IRM Energy shares are likely to list on the BSE and NSE today (October 26). The IRM Energy IPO price band had been set at Rs 480 to Rs 505 per share. IRM Energy IPO GMP was at Rs 25-30 per share on Wednesday and is likely to witness a flat debut on the stock market
The scheduled F&O series expiry for this month will take place today (October 26). Some volatility is to be expected on the bourses. “On monthly front, Maximum Call OI is at 19,500 then 19,300 strike while Maximum Put OI is at 19,000 then 18,900 strike. Meaningful Call writing is seen at 19,200 then 19,300 strike while Put writing is seen at 19,000 then 19,050 strike. Option data suggests a broader trading range in between 18,950 to 19,300 zones,” said Chandan Taparia of Motilal Oswal Securities
Vodafone Idea, Punjab National Bank, Canara Bank, Aditya Birla Sun Life AMC, Shriram Finance, Colgate-Palmolive (India), Apollo Pipes, Apar Industries, Indian Bank, RailTel Corporation of India, Sterlite Technologies, NLC India, Tata Teleservices (Maharashtra), Dai-ichi Karkaria, Coromandel International, DB Corp, Symphony, Westlife Foodworld, Somany Ceramics and Jindal Saw are among companies that will release their Q2 earnings for July-September 2023 today (October 26)
“The Indian stock market faced significant downward pressure as investors grew increasingly concerned about the geopolitical tensions and increasing bond yields in US… Index has a support around 19000-18900 zone. Coming to the OI Data, on the call side, the highest OI observed at 19300 followed by 19200 strike prices while on the put side, the highest OI is at 19000 strike price,” said Deven Mehata, Research Analyst, Choice Broking
“Technically, due to weak sentiments, the Nifty has breached the important support level of 19200 and has also formed a bearish candle on daily charts, which is largely negative. For day traders, 19050 would act as a trend decider level, above which we could see a one quick pullback rally till 19200-19250. On the flip side, fresh selloff is possible only after the dismissal of 19050 and below the same, the market could slip till 19000-18930," said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd
"The Bank Nifty bears maintained control, leading to a breach of the 43,000 support level. The overall market sentiment remains bearish, and a "sell on rise" strategy is advisable. Immediate resistance is seen at 43,500, and further selling pressure could potentially drive the index down to 42,000, a long-term support level,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“Comex Spot Gold has immediate resistance at $1,988, and then $2,005 acts as the next resistance; on the flip side, support is at $1,945. MCX gold December future has support at Rs. 60,180 and resistance at Rs, 60,850,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“From a technical perspective, crude oil in November future has strong support at 6,825 and resistance at 7,100. The price is expected to trade in this range for the day. NYEMX WTI crude oil has resistance at $87.00 and support at $81.50,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Xiaomi 14 series, comprising Xiaomi 14 and Xiaomi 14 Pro reportedly, is set to launch today (October 26). Notably, the Xiaomi 14 series will come with Xiaomi HyperOS, which is set to replace the current OS MUIU. Xiaomi 14 price is expected to be Rs. 45,890 and Xiaomi 14 Pro price is likely to be Rs. 66,990, as per 91mobiles
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