Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
Today (December 22) marks the last day to subscribe to Sovereign Gold Bonds (SGB) 2023-24 tranche III. The subscription had opened for investors on December 18. The issue price is Rs 6,199 per gram of gold, with a Rs 50 per gram discount for online applications, as per the RBI
Azad Engineering Limited IPO will close for subscription today (December 22). Azad Engineering Limited IPO comes at a price band of Rs 499 to Rs 524 per share. Azad Engineering Limited IPO GMP was at Rs 351 as of 6:30 pm on Thursday. Azad Engineering Limited shares will list on the BSE and NSE with the tentative listing date of December 28
In a stock exchange filing, UPL Limited stated, "The meeting of the board of directors of the company is scheduled to be held on Friday, 22 December 2023, to consider, inter alia, the proposal of fundraising by the issue of equity shares.”
"Benchmark indices concluded the highly volatile session on December 21 in positive territory, gaining 104.9 points. A Bullish Piercing candlestick pattern has emerged on the daily chart, indicating potential bullish momentum. If the Nifty surpasses the 21,500 level, there is positional potential for an upward movement to 21,650 and 21,750 in the coming days,” said Mandar Bhojane, Research Analyst, Choice Broking
"After a subdued start, the market reversed from the day’s low amid buy-on-dips strategy. However, the overall trend is subdued, FIIs stayed muted ahead of festive break and global market traded on a negative note ahead of announcement of the US GDP data today. Some consolidation is warranted in the near term due to peak valuation. A gradual rise in oil prices along with concern over high domestic food inflation may have a hindrance to the stretched rally of the last 2 months," said Vinod Nair, Head of Research at Geojit Financial Services
"Nifty recently demonstrated resilience, rebounding strongly from a critical support level at 21000, affirming a bullish sentiment. The index closed above its 10-day moving average, signalling positive momentum. Key levels to monitor include 21,000 as immediate support and 21300 as the initial resistance,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"Demonstrating resilience, Bank Nifty robustly rebounded from a crucial support level at 47,000, confirming a bullish trend. The index closed above the resistance at 47,500, highlighting its strength. Having closed above the 10-day moving average, Bank Nifty finds immediate support at 47,500, while 48,000 acts as the initial resistance,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
Poco M6 5G is set to launch in India today (December 22). Touted as the most affordable 5G smartphone, Poco M6 5G will be powered by the MediaTek Dimensity 6100+ chipset. A teaser on Flipkart reportedly showed the Poco M6 5G price as Rs. 9,4XX
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