Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh
The National Stock Exchange (NSE) is set to launch options on NYMEX WTI Crude Oil and Natural Gas futures contracts in its commodity derivatives segment from today (October 9). "The exchange has received approval from Sebi (Securities and Exchange Board of India) for launching options contracts on underlying WTI Crude Oil and Natural Gas Futures. The contracts would be available for trading from October 9," stated NSE in a circular released on Oct 6
Glenmark Life Sciences board is set to meet today (October 9). The board will approve and consider the Q2 results and also consider the announcement of an interim dividend for its shareholders for FY 2023-24. In a regulatory filing, the company stated, "It is further informed that the record date for payment of interim dividend if declared, will be Tuesday, October 17, 2023.”
“Markets ended higher for the second straight day as RBI kept the key repo rate unchanged, while maintaining the 'withdrawal of accommodation' stance. The positive takeaway was that Nifty recouped all of its last 3-days losses on the back of firm global cues. Sentiments got a lift after US Treasury yields retreated and as oil prices plummeted. Technically, Nifty’s biggest hurdles for Monday’s trading session is seen at the 19,707 mark, while confirmation of strength is only above the 19,907 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
“Nifty ended the week with a modest gain despite the selling in the banking sector. Overall, sentiment is expected to stay positive as long as it maintains above the critical support level of 19,500, as put writers are likely to offer support at this level. On the upside, resistance is positioned around 19,750-19,800. A strategy of buying on dips would be favourable as long as it holds above 19,500,” said Rupak De, Senior Technical analyst at LKP Securities
“Bank Nifty struggled to regain ground above the ascending trendline on the daily chart, indicating a bearish trend in the banking sector. Additionally, the index has consistently remained below crucial moving averages, further confirming this weak trend. Looking ahead, a significant breakthrough above 44,550 could potentially propel the index towards 45,000 and beyond. On the downside, support is located at 44,200,” Rupak De, Senior Technical analyst at LKP Securities
“Comex gold has immediate support at $1,805 and resistance at $1,833. MCX Gold December future has resistances at Rs. 57,050/57,180 and supports at Rs. 56,550/56,380,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“We anticipate the crude oil price should consolidate in a lower-end range with a negative bias after a sharp selloff in prices earlier this week. NYMEX WTI Crude Oil has resistance at $84.0 and support at $80.50. The MCX crude oil October contract is likely to trade in the range of Rs. 6,780 to Rs. 7,000,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Kane Williamson-led New Zealand will go up against Scott Edwards-led Netherlands in the ICC World Cup match today (October 9). The match, set to take place at the Rajiv Gandhi Stadium in Hyderabad will begin at 2 pm
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