Trading on the domestic indices Nifty and Sensex will open today (August 16) after a day’s holiday due to Independence Day. “Markets started the week on a volatile note and ended almost unchanged,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd on the market closing on Monday
“Despite the corrective tone, we have been seeing resilience in select heavyweights, which is not only keeping a check on the pace of decline and also triggering recovery in between. We feel it is prudent to stay focused on trade management amid mixed signals and wait for clarity,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd on the market closing on Monday
Stock brokerage firm Zerodha completed 13 years on August 15. Zerodha Co-founder and CEO shared in a post regarding an AMA session on X (Twitter) on Tuesday, “For our anniversary, some of us from the core team are doing an Ask me anything (AMA) session tomorrow (Aug 16). If you have any questions for us, post them below, and we'll answer as many as we can and publish the video.”
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Chandrayaan-3 Moon Mission is set to undergo another critical manoeuvre today (August 16) starting at 8:30 am. The orbit of the lander Vikram will be lowered to a height of just 100 km above the Moon’s surface on successful completion of the operation
The Federal Open Market Committee (FOMC) will release the minutes of the policy meeting held on July 25-26, 2023 on August 16. The Federal Reserve had raised rates in its previous meeting by 25 bps on July 26 to a range of 5.25%-5.50%, in its 11th increase of its last 12 meetings. Fed chair Jerome Powell left the door open to more hikes
“Comex gold has immediate support at $1,895/oz; a fall below the $1,895 level opens a downside target at the $1,870 level; and it has resistance at $1,945 for this week. While the MCX Gold October contract is expected to move in the range of Rs 58,200 to Rs 59,600,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“In the short term, we believe crude oil should consolidate in a broader range with a negative bias as concern that slowing economic growth in China, the world's second largest consumer, will dent fuel demand turns out to be a key factor weighing on Oil prices. For the week, the WTI Crude is anticipated to move in the range of $79 to $87, while the MCX crude oil August contract is expected to trade in the range of Rs. 6,580 to Rs. 7,100,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
OnePlus Ace 2 Pro is set to be launched today (August 16) in China. The successor to the OnePlus Ace Pro will come with 24GB RAM and 1TB of inbuilt storage. Backed by a Qualcomm Snapdragon 8+ Gen 1 SoC and a 4,800mAh battery with 150W fast charging support, the OnePlus Ace 2 Pro will also feature a 50-megapixel Sony IMX890 primary rear camera sensor with optical image stabilisation (OIS)
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