the index is situated at the 47600-47700 zone, and a breakthrough above this level could pave the way for further upside, targeting 48000. However, the overall sentiment remains bearish, suggesting a cautious approach with a preference for selling on any upward movements,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
Lava Storm 5G is set to launch in India today (December 21). The budget 5G smartphone will have a dual rear camera setup and will likely run on the MediaTek Dimensity 6080 SoC. Lava Storm 5G price is expected to be below Rs 15,000, as per tipster Mukul Sharma
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