Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
The RBI Monetary Policy Committee (MPC), will start its 3-day meeting today (December 6), and the decision of the MPC meeting on repo rate, growth forecast and more will be announced by RBI Governor Shaktikanta Das on Friday, December 8. “The RBI’s monetary policy meeting is expected to be status quo however, the commentary on economy growth, foodgrain prices and inflation trajectory will be closely watched,” said Vinod Nair, Head of Research at Geojit Financial Services
Sheetal Universal IPO will close for subscription today (December 6). The Sheetal Universal IPO price band has been set at Rs 70 per share. Sheetal Universal IPO GMP was at Rs 12 as of 7 pm on Dec 5. Shares of the SME IPO Sheetal Universal will list on the NSE SME platform with the tentative listing date of December 11
"The domestic market extended the gains and hit fresh highs despite cautiousness among global peers ahead of key US job data this week. The aura of the state election results and other positive factors like above-expected earnings and GDP growth data are supporting the return of FII flows to the Indian market," said Vinod Nair, Head of Research at Geojit Financial Services
“Benchmark indices extended their winning streak for the sixth consecutive session, driven by the positive sentiment in domestic markets following state election victories for the ruling party… Despite the bullish trend, caution is warranted as Nifty enters the overbought zone, with the Relative Strength Index (RSI) exceeding 80. This could lead to some profit booking; considering these developments, it is advisable to adjust and trail your stop loss to mitigate any potential risk,” said Shrey Jain, Founder and CEO, SAS Online
"Nifty has continued its upward momentum, marking gains for the sixth consecutive day. The prevailing trend stays positive, supported by the critical moving average. The RSI's bullish crossover signifies a positive momentum. Towards higher levels, Nifty faces resistance at 21,000, a zone where significant call writers have positioned themselves. Conversely, support is situated at 20,700 on the lower end,” said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index maintained its robust buying momentum, although it formed a doji candle on the daily chart, suggesting a potential pause in the uptrend. A decisive breakout above 47,100, sustained over time, could propel the index toward 47,500 levels, indicating further upward momentum. The lower-end support has shifted to 46,400, serving as a crucial cushion for the bulls in case of any retracement,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
Redmi 13C 5G and Redmi 13C 4G are set to be launched in India today (December 6). Redmi 13C 5G will be powered by MediaTek Dimensity 6100+ chipset. Redmi 13C 5G is expected to be priced below Rs 15,000 while Redmi 13C 4G price could be less than Rs 10,000, as per reports
Lamborghini Revuelto will be launched in India today (December 6). The hybrid supercar is the first by Lamborghini with a plug-in hybrid powertrain. Boasting of a powerful hybrid V12 engine, Lamborghini Revuelto price will reportedly be Rs 8.9 crore (ex-showroom)
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