Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh
Paytm, L&T Finance, JSW Steel, JSW Energy, Hindustan Zinc, Poonawalla Fincorp, Atul, Tejas Networks, Century Textiles, Elecon Engineering, KFin Technologies, CSB Bank, Icra, Just Dial, Kajaria Ceramics, Laurus Labs, Lloyds Engineering Works, Central Bank of India and Century Textiles Industries are among companies that will release their Q2 earnings for July-September 2023 today (October 20)
Prime Minister Narendra Modi is set to India’s first RapidX train project today (October 20). PM Modi will inaugurate the priority section of Delhi-Ghaziabad-Meerut RRTS Corridor at Sahibabad RapidX Station at around 11:15 am. He will also flag off the RapidX train connecting Sahibabad to Duhai Depot, marking the launch of Regional Rapid Transit System (RRTS) in India
“A sharp fall in several benchmark Asian and European indices dented the local market sentiment as the ongoing Middle East war continued to force investors to cut their exposure to equities. The key concern is that if the war continues for long, investors would move to safe haven assets to safeguard their interest. Technically, the Nifty is trading near the 50-day SMA (Simple Moving Average). For the traders now, the 50-day SMA or 19625 would act as a trend decider level. Above the same, we could see a technical bounce back till 19700-19735 levels. On the flip side, below 19625 the index could retest the level of 19520-19480,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd
“Nifty slipped below the consolidation range low of 19,650 and closed below it for the day. However, the 55EMA acted as a support on a closing basis. In the short term, the index might remain volatile, and a move above 19,650 could take the index towards 19,850. However, a failure to move above 19,650 might result in selling pressure once again," said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index continued to experience a period of sideways consolidation, characterised by an ongoing battle between the bulls and the bears.The index currently faces immediate resistance at the 44000 level, while support is situated at 43500. A decisive breakout in either direction from this range is expected to lead to significant trending moves.The prevailing sentiment for the Bank Nifty remains tilted toward a "sell on rise" approach, implying that traders are more inclined to sell the index during price rallies. Strong resistance is observed at 44500, and a closing price above this level would indicate a resumption of the uptrend,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“We believe in short-term Comex spot gold prices consolidated in the range of $1933 to $1970 with a positive bias. The MCX Gold December future has strong resistance at Rs. 60450 and first support at Rs. 59400 and then Rs. 59150,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“We believe crude oil prices in the short term will remain volatile and witness both sides momentum amid mixed fundamentals. From a technical perspective, crude oil supply is likely to be seen near the 7280–7350 zone, while the 7050 acts as a good demand area. NYEMX WTI crude oil has resistance at $88.50 and support at $83.80,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
OnePlus Pad Go is set for its first sale in India today (October 20). The OnePlus Pad Go price for the 8GB RAM + 128GB storage WIFI model is Rs 19,999 while its LTE version is priced at Rs 21,999. The OnePlus Pad Go 256GB LTE model price is Rs 23,999. The OnePlus Pad Go tablet will be on sale across platforms including Amazon, Flipkart, OnePlus stores, Croma and Reliance
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