Prime Minister Narendra Modi is set to launch projects worth over Rs 50,000 crore in the poll-bound states of Madhya Pradesh and Chhattisgarh today (September 14). This includes PM Modi laying the foundation stone of the Petrochemical Complex at Bina Refinery of Bharat Petroleum, which will be developed at a cost of about Rs. 49,000 crore
Samhi Hotels IPO and Zaggle Prepaid Ocean Services IPO are set to open for subscription today (September 14) and will close on Sept 18. Shares of both Samhi Hotels and Zaggle Prepaid Ocean Services are likely to list on the BSE and NSE on Sept 27
Radico Khaitan Ltd, Vadilal Industries Ltd, RHI Magnesita India Ltd, BLS International Services Ltd, J. Kumar Infraprojects Ltd, Akar Auto Industries Ltd, Amrutanjan Health Care Ltd, Caplin Point Laboratories Ltd, Dhunseri Investments Ltd, Divyashakti Ltd, Dr. Agarwals Eye Hospital Ltd, Ganesha Ecosphere Ltd, GOCL Corporation Ltd, Investment & Precision Castings Ltd, Lakshmi Mills Company Ltd, Lambodhara Textiles Ltd, Manaksia Ltd, Murudeshwar Ceramics Ltd, Nikhil Adhesives Ltd, Paisalo Digital Ltd, Patels Airtemp (India) Ltd, Prestige Estates Projects Ltd, Refex Industries Limited, Reliance Chemotex Industries Ltd, Rubfila International Ltd, Sakthi Finance Ltd, Sandhar Technologies Ltd, TPL Plastech Ltd, and Wep Solutions Ltd. are among stocks that will turn ex-dividend today (September 14)
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“The prevailing sentiment remains optimistic, contingent on put writers safeguarding the 19,900 level. A drop below 19,900 could unsettle put writers, potentially triggering market corrections. On the upside, the 20,100-20,150 range is poised to act as resistance. A clear breakthrough above 20,150 might propel Nifty into a sustained upward trend,” said Rupak De, Senior Technical analyst at LKP Securities
"The bulls took charge and dominated the market, resulting in the formation of a bullish engulfing candlestick pattern on the Bank Nifty index. This pattern signifies a potential reversal of the previous bearish sentiment.The lower-end support for the index is now established in the range of 45,700-45,600, serving as a strong cushion for the bulls and providing a crucial level of defense against any downward pressure. Looking ahead, the immediate hurdle on the upside is situated at the 46,000 mark. A successful breach above this level would likely pave the way for further upward momentum, with potential targets at 46,300 and 46,600 levels,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“From a technical perspective, we believe gold prices will extend their bearish trend after Comex gold broke previous support at the $1,915 level. The current fall can now further extend to $1,897 and $1,880 levels, and resistance is placed at $1,924/$1,929. The MCX Gold October future has support at Rs 58,450/58,280 and resistance at Rs 58,850/59,080,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
The 2023 Tata Nexon and Nexon EV facelift are set to be launched in India today (September 14). Amid reports of a price leak on social media, Tata Motors issued a note to clarify that any price related information prior to Sept 14 or being reported in the media is misleading and factually incorrect. It added that the new Nexon is a major upgrade on design, innovation, technology, safety, comfort, and performance
“We expect short-term bullish momentum to continue in crude oil, and the price can rally towards 7,480 and 7,525 in the upcoming trading session. NYMEX WTI Crude Oil has resistance at $92.80 and support at $87.20,” 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 remained stable today