Adani Total Gas, Thermax, Metro Brands, Escorts Kubota, KPR Mill, PVR INOX, Redington, Aptus Value Housing Finance India, Triveni Turbine, Bikaji Foods International, Anupam Rasayan India, Godrej Agrovet, Syrma SGS Technology, Maharashtra Seamless, Anant Raj, Kirloskar Brothers, GMDC, Sansera Engineering, Harsha Engineers, Welspun Enterprises, Dalmia Bharat Sugar, Orient Cement, Ugro Capital and Tracxn Technologies are among the companies announcing their Q1 results today (August 1)
DB Corp, JK Cement, Exide Industries, Resonance Specialties, Rupa and Company, Shetron, Orient Paper and Industries, SRF and Sharda Cropchem are among stocks that will turn ex-dividend today (August 1)
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“The short-term trend remains positive as Nifty found support at the 21EMA in the previous session. However, the RSI is currently in a bearish crossover, suggesting a potential downside. The lower end support is at 19,700, while resistance is at 19,800. A decisive move above 19,800 might induce a rally towards the 20,000 mark,” said Rupak De, Senior Technical Analyst at LKP Securities
“The bears have been holding strong around the 45,700-45,800 zone, creating a significant resistance area. A break above this resistance zone would signal the bulls taking complete control and potentially lead the index to fresh all-time high levels.However, if the index breaks below the 45,300 level, it may indicate further downside potential towards 45,000-44,700 levels, as the bears gain momentum and exert additional selling pressure,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
PM Narendra Modi will be conferred with the Lokmanya Tilak National Award in Pune today (August 1) at an event where NCP chief Sharad Pawar will be the chief guest. PM Modi will also lay the foundation stone of various development projects during his Pune visit
“From a technical perspective, we expect Comex Gold to move in the range of $1,920 to $1,987, and MCX Gold is expected to move in the range of Rs 58,900 to Rs 60,150,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Redmi 12 and Motorola’s affordable smartphone Moto G14 are set to launch today (August 1). Motorola’s budget-friendly smartphone does not support 5G but comes with dual rear cameras and a 6.5-inch Full-HD+ display. Redmi 12 series will reportedly launch in India with both the 5G and 4G versions. Redmi 12 5G price may start at Rs 13,999 while Redmi 12 4G price is expected to start at Rs 9,999, as per reports. Moto G14 is expected to cost between Rs 10,000 and Rs 11,000, as per a report by 91mobiles
“We keep our view moderately bullish on Crude oil for the upcoming trading session, where the short-term range for MCX Crude oil is expected to be Rs 6,820 to Rs 6,480, while WTI crude is expected to move in a range between $83.80 to $77.50,” said Saumil Gandhi, Senior Analyst- Commodities, HDFC Securities
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