Produced by: Bhoomika Aggarwal Designed by: Mohsin Shaikh
LIC India, ONGC, Coal India, Hindalco, Mahindra and Mahindra and other firms are going to announces their Q2FY24 earnings
ESAF Small Finance Bank will make its debut on stock exchanges today. “ESAF SFB IPO issue received overwhelming response on the last day of the issue especially from QIB which got oversubscribed by 182.66 times and overall by 77 times. This demand is in line with our estimate due to strong fundamentals in the company and industry dynamics," as per Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
"On Thursday, the Indian stock market started off quietly in the first half but took a downturn in the latter half, causing the Nifty 50 to close at 19,395.30, down by 48.20 points (0.25%), and the Sensex to end at 64,835.20, down by 140.41 points (0.22%). Despite a boost from the realty and auto sectors, heavyweight sectors like IT and FMCG remained sluggish. Despite optimistic global sentiments, stabilisation of crude oil prices at $75.33 per barrel back to where it was in July, along with Moody's maintaining India's 2023 growth projection at 6.7%, the market continues to hover around 19,400. This situation is indicative of a consolidation phase that is preventing the benchmark index from surpassing the robust resistance level of 19,500," as per Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
"The index has remained sideways during the day as it sustained above the support at 43,500 while it failed to reach the crucial resistance of 44,000. Going forward, the trend is likely to remain sideways to positive as long as it sustains above 43,500. The index has been lacking momentum at the higher levels. A fall below 43,500 might signal a failure of the current trend; below 43,500, the index might fall towards 43,000-42,800," as per Rupak De, Senior Technical analyst at LKP Securities
Bank Nifty is trading within the range of 43,900-43,550, suggesting a potential sideways trend. Notably, the price finds support from the 20-day and 200-day Exponential Moving Averages (EMA). Bank Nifty's support levels are identified at 43,500-43,400, while resistance is anticipated at 43,800-44,000 levels. This analysis points toward a possible consolidation phase in Bank Nifty
Temba Bavuma-led South Africa will be facing Hashmatullah Shahidi-led Afghanistan today at Narendra Modi Stadium, Ahmedabad. The toss will take place at 1:30 pm IST and the match will begin at 2 pm IST
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
People will be celebrating Dhanteras today. It is an auspicious day to buy gold, vehicles and other expensive items. According to the Drik Panchang, the auspicious puja timing for Dhanteras will begin at 5:47 pm and end at 7:43 pm, which is 1 hour 56 minutes
Science enthusiasts will be celebrating World Science Day today (November 10). Recognised by the US, this day highlights the significant role of science in society and the need to engage the wider public in debates on emerging scientific issues