Top News on June 28: BPCL to consider fund raising, Mumbai-Goa Vande Bharat Express to commence services, Nifty, share markets outlook today, Gold price

Produced by: Prashanti Moktan

BPCL to consider fund raising

A meeting of the Board of Directors of Bharat Petroleum Corporation Limited (BPCL) will be held today (June 28) to consider fund raising via rights issue “for achieving energy transition, net zero and energy security objectives”

Mumbai-Goa Vande Bharat Express to commence services today (June 28)

Mumbai-Goa Vande Bharat Express is set to commence services starting today (June 28). The Mumbai-Goa Vande Bharat train was among the five new Vande Bharat trains flagged off by PM Narendra Modi on Tuesday

“In terms of levels, 18,650 – 18,600 shall act as a crucial support zone while 18,880 – 18,900 shall act as a crucial resistance zone… As far as Bank Nifty is concerned, the Index has decisively closed above the 20 day moving average (43,909)  which is a bullish sign. The daily momentum indicator has triggered a fresh positive crossover which is a buy signal. Thus, both price and momentum indicator are suggesting a further upside in the Bank Nifty. On the upside we expect it to target levels of 44,500,” said Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas

Analysts on Nifty, Sensex today (June 28)

Eid-Al-Adha: Banks closed today (June 28) in some cities

Banks will remain closed on June 28 and 29 for Eid-Al-Adha.  Belapur, Jammu, Kochi, Mumbai, Nagpur, Srinagar, and Thiruvananthapuram are the cities where banks will be shut today (June 28) on the occasion of Bakr-Eid

IT services giant Infosys will reportedly start operating from its office in Visakhapatnam today (June 28). Infosys will reportedly staff 650 employees in its Vizag office and is expected to add 1,000 more employees later

Infosys to start operations from Vizag today (June 28)

Gold Price today (June 28): Analyst outlook

“Comex gold is expected to move in the range of $1,910 to $1,950. If the price falls below the $1,910 level, it could face downward pressure until the $1,880 level. The MCX Gold August future has resistance at Rs 59,370 and support at Rs 57,470,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

Federation of Telangana Chambers of Commerce and Industry (FTCCI) will kick start it three-day Industrial Innovation and Technology Expo-2023 from today (June 28) at Hitex in Hyderabad. The expo, which has free entry, will be open from 11 am to 6:30 pm

Industrial Innovation and Technology Expo-2023 in Hyderabad

“NYMEX WTI crude oil has strong resistance at $73.20 and key support at $66.70 per barrel. MCX Crude Oil July contract price will face trendline resistance around the Rs 5,900–5,935 zone, and on the flip side, Rs 5,520 acts as support,” said Saumil Gandhi, Senior Analyst- Commodities, HDFC Securities

Crude oil price outlook today 

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

Diesel, Petrol Price today (June 28)