Produced by: Prashanti Moktan Designed by: Mohsin Shaikh
India will host the Global Partnership on Artificial Intelligence (GPAI) Summit starting today (December 12) at Bharat Mandapam in New Delhi. PM Narendra Modi will inaugurate the three-day annual AI summit. GPAI is a multi-stakeholder initiative with 29 member-countries, which supports cutting-edge research and applied activities on AI-related priorities
Housing Development & Infrastructure (HDIL) and Poddar Housing and Development Ltd are set to release their Q2 earnings for July-September 2023 today (December 12)
Logistics and supply chain solutions SJ Logistics IPO is set to open for subscription today (December 12) and will close on Dec 14. The SME IPO comes at a price band of Rs Rs 121 to Rs 125 per share. SJ Logistics shares will list on the NSE SME with the tentative listing date of December 19
“On Monday, Indian markets experienced a modest uptick. The Sensex and Nifty reached new milestones of 70,000 and 21,000, respectively, before retracing from their peaks and settling into a flat trajectory amidst volatile trading later in the day. The Nifty concluded at 20,997.10, while the Sensex closed at 69,928.53… Profit-taking occurred at higher levels, with traders eagerly awaiting key data releases, which includes inflation figures from both the US and India, along with the IIP,” said Shrey Jain, Founder and CEO SAS Online
"The market crossed 70,000 levels on Monday, while the broader market outperformed the main indices. However, profit booking was evident at higher levels as traders anticipated clues from upcoming significant data releases on inflation from the US and India, as well as the IIP. While US inflation is predicted to remain stable, the market anticipates a rise in domestic inflation. The better-than-expected US job data and a moderate increase in US bond yields from the recent lows, however, also encouraged investors to book profits at higher levels. Investors will be closely watching the upcoming FOMC meeting for clues about potential future rate cuts while expecting to keep rates the same this time," said Vinod Nair, Head of Research at Geojit Financial Services
"The Nifty traded mostly sideways as traders stayed on the sidelines at the beginning of a data-packed week. There's a strong resistance at 21,000, with call writers actively building positions. A decisive breakthrough above 21,000 is necessary to resume the uptrend. Until then, it's anticipated that the market will consolidate within a broader range,” said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index encountered resistance at higher levels, but the overall sentiment remains bullish, supported by a robust foundation at the 46800 level. The index is currently adopting a buy-on-dip strategy, suggesting that any declines towards the specified support zone present opportunities to initiate long positions. A significant breakthrough and closure above 47,500 are anticipated to trigger additional upward momentum towards the 48,000 mark,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
iQOO 12 is set to launch in India today (December 12) making it the first phone with Qualcomm's flagship Snapdragon 8 Gen 3 processor to hit India’s smartphone market. Recently, iQOO 12 price was accidentally revealed for both the 12GB and 16GB versions on Amazon. As per Amazon’s unintentional reveal which was later deleted, iQOO 12 5G price for 12GB RAM, 256GB storage variant is Rs 52,999 and the 16GB RAM, 512GB storage variant will cost Rs 57,999
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 in major cities