Top News on Aug 8: Adani Ports, Coal India, Hindalco Q1 Results, Opposition to move No Confidence Motion against PM Modi govt, Castrol India, PowerGrid Corp ex dividend stocks, Nifty outlook, Oppo A58 4G launch
Produced by: Prashanti Moktan
Designed by: Mohsin Shaikh
Adani Ports, Coal India, Hindalco Industries, NMDC, Siemens, Oil India, Linde India, Prestige Estates, Aarti Industries, Lloyds Metals, Phoenix Mills, Eureka Forbes, Brigade Enterprises, Suven Pharma and Happiest Minds are among the companies that will announce their Q1 results today (August 8)
Q1 results today (August 8):
Adani Ports, Coal India,
Hindalco
The Opposition is set to move the no-confidence motion against the PM Narendra Modi-led government in the Lok Sabha today (August 8). Congress MP Gaurav Gogoi will move the motion, as per the list of business for Aug 8
No Confidence Motion
against PM Modi govt
Castrol India, PowerGrid Corp, Archit Organosys, Shalby, Taneja Aerospace & Aviation, Westlife Foodworld and Sterlite Technologies are among stocks that will turn ex-dividend today (August 8)
Ex-dividend stocks
today: Castrol India,
PowerGrid Corp
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“Global markets portrayed a mixed picture, with US futures exhibiting positivity in response to a moderation in bond yields, while European markets experienced declines due to weak economic data. Caution prevailed in the market due to the anticipation of upcoming inflation data and the RBI's monetary policy,” said Vinod Nair, Head of Research at Geojit Financial Services
Share market outlook
today (August 8)
“The resilience in the IT majors combined with noticeable buying in the pharma pack is largely fuelling the recovery while others are witnessing a mixed trend. On the benchmark front, Nifty has an immediate hurdle at 19,650 and a decisive break could add more legs to the rebound else profit taking would resume so plan your trades accordingly,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd
Share market outlook today
(August 8): Analyst view
“We believe that short-term greenback strength will keep bullion prices under pressure or only offer modest upside. From a technical perspective, looking at the weekly time frame of the chart, Comex gold is anticipated to move between $1,910 and $1,970, while the MCX Gold October contract is expected to move between Rs. 58,700 and Rs. 60,100 for this week,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Gold Price today (August 8):
Analyst outlook
Oppo A58 4G will launch in India today (August 8) and is set to go on sale starting from August 10, as per reports. Oppo A58 4G price for the single variant of 6GB + 128GB is expected to be Rs. 14,999, as per a report by TechOutlook which leaked specs of the Oppo smartphone. Powered by the MediaTek Helio G85 SoC paired with Mali G52 MC2 GPU, the Oppo A58 4G features are likely to include a 50MP primary camera, a 5000mAh battery supported by 33W fast charging
Oppo A58 4G to launch in
India today (August 8)
“For the upcoming trading session, we keep our view moderately bullish on crude oil on the back of supportive global fundamental cues. However, a minor correction cannot be ruled out as prices are in the overbought zone; any correction is a good buying opportunity for short-term traders. The WTI Crude is expected to move in the range of $78 to $85, and the MCX crude August contract is expected to trade in the range of Rs 6,620 to Rs 7,000 this week,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Crude oil price outlook
today (August 8)
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