Tata Power, Berger Paints, Trent, PI Industries, IRCTC, Bharat Forge, Abbott India, Uno Minda, ZEE, Ratnamani Metals, Kalyan Jewellers, Natco Pharma, Max Financial and SJVN are among the companies that will announce their Q1 results today (August 9)
“Ahead of the policy, rate-sensitive sectors such as banking, NBFCs, real estate, auto, and infrastructure are likely to remain in focus. While the market is expecting a status quo in the repo rate, it will be keen to hear the RBI's assessment of the inflation trajectory and the outlook for growth. Any hint of a hawkish stance from the RBI could weigh on sentiment in these sectors,” said Santosh Meena, Head of Research, Swastika Investmart Ltd
ICICI Bank, LT Foods, Motherson Sumi Wiring, Sarthak Metals, Planter Polysacks stocks and West Coast Paper Mills are among stocks that will turn ex-dividend today (August 9)
“As we move towards the end of Q1FY24 results season, action will shift to macro factors, with many economic data due for release during the week. Investors await key inflation data from US, India and China for further market direction. Also locally, RBI meeting kicked off today, the results of which would be declared on Thursday. We thus expect market to consolidate, while Interest sensitive sectors are likely to be in focus,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
“Apart from the mixed global cues, the continued underperformance from the key sectors viz. banking, auto and FMCG are weighing on the sentiment. It is normal to see such days during the consolidation phase so we reiterate our view to limit positions and wait for clarity,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd
“We believe the short-term trend remains moderately bearish in precious metals. Comex gold has immediate support at the $1,924 level; if it breaks this support level, then the fall will extend to the $1,910 level. Areas around $1,945 act as resistance for the day. The MCX Gold October future has support at Rs 58,950 and resistance at Rs 59,580,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Poco M6 Pro 5G first sale is set to begin at 12 pm today (August 9) on Flipkart. Poco M6 Pro 5G price during the first sale begins at Rs 9,999 for the 4GB+ 64GB variant while the Poco M6 Pro 5G 6 GB+ 128 GB variant is priced at Rs 11, 999
“We believe crude oil prices should consolidate in the upper range with a negative bias for the day. NYMEX WTI crude oil has resistance at $82.50 and support at $79.0. The MCX Crude oil August contract has resistance at Rs 6,820 and support at Rs 6,580,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
2023 Mercedes-Benz GLC will launch in India today (August 9). The 2023 version of the German luxury carmaker’s GLC SUV is expected to be priced at Rs 60 lakh (ex-showroom) onwards. Mercedes-Benz GLC’s rivals include Audi Q5, Volvo XC90 and BMW X3
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