Rishabh Instruments IPO, Super Rare Blue Moon, Raksha Bandhan in Top News on August 30: Nifty, Bank Nifty, Crude oil outlook, Asia Cup kicks off
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Rishabh Instruments Ltd IPO opens for subscription today (August 30). The company aims to raise around Rs 75 crore from a fresh issue and an offer-for-sale (OFS) of up to 9.43 million shares by its existing shareholders and promoters. At the higher end of the price range, the company is set to raise Rs 491 crore, resulting in a valuation of Rs 1,600 crore
Rishabh Instruments
IPO: Key details
CMS Info Systems, Tanla Platforms, Ion Exchange, SKM Egg Products Export (India) are among stocks that will turn ex-dividend today (August 30)
Ex-dividend stocks
today: CMS Info Systems, Tanla Platforms
Stargazers are in for a double treat this week as a rare Blue Super Moon with Saturn peeking from behind may be sighted on Wednesday. On August 30 night, the second full Moon of the month, also known as a Blue Moon will be visible. It will also be a 'Super Moon' because the celestial body will be closer to Earth than usual, appearing especially big and bright. As a bonus, Saturn will be visible as a bright point 5 degrees to the upper right of the Moon at sunset. The ringed planet will appear to circle clockwise around the Moon
Super Rare Blue Moon
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"The trading session began with a gap up, followed by range-bound trades as the Indian equities experienced a lacklustre performance. The support at the lower end remains solid at 19,245, serving as a barrier to prevent further declines. On the upper end, resistance is placed at 19,425; a breach of this level might lead to a more dependable rally. Expect a range-bound trading unless a clear breakout occurs on either side,” said Rupak De, Senior Technical analyst at LKP Securities
Share market outlook
today: Analyst view
"The Bank Nifty index displays a robust bullish sentiment at the lower end of the range, with sustained buying interest. As long as the index maintains its hold above the key level of 44,000, which coincides with significant put open interest, the prevailing stance remains on the buy side. An immediate challenge for further upside movement is positioned at 44,500. A successful breach of this level could trigger short covering and drive the index towards 45,000. This level is significant due to the highest open interest build up on the call side,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
Bank Nifty technical
view today
“Gold prices traded higher on Tuesday, with the spot gold price at Comex trading up by 0.10 per cent at $1921 per ounce. From a technical perspective, Comex spot gold has support at $1,910 and resistance at $1,933. The MCX Gold October future is expected to trade in a range of 58,580 to 59,300,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Gold Price today:
Analyst outlook
Rakshabandhan 2023 is on August 30, while it will be celebrated on August 31 in some states. On both August 30 and 31, banks in selected cities will remain closed, allowing families to commemorate the occasion with their loved ones
Raksha Bandhan today
“We believe bullish momentum will continue in oil prices, and traders should adopt a buy-on-dip strategy for the short term. NYMEX WTI Crude Oil has first resistance at $81.0; then 82.20 is the next major resistance, and it has support at $79.25. The MCX crude oil September contract has support at 6,580 and resistance at 6,760,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Crude oil price
outlook today
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
The Asia Cup 2023 kicks off on 30 August with two groups comprising three teams playing in round-robin style within their group. The top two sides from each group will then qualify for the Super Four stage. The Super Four will be another round-robin series of games. The top two sides from there will qualify for the final, to be played on September 17, 2023, in Colombo