Retail inflation data for August to be out today, iPhone 15, Apple Watch Series 9 launch at Apple Event 2023 in Top News on September 12: Share markets, Bank Nifty outlook, Kundan Edifice IPO to open
Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh
The government will release the official data on retail inflation for August today (September 12). Retail inflation rate based on the Consumer Price Index (CPI) had soared to 7.44 per cent in July 2023, the highest level recorded since April 2022
Retail inflation data for
August to be out today
(September 12)
iPhone 15 series is set to launch at Apple’s marquee annual event today (September 12). The launch of Apple Watch Series 9 and an update to the AirPods is also expected at the Apple Event 2023 ‘Wonderlust’
iPhone 15, Apple Watch
Series 9 launch at Apple
Event 2023
SME IPO Kundan Edifice IPO is set to open for subscription today (September 12) and will close on Sept 15. The issue comes at a fixed price of Rs 91 apiece. Kundan Edifice shares will list on the NSE SME platform
Kundan Edifice IPO to open
today (September 12)
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AIA Engineering Ltd, Dhunseri Tea & Industries Ltd, Bhagwati Autocast Ltd, Hindustan Hardy Ltd, RACL Geartech Ltd, Skipper Ltd, Jupiter Wagons Ltd, MSTC Ltd and Prithvi Exchange (India) Ltd are among stocks that will turn ex-dividend today (September 12)
Ex-dividend stocks
today (September 12)
“We may see some consolidation around the current levels after reclaiming the record high but the tone is likely to remain positive. While all the sectors are contributing to the move, we feel the performance of banking would play a crucial role in making a sustained up move from hereon. At the same time, participants should maintain caution in stock selection, especially in the midcap and smallcap space,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd
Share market outlook
today (September 12):
Analyst view
"The Bank Nifty index is currently experiencing a strong bullish momentum, with buyers dominating the market and pushing the index higher. The next significant resistance level for the index is at 46,000, where a substantial amount of call writing is evident. On the downside, the key support level has shifted to 45,000, where the highest open interest built up on the put side,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
Bank Nifty technical view
today (September 12)
“We expect the precious metals to consolidate in a broader range amid mixed global cues. From a technical perspective, for the week, Comex gold has a strong resistance zone around $1,940 to $1,955, and it has immediate support at $1,915. A fall below $1,915 will open the door towards $1,905 and $1,893. MCX Gold October future resistance is placed around Rs. 59580 and support at Rs. 58,650,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Gold Price today (September
12): Analyst outlook
“In the short term, we expect the oil price to correct before continuing the rally. NYMEX WTI Crude Oil has immediate resistance at $88.10; once price crosses this level, it can rally towards $92.8 and support at $83.50 for the week. The MCX crude oil September contract has support at 7050 and resistance at 7,525,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Crude oil price outlook
today (September 12)
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