Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
SpiceJet Ltd’s board is set to meet today (December 11) to consider options to raise fresh capital, as per an exchange filing. The aviation company stock made gains on the market based on this update
Budget airline Spicejet and Fedbank Financial Services Ltd are set to release their Q2 earnings for July-September 2023 today (December 11). SpiceJet shares will be among stocks in focus
Presstonic Engineering IPO is set to open for subscription today (December 11) and will close on Dec 13. The issue comes at a fixed price band of Rs 72 per share. Presstonic Engineering shares will list on the NSE SME with the tentative listing date of December 18
“The RBI took a balanced approach by raising the economic growth forecast and also expressing concern on food inflation, which may have an elevated trajectory in the short-term. A drop in rabi sowing and dipping reservoir levels provides a perception that foodgrain prices can rise. The impact was visible on FMCG stocks, which underperformed on Friday,” said Vinod Nair, Head of Research at Geojit Financial Services
"Buying resumed after a day's break on Thursday as benchmark indices notched up fresh highs on the back of positive global cues and RBI raising FY24 GDP forecast to 7% in its monetary policy announcement. While the central bank is positive about the country's strong growth prospects going ahead, it remains wary of inflation and indicates that a higher interest rate regime may not reverse in a hurry, which triggered a sharp volatility in intra-day trades. Despite overbought technical conditions, the short-term technical outlook for markets continues to be in favor of the bulls, with support for Nifty placed at 20,777-20,521 levels and resistance at 21,121-21,331 range," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
"Going forward, 21000 is likely to act as a crucial level for the Nifty as call writers have built their maximum positions at that strike price. A resumption of the current uptrend might be seen above 21000, with the potential to reach towards 21550. On the lower end, put writers have built significant positions at 20900 and 20800; below these levels, profit booking might increase,” said Rupak De, Senior Technical analyst at LKP Securities
"Bank Nifty witnessed a significant rally during the week, but has been consolidating around 47,000 post-rally. A breakout from the current consolidation level could push the index towards 48,000 in the short term. Support is placed at 46,500, where put writers have built significant positions. A decisive move above 47,200 might trigger a significant rally,” said Rupak De, Senior Technical analyst at LKP Securities
The Supreme Court will announce its judgement today (December 11) on pleas that were contesting the abrogation of Article 370 of the Constitution, which granted special status to the former state of Jammu & Kashmir. CJI D Y Chandrachud-led five-judge bench will deliver the verdict on the constitutional validity of the Centre's decision on August 5, 2019 to abrogate Article 370
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