Produced by: Prashanti Moktan Designed by: Manoj Kumar
ONGC, Coal India Ltd, E.I.D.-Parry (India) Ltd, Sun TV Network Ltd, EPL Ltd, Gillette India Ltd, Gujarat Pipavav Port Ltd, National Peroxide Ltd, RMPC Switchgears Ltd, Senco Gold Ltd, Tide Water Oil (India) Ltd and Talbros Engineering Ltd shares are set to trade ex-dividend today (November 21)
The Indian Renewable Energy Development Agency IPO will open for subscription today (November 21) and close on Nov 23. IREDA IPO price band has been set at Rs 30 to Rs 32 per share. IREDA IPO GMP was at Rs 6 as of 10 pm on Nov 20. IREDA shares will list on the BSE SME with the tentative listing date of December 4
Machino Plastics Ltd, Clio Infotech Ltd., Unistar Multimedia Ltd, Mewar Hi Tech Engineering Ltd (MHEL), Ranjit Securities Ltd, SecUR Credentials Ltd, and Ushdev International Ltd are among companies that will release their Q2 earnings for July-September 2023 today (November 21)
“Benchmark indices experienced a second consecutive decline on Monday, with the Sensex dropping 139 points to close at 65,655 and the Nifty falling by 37 points to close at 19,694. Despite this, there has been a consistent uptrend in small and mid-cap stocks… Notably, they have surged by over 9% and 7%, respectively, in the current month,” said Shrey Jain, Founder and CEO SAS Online
“Markets lingered in negative territory in a listless trading session and extended its losing streak amid selling in select frontline stocks. Investors continue to trade with caution amid uncertainty over the ongoing West Asia conflict, and global economic slowdown concerns. While markets struggled to capitalize on positive global cues, investors also shrugged off hopes for more stimulus from China. Technically, Nifty needs to reclaim the 19,889 mark to unleash fresh upside, while the biggest support is placed at 19,471 mark,” said Prashanth Tapse, Research Analyst-Sr VP Research, Mehta Equities Ltd
"The Nifty index is currently trading within a broad consolidation phase, forming an inside bar candle pattern, with support observed at 19,650 and resistance at 19,800. For a decisive trending move, the index needs to break out of this range with significant volumes on either side. Despite the consolidation, the broader picture remains bullish, with major support identified in the 19,550-19,500 zone. A break above 19,850 is anticipated to open up room for the index to reach all-time high levels,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
"The Bank Nifty index has formed a doji candle on the daily chart, suggesting indecisiveness at the current levels. The index encounters formidable resistance at 44,000, where the highest open interest is concentrated on the call side. A breakthrough above this level is anticipated to trigger sharp short-covering moves. Conversely, the lower-end support is positioned at 43,300, and a breach below this level could pave the way for further downside movement towards the 42,800 level. This data highlights a delicate balance in market sentiment, with potential for significant moves based on key resistance and support levels,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“The Rupee concluded on a weaker note, shedding nearly 11 paisa, driven by robust U.S. dollar demand from domestic companies. Additionally, the Rupee weakened in response to the strength observed in the currencies of other developed countries. Anticipating continued weakness, we foresee the Rupee potentially reaching levels of 83.50 and 83.63 in the coming days, with 83.10 serving as a crucial support level,” said Rahul Kalantri, VP Commodities, Mehta Equities Ltd
Indian electric two wheeler maker e-Sprinto is set to unveil two new e-scooters e-Sprinto Rapo and e-Sprinto Roamy today (November 21). “Our latest addition, Rapo and Roamy electric scooters is a testament to our dedication to providing eco-friendly, high-performance mobility solutions. What sets them apart is not just their advanced features and build quality, but also their incredible affordability and the ability to effectively address range anxiety,” said e-Sprinto Co-Founder and Director Atul Gupta
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