Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
Tata Power Company, Reliance Infrastructure, Patanjali Foods, Bata India, Bharat Heavy Electricals Limited (BHEL), Mazagon Dock Shipbuilders, Birla Corporation, Raymond, Pidilite Industries, Power Finance Corporation, United Spirits, Lupin, Phoenix Mills, Oil India, SKF India, Grindwell Norton, The New India Assurance Company, Godrej Industries, Sanofi India, Tata Investment Corporation, Century Plyboards, Concord Biotech, Welspun Corp, Easy Trip Planners and Nazara Technologies are among companies that will release their Q2 earnings for July-September 2023 today (November 8)
Today (November 8) marks the last day to subscribe to the Protean eGov Technologies IPO. The IPO price band has been set at Rs 752 to Rs 792 per share. Protean eGov Technologies IPO GMP was Rs 100 at around 6 pm on Nov 7. Protean eGov Technologies shares will list on the BSE with the tentative listing date of November 17
Oberoi Realty Ltd, RITES Ltd, Birlasoft Ltd, Great Eastern Shipping Co.Ltd, Supreme Petrochem Ltd and Bigbloc Construction Ltd shares are set to trade ex-dividend today (November 8)
“The market witnessed some resistance at higher levels as caution prevails due to the start of the key state elections, and further negative global cues on account of a more than expected fall in Chinese exports, highlighting a continued slowdown in global trade. Despite the extension of supply cuts by Saudi Arabia and Russia, crude oil prices moderated, a positive for India in the midst of geopolitical tension. This, along with the moderation in US bond yields and the positive ongoing earnings season, will support long-term returns,” said Vinod Nair, Head of Research at Geojit Financial Services
“The market's three-day winning streak was halted due to profit booking in select heavyweights, influenced by weak global cues and fading optimism about the end of monetary tightening and Benchmark indices closed flat today after a volatile session… From a technical perspective, given that Nifty maintains its position above the 19,400 level, it suggests that the benchmark index is likely to consolidate around its present levels following the recent uptick,” said Shrey Jain, Founder and CEO SAS Online
"Nifty remained volatile within a narrow range as traders remained uncertain ahead of the Fed Chair's scheduled speech tomorrow. On the daily chart, Nifty encountered resistance at the 21EMA and closed just below it. If it manages to surpass the 21EMA, which is currently around 19,414, it could potentially head towards the 19,650-19,700 range. On the downside, support is situated at 19,300,” said Rupak De, Senior Technical analyst at LKP Securities
"Bank Nifty exhibited volatility throughout the day before finishing with strength. On the daily chart, the index has closed above the 21EMA for the first time in several days. The sentiment appears to be positive at this point, and the setup seems favourable for a robust upward movement in the index. In the near term, it may potentially move towards 44,500 on the upside, with support situated at 43,300 on the lower end,” said Rupak De, Senior Technical analyst at LKP Securities
“The USDINR witnessed the Indian Rupee retracting from its previous day's gains and closing on a weaker note, prompted by traders' focus on the resurgence of treasury yields. The Rupee's performance fell short compared to other Asian currencies, as heightened U.S. dollar demand from local oil companies and importers restrained its upward momentum. Foreseeing a week of potential volatility, driven by factors including fluctuating dollar index and the Middle-East crisis, the currency pair is expected to fluctuate within a range of 83.10-83.55,” said Rahul Kalantri, VP Commodities, Mehta Equities Ltd
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