Tata Steel, Britannia, Hero MotoCorp, Adani Wilmar, Godrej Consumer, Ambuja Cements, Sun Pharma, REC, Indraprastha Gas, Kansai Nerolac, LIC Housing Finance, Relaxo Footwear, KEC International are among companies that will release their Q2 earnings for July-September 2023 today (November 1)
Nestle India and Cyient Ltd shares are set to trade ex-dividend today (November 1). Nestle India earlier declared an interim dividend of Rs 140 while for Cyient, it was Rs 12 per share
Reliance Industries Limited (RIL) is set to open the doors to the public to India’s largest luxury mall - the Jio World Plaza, today (November 1). Spread across 7.50 lakh sq ft in Mumbai’s Bandra Kurla Complex (BKC), the mall will be home to various local and international luxury brands such as Balenciaga, Pottery Barn Kids, Louis Vuitton, Gucci, Cartier, Dior, YSL, Bulgari, Manish Malhotra, Abu Jani-Sandeep Khosla and Rahul Mishra
“We may see a mixed trend for markets in the near to medium term. On daily charts, the Nifty has formed a bearish candle indicating further weakness from the current levels. We are of the view that the market is likely to consolidate within the range of 18980 to 19220. However, below 18980, traders may prefer to exit out from long positions,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd
“Index has a support around 19050-18850 zone. Coming to the OI Data, on the call side, the highest OI observed at 19200 followed by 19300 strike prices while on the put side, the highest OI is at 19000 strike price. On the other hand, Bank nifty has support at 42500-42300 while resistance is placed at 43100-43300 levels," said Deven Mehata, Research Analyst, Choice Broking
“We believe the gold price is likely to trade in a narrow range as traders await the outcome of a major two-day FOMC monetary policy meeting for hints about the future rate-hike path. Comex Spot Gold has immediate resistance at $2,009, and then $2,022 acts as the next resistance; on the flip side, support is at $1,965. MCX gold December future has support at Rs. 60,680 and the first resistance at Rs. 61,400, and then Rs. 61,650 is the next important resistance,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“We anticipate that crude oil prices will trade in a broader range with a negative bias. MCX Crude Oil November Future has resistance at 7,050 and support at 6,780. The price is expected to trade in this range for the day. NYEMX WTI crude oil has resistance at $87.0 and support at $81.50,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Prime Minister Rishi Sunak-led UK will be hosting the AI Safety Summit 2023, a two-day event on AI at Bletchley Park in Buckinghamshire starting today (November 1). French President Emmanuel Macron and US President Joe Biden will skip the summit. The US will be represented by Vice-President, Kamala Harris while tech billionaire Elon Musk will also reportedly attend the AI summit
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