Ace investor late Rakesh Jhunjhunwala’s RARE Enterprises-backed Concord Biotech shares are set to list on BSE and NSE today (August 18). The GMP of the shares is reportedly around Rs 120- Rs 125. Concord Biotech IPO was subscribed 24.87 times
Apollo Hospitals Enterprises Ltd, LIC Housing Finance Ltd, Jindal Steel & Power Ltd, Coal India Ltd, Container Corporation Of India Ltd, Crest Ventures Limited, D-link (India) Ltd, D-Link (India) Ltd, Elixir Capital Ltd, Godawari Power & ISPAT Ltd, Greenply Industries, IFGL Refractories Ltd, Indian Railway Catering And Tourism Corporation (IRCTC) Ltd, JJK Paper Ltd, KSE Ltd, Lehar Footwears Ltd, Magna Electro Castings Ltd, NGL Fine-Chem Ltd, Oil And Natural Gas Corporation (ONGC) Ltd, Page Industries Ltd, Petronet LNG, Prudent Corporate Advisory Services Ltd, QGO Finance, RBL Bank, Shilp Gravures Ltd, SIL Investments Ltd, Sirca Paints India Ltd, Somany Ceramics Ltd, Sutlej Textiles & Industries Ltd, Tata Metaliks Ltd, Tega Industries Ltd, Vidli Restaurants Ltd, AVT Natural Products Ltd, and Whirlpool Of India Ltd among stocks that will turn ex-dividend today (August 18)
“The prevailing sentiment stays negative as the index continues to stay below the crucial moving average. Looking at the upper range, the sell-on-rise approach might be more effective as long as the level of 19525 remains unbroken. On the downside, levels around 19250 serve as immediate support in case of any decline,” said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index displayed resilience by maintaining the support level of 43,600, which aligns with its 100-day moving average (100DMA). This support zone becomes crucial for adopting a buy-on-dip strategy. A key resistance level at 44,200 awaits, and surpassing it could trigger short-covering and a potential move towards the 45,000 level. The momentum indicator, RSI, entering the oversold region suggests a potential rebound. This possibility becomes more significant if the mentioned support level holds,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
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Pyramid Technoplast IPO and Crop Life Science IPO are set to open today (August 18) for subscription. Pyramid Technoplast IPO price band is Rs 151- 166 per share while Crop Life Science IPO price band has been fixed at Rs 52 apiece
“USDINR spot is trading at 83.14, up 18 paise, due to rise in the US bond yields and fall in the Chinese currency. We suspect RBI may have intervened and sold dollars. However, over the near term, bias remains upward and we could USDINR breaching 83.24, previous all time highs. We expect a range of 82.90 and 83.80 on spot,” said Anindya Banerjee, VP - Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd
With continued Fed Reserve policy tightening, the Gold price fell to its lowest point in five months. Concerns about inflation have persisted despite 11 rate hikes since March 2022, which may call for further monetary tightening. In the European session, Gold is trading slightly positive after recovering from the support level near Rs 58,400. The price would likely encounter significant resistance at Rs 58,600, and if it did, we may anticipate a price retreat in the direction of Rs 59,000, as per Choice Broking
Price has recovered so far in Thursday's session, and if resistance at the Rs 6,734 - 50-EMA level on the 4-hour chart is broken, price could continue to rise. Here, the 100-EMA on the 4-hour chart, which is at Rs 6,569, provides immediate support, as per Choice Broking
Samsung Galaxy Z Flip 5 and Samsung Galaxy Z Fold 5 are set to go on sale today (August 18) at retail outlets, on the Korean tech giant’s official website and on e-commerce platforms Amazon and Flipkart. Samsung’s Made in India foldable smartphones have several variants and price points. Samsung Galaxy Z Flip 5 price starts at Rs 99,000 for the 8GB RAM + 256GB variant while Samsung Galaxy Z Fold 5 price starts at Rs 154,999 for the 12GB RAM + 256GB storage variant
Lamborghini Electric GT concept is set for a global debut today (August 18) during Monterey Car Week in California, USA. Lamborghini e-GT is a 2+2 seater that is expected to be available globally in 2028
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