RBI Monetary Policy decision, LIC, Hero MotoCorp Q1 Results in Top News on August 10: Jubilant Pharmova ex dividend stock, Nifty outlook, TVS Supply Chain Solutions IPO, Rajinikanth’s Jailer release

Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh

Top News on August 8
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PM Modi
RBI

“We do not expect the RBI to jump the gun and resume rate hikes in its Aug meet. Investors may get disappointed by less dovish outcome of the RBI MPC meet, but there is no reason to get disappointed by this. Focus will remain on the rest of Q1 results and the global risk appetite that will determine the fund flows into India,” said Deepak Jasani, Head of Retail Research, HDFC Securities

RBI MPC decision today
(August 10): Will rates
remain unchanged?

Q1

LIC, Pidilite Industries, Grasim, Samvardhana, Hero MotoCorp, Alkem Labs, Page Industries, CCI, SAIL, Honeywell Automation, Torrent Power, Biocon, Apollo Tyres, Ipca Labs, Sanofi India and Mazagon Dock are among the companies that will announce their Q1 results today (August 10)

Q1 results today (August 10): LIC, Hero MotoCorp, Pidilite Industries 

EX dividend

Jubilant Pharmova, Hitachi Energy, Man Infraconstruction Allied Digital Services, Alkem Laboratories, Aditya Vision, Goa Carbon, Jubilant Ingrevia, KCPL, Linde India, Lumax Industries, Lumax Auto Tech, Nitin Castings, Sunshield Chemicals, Thomas Cook, Vaibhav Global and Rama Phosphates are among stocks that will turn ex-dividend today (August 10)

Ex-dividend stocks
(August 10) today: Jubilant
Pharmova, Hitachi Energy

“As expected, Indian equities are consolidating given the cautious global scenario and consistent selling by FIIs. We expect the market to see some volatility as RBI will announce its policy decision outcome on the weekly F&O expiry day. Further, RBI’s commentary would be largely tracked to understand their future course of action,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd

Share market outlook
today (August 10)

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“Bulls are trying hard to reclaim some strength but it would be tough without the participation from the banking majors. Besides, resilience on the global front, especially in the US, would play a critical role ahead.  Meanwhile, traders should continue with stock-specific trading approach and focus on sectors that are attracting buying interest,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd

Share market outlook today
(August 10): Analyst view

TVS Supply Chain Solutions IPO is set to open for subscription today (August 10) and will close on August 14. TVS Supply Chain Solutions has fixed a price band of Rs 187-197 per share

TVS Supply Chain
Solutions IPO to open
today (August 10)

“We believe that despite yesterday’s recovery in gold, upside looks limited, and prices should continue to consolidate within a range as market participants are likely to avoid taking exposure before US inflation data. Comex Spot Gold has first support at $1,919, then $1,910, and resistance at $1,939 for the day. The MCX Gold October future has support at Rs 58,950 and resistance at Rs 59,700,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

Gold Price today (August 10):
Analyst outlook

The Rajinikanth starrer 'Jailer' is set for a mega release today (August 10). UNO Aqua Care and SalemSurvey Group are among the companies that have declared a holiday in a number of their branches, including Chennai, Bengaluru and Trichy, on the day of Rajinikanth’s film release

Rajinikanth starrer 'Jailer' to
release today (August 10)

“We believe bullish momentum will continue in crude oil, and the price can rally further from its current level. NYMEX WTI crude oil has immediate resistance at $83.50; once it crosses this level, it can rally towards $85.0 in the short term. The MCX Crude oil August contract has resistance at Rs 7,000 and support at Rs 6,820,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

Crude oil price outlook
today (August 10)

2024 Hyundai Santa Fe is set to officially debut today (August 10) in a digital premiere worldwide. 2024 Hyundai Santa Fe price is expected to be revealed closer to the sale date of the new Hyundai crossover

2024 Hyundai Santa Fe
debut today (August 10)

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

Petrol, Diesel Price today
(August 10)