Top News on June 27: SAT hearing on ZEEL promoter vs Sebi case, PM Modi to flag off 5 new Vande Bharat trains, HAL share split, Nifty outlook, Cyient DLM IPO, Triumph-Bajaj bike global debut

Produced by: Prashanti Moktan

SAT hearing on ZEEL promoter vs Sebi case today (June 27)

The Securities Appellate Tribunal will continue hearing the plea of Zee Entertainment Enterprises Limited MD and CEO Punit Goenka and Essel Group Chairman Subhash Chandra against Sebi’s order today (June 27)

PM Modi to flag off five Vande Bharat Express trains today (June 27)

PM Narendra Modi will flag off five new Vande Bharat trains today (June 27). The Vande Bharat Express trains being launched today are Rani Kamalapati (Bhopal)-Jabalpur Vande Bharat Express, Khajuraho-Bhopal-Indore Vande Bharat Express, Madgaon (Goa)-Mumbai Vande Bharat Express, Dharwad-Bengaluru Vande Bharat Express, and Hatia-Patna Vande Bharat Express

HAL share split in offing?

Hindustan Aeronautics Limited’s board of directors are set to meet today (June 27) to consider a proposal to split equity shares of the company

“In terms of levels, 18,650 – 18,600 shall act as a crucial support zone while 18,880 – 18,900 shall act as a crucial resistance zone… The 20-day moving average of 43,976 acted as a stiff resistance and the index was unable to surpass it. The Bank Nifty is still stuck in a range and until the zone of 44,000 – 43,500 is not decisively breached on either side the range-bound action is likely to continue,” said Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas

Analysts on Nifty, Sensex today (June 27)

Cyient DLM IPO to open  today (June 27) 

Cyient DLM will open for subscription from June 27 and wil close on June 30. The price band for Cyient DLM IPO has been fixed at Rs 250-265 per equity share

On the occasion of International MSME Day, Ministry of MSME is celebrating ‘Udyami Bharat-MSME Day’ today (June 27) at Vigyan Bhawan, New Delhi.  Union Minister for MSME, Shri Narayan Rane, will be the Chief Guest and Union Minister of State (MSME), Shri Bhanu Pratap Singh Verma will be the Guest of Honour in this programme

Udyami Bharat-MSME Day 2023 today (June 27)

Gold Price today (June 27): Analyst outlook

“Comex gold is expected to move in the range of $1,910 to $1,950. If the price falls below the $1,910 level, it could face downward pressure until the $1,880 level. The MCX Gold August future has resistance at Rs 59,370 and support at Rs 57,470,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

“For the week, NYMEX WTI crude oil has strong resistance at $73.20 and key support at $66.70 per barrel. MCX Crude Oil July contract price will face trendline resistance around the Rs 5,900–5,935 zone, and on the flip side, Rs 5,520 acts as support,” 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 today remained stable

Diesel, Petrol Price today (June 27)