Produced by: Bhoomika Aggarwal Designed by: Manoj Kumar
Subscription for IREDA's IPO opened on November 21 and will close today (November 23). The PSU has fixed IREDA IPO price band at Rs 30 to Rs 32 per equity share.
The company declared a final dividend of Rs 50. Shares will trade ex-dividend on November 23.
"On November 22, the Indian stock markets displayed resilience by extending a positive trend for the second consecutive day amid fluctuations. The Sensex concluded at 66,023.24, marking a gain of 92.47 points or 0.14%. Similarly, the Nifty closed at 19,811.80, reflecting an increase of 28.40 points or 0.14%. Despite a flat opening, the Nifty exhibited steady growth but struggled to sustain above the 19,825 level. Looking ahead, if the price breaks above the 19,850 level, there is a likelihood of further upward movement towards the 20,000 and 20,100 levels in the upcoming days," said Mandar Bhojane, Research Analyst, Choice Broking.
"Nifty concluded at 19,811.85, marking a gain of 28 points, equivalent to a 0.14% increase. The current consolidation pattern suggests the possibility of a significant upside breakthrough, either from the current level or slightly lower, surpassing the 19,900 hurdle," as per Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
"Bank Nifty encountered selling pressure, leading to a decline of 239 points and closing at 43,449.60, as per Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker.
“Rupee settled almost flat as persistent local demand for the US dollar weighed on the unit. The rupee is struggling due to an increase in the trade deficit in October month and decline in the foreign exchange reserves. However, weakness in the dollar index and the US bond yields are supporting the rupee at lower levels. We expect a rupee to remain volatile this week amid volatility in the dollar index and a pair could trade in the range of 83.10-83.55," as per Rahul Kalantri, VP Commodities, Mehta Equities Ltd
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.
“Crude oil exhibited significant volatility, experiencing a decline from its peak levels influenced by discouraging US existing home sales data and the minutes from the Federal Reserve meeting. In terms of INR, crude oil finds support at Rs 6,370-6,290 per barrel and faces resistance at Rs 6,555-6,640,” as per Rahul Kalantri, VP Commodities, Mehta Equities Ltd
Gold opened on the Multi Commodity Exchange (MCX) on Wednesday at Rs 61,159 per 10 grams and hit an intraday low of Rs 61,070. Meanwhile, silver opened at Rs 73,149 per kg, hit an intraday low of Rs 73,024 on the MCX, and hovered around $23.8 per troy ounce in the international market. The outlook on today's gold and silver prices is awaited
Suryakumar Yadav-led Team India will face Matthew Wade-led Australia today in the first match of the 5-match T20I series between the two countries in Visakhapatnam. The two teams met each other last in the World Cup final where Pat Cummins-led team emerged victorious.