Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
Adani Enterprises, Tata Motors, Adani Power, Dabur India, IRFC, Suzlon Energy, Berger Paints, Godrej Properties, Cholamandalam Investment, Container Corp, Gujarat Gas, Clean Science, IEX, 360 One Wam and Solar Industries India are among companies that will release their Q2 earnings for July-September 2023 today (November 2)
Hindustan Unilever Limited (HUL), Tech Mahindra, Coforge Limited, Kajaria Ceramics Ltd, Laurus Labs, Bhansali Engineering Polymers Ltd and Share India Securities shares are set to trade ex-dividend today (November 2)
Today (November 2) marks the last day to subscribe to the IPO of Mamaearth’s parent company Honasa Consumer. Honasa Consumer IPO price band has been set at Rs 308 to Rs 324 per share. Honasa Consumer Limited IPO GMP was Rs 6 at around 4:30 pm on Wednesday. Honasa Consumer shares will list on the BSE and NSE with the tentative listing date of November 10
“FIIs offloading shares in the domestic market continues to hurt sentiment while strong US growth indicators indicate that interest rates may stay elevated going ahead. Investors sentiment was also primarily clouded by lingering concerns about corporate India’s Q2 earnings which as of now is uninspiring. Technically, upside in Nifty could be seen only above the biggest hurdle at 19,289 mark, while support is placed at 18,823 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
“Prior to the FOMC meeting, the index faced selling pressure from higher levels but successfully held the 18,940 support level. Immediate resistance on the upside is identified at 19,100, and a breakout above this level may trigger short-covering moves toward the 19,250-19,300 range. Conversely, if the lower-end support at 18,940 is breached on a closing basis, it could intensify selling pressure, potentially pushing the index to new lows,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“The Bank Nifty index formed a doji candle, suggesting a state of indecision at the current levels, with a battle between bulls and bears. Immediate resistance is observed at 43,000, where significant open interest is concentrated on the call side. A breach above this level could trigger short-covering moves towards 43,500. Conversely, the lower-end support is positioned at 42,400, and if it is breached on a closing basis, it may escalate the selling pressure,” said Deven Mehata, Research Analyst, Choice Broking
“From a technical perspective, Comex Spot Gold has immediate support at $1960, and then $1945 acts as the next support, while resistance is at $2009. MCX gold December future has resistance Rs. 61,300 and the first support at Rs. 60,580, and then Rs. 60,250 is the next important support,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“MCX Crude Oil November Future has immediate support at 6,710, and then 6,580 acts as the next support. The area around 6,925 acts as strong resistance. NYEMX WTI crude oil has resistance at $85.800 and support at $80.25,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Ahead of Diwali, Mercedes-Benz will be launching the GLE facelift and the AMG C43 in India today (November 2). Mercedes GLE facelift SUV price is expected to start at around Rs 97 lakh for the 2023 GLE 300d variant while the sedan Mercedes AMG C43’s price could reportedly range from Rs 1.10 to Rs 1.20 crore
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