Produced by: Prashanti Mokatan
Designed by: Mohsin Shaikh
JSW Infrastructure IPO is set to open for subscription today (September 25). The IPO of India’s second largest private port operator will close on Sept 27. JSW Infrastructure IPO price band has been fixed at Rs 119 to Rs 125 per share. JSW Infrastructure shares will list on the BSE and NSE with the tentative listing date of October 6
Updater Services IPO is set to open for subscription today (September 25). Updater Services IPO will close on Sept 27. Updater Services IPO price band has been set in the range of Rs 280 to Rs 300. Updater Services shares will list on the BSE and NSE with the tentative listing date of October 9
Bharat Parenterals are among stocks that will trade ex-dividend today (September 25). Bharat Parenterals will give out a final dividend of 75 paise per equity share, Meanwhile, IEL Ltd will trade ex-stock split in the ratio of 1:10
“The Nifty is currently trading at a crucial support zone 19,720 – 19,620 where support parameters in the form of 40 moving average and key Fibonacci retracement level is placed. The speed of the fall has slowed down as the hourly momentum indicator has a positive crossover which indicates that a pullback is likely before the next leg of the fall resumes. The pullback can be till 19,850 – 19,880 where key hourly moving averages and the gap area formed on 21st September is placed. In terms of levels, 19,620 – 19,604 is the crucial support zone while 19,850 – 19,880 shall act as an immediate hurdle zone,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
"Bank Nifty has also witnessed a volatile day of trade. Ultimately the bears managed to keep the index under pressure and it closed on a negative note . More importantly it has closed below the crucial 20 and 40 day moving averages which is a sign of weakness. The daily momentum indicator has a negative crossover which is a sell signal. Thus, both price and momentum indicators are suggesting a further decline. Considering sharp fall during the week it can provide a pullback and so sell on rise around resistance 44,900 – 45,000 shall be the preferred trading strategy. On the downside 44,500 – 44,300 shall be the potential downside from short term perspective,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
The Hyderabad-Bengaluru Vande Bharat Express train is set to start its commercial operations from today (September 25). The semi-high-speed train will reduce the travel time by around two hours between the two tech cities
“Price is approaching the immediate resistance of the 50-EMA mark at 7,500 on the Hourly chart. If the price fails to break through this resistance level, we can predict a further drop in the Crude price to 7,410-7,360. The resistance level would be 7,550,” said Aamir Makda, Commodity & Currency Analyst, Choice Broking
“MCX Gold price is trading near the trend line support at 58,655 and if this support levels are sustained, we may expect further rise in Gold price. Here, key resistance would be at 58,980 – 59,110,” said Aamir Makda, Commodity & Currency Analyst, Choice Broking
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