Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh
JSW Infrastructure shares are set to list on the stock exchanges today (October 3). JSW Infrastructure IPO is likely to make a strong debut as it was commanding a premium of 25 per cent over its issue price in the grey market. The JSW Infrastructure IPO price band had been set at Rs 113 to Rs 119 per share
Vaibhav Jewellers shares are set to list on the stock exchanges today (October 3). Vaibhav Jewellers shares may make a flat or muted debut on the bourses as its GMP slid ahead of its listing. The Vaibhav Jewellers IPO price was Rs 215 per share
Hero MotoCorp will make a slight adjustment in the ex-showroom prices. This will lead to a hike of 1 per cent in prices for certain motorcycles and scooters, starting today (October 3)
Valiant Laboratories IPO is set to close for subscription today (October 3). The Valiant Laboratories IPO price band has been set at Rs 133 to Rs 140 per share. Valiant Laboratories shares will list on the BSE and NSE with the tentative listing date of October 9
“Based on the technical formation, we believe that the market is due for a short term upward pull back in the near term. It has formed a long legged doji formation, which may see trending activity on either side. Below 19490, the Nifty could fall to 19400 or 19200 levels. On the other hand, above 19750, it would move to 19900-20000 levels. The real trend will emerge only if the index manages to cross the level of 20250,” said Amol Athawale, Vice President - Technical Research, Kotak Securities Ltd
"Regarding Bank Nifty, 44750 would be the crucial resistance level. As long as it trades below it, weak sentiment is likely to continue, and it may slip to 44100-43800 levels. Conversely, a new uptrend is possible only after the break of 44750, and it may rise to 45000-45200,” said Amol Athawale, Vice President - Technical Research, Kotak Securities Ltd
COMEX Gold prices are headed for its biggest weekly decline in almost eight months amid a sharp rise in US treasury yields, raising the opportunity cost for holding the yellow metal, as per Kotak Securities. The report added that immediate supports levels for MCX gold December futures are at Rs 57,897 and Rs 57,719 while resistance levels are at Rs 58,182 and Rs 57,719
WTI Crude oil and LME base metals rose as China’s economy showed signs of a stronger recovery in September, while dollar index eased. Activity around Chinese shopping malls remained at relatively high levels in September following an increase in August, according to a US company that analyses satellite images, as per Kotak Securities. The report added that immediate supports for MCX crude futures for October delivery are seen at Rs 7,630 and Rs 7,576 while resistance levels are at Rs 7,714 and Rs 7,744
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