Reliance Industries Limited (RIL), Maruti Suzuki India, Cipla, Dr Reddy's Laboratories, Bajaj Finserv, Bajaj Holdings Investment, SBI Cards and Payment Services, SBI Life Insurance Company, Bharat Petroleum Corporation Ltd (BPCL), Novartis India, Blue Dart Express, Mahanagar Gas Limited, GMR Airports Infrastructure, Mahindra & Mahindra Financial Services, Mahindra Lifespace Developers, Nuvama Wealth Management, Schaeffler India, Jubilant Pharmova, Goodyear India, City Union Bank, Tamilnad Mercantile Bank and Indian Overseas Bank, are among companies that will release their Q2 earnings for July-September 2023 today (October 27)
PM Narendra Modi is set to inaugurate the 7th edition of India Mobile Congress 2023 today (October 27). The annual event has been organised by the Department of Telecom (DoT) and the Cellular Operators Association of India (COAI). PM Modi will award 100 ‘5G Use Case Labs’, being developed under the ‘100 5G labs initiative’, to educational institutions across India
“The market took another beating on Thursday, marking the 6th straight session of decline… Numerous obstacles are dragging the market down, from the fragility of global markets and fears of increasing US Treasury yields to rising geopolitical tensions and the monthly Futures and Options (F&O) expiry. These factors are collectively suppressing market performance. It's a simple "wait and watch" moment. Given the current state, opening new positions is not advisable,” said Shrey Jain, Founder and CEO, SAS Online
“Technically, a bearish candle on daily charts and weak intraday formation is indicating further weakness from the current levels. As long as the index is trading below 19,000, the weak sentiment is likely to continue till 18,800-18,725 levels. On the flip side, one relief rally is possible only after the dismissal of 19,000 and above the same, the index could move up till 19,100-19,150," said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd
"The Bank Nifty index experienced continued heavy selling, resulting in a 1.29% decline. It is currently trading below its 200-day Exponential Moving Average (200EMA) placed at 43,264. This situation maintains a bearish undertone. The next immediate support level on the downside is at 42,000, where fresh put writing is evident. A breach below this level could lead to further declines, potentially targeting the 41,500-41,200 range,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“From a technical perspective, Comex Spot Gold has immediate resistance at $1,997, and then $2,012 acts as the next resistance; on the flip side, support is at $1,955. MCX gold December future has support at Rs. 60,525 and the first resistance at Rs. 61,200, and then Rs. 61,800 is the next important resistance,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“We anticipate the crude oil price will fluctuate in a broader range, with volatility likely to be seen on both sides amid mixed cues. MCX Crude Oil November Future has immediate resistance at 7,160, and then 7,250 acts as the next resistance. The area around 6,840 acts as strong support. NYEMX WTI crude oil has resistance at $87.80 and support at $82.50,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
OnePlus Open’s first sale in India is set to begin today (October 27). OnePlus Open price is Rs 1,39,999 for the 16GB/512GB variant. The first foldable OnePlus smartphone will be available on OnePlus's official website, Amazon, and retail stores
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