Tata Motors, Larsen & Toubro, Asian Paints, SBI Life Insurance Company, Bajaj Auto, Jubilant Foodworks, KPIT Technologies, Dixon Technologies, Suzlon Energy, Mindspace Business Parks REIT, Hitachi Energy India, Cyient, UTI Asset Management Company, Sundaram-Clayton, Ceat, Jyothy Labs, Amber Enterprises India Limited, Mahindra Holidays and Resorts India, Triveni Engineering and Industries and Delta Corp are among the companies announcing their Q1 results today (July 25)
Semicon India 2023, an event focusing on semiconductors, will begin today (July 25) and go on till July 30 at Mahatma Mandir in Gandhinagar, Gujarat. PM Narendra Modi will be inaugurating the main event on July 28
Larsen & Toubro is set to discuss its first-ever share buyback during a board meeting today (July 25). L&T will also deliberate on a special dividend on equity shares for FY 2023-24 during the meet
Stocks that will trade ex-dividend today (July 25) include Kirloskar Brothers, Orient Cement, Aastamangalam Finance, Andhra Petrochemicals, Bhansali Engineering Polymers, Carborundum Universal, Cholamandalam Investment & Finance Company, KEC International, Paushak, Standard Industries and Transport Corporation of India
“We believe that Bank Nifty is in the process of retracing the rise it has witnessed from 44,547 - 46,370. On the downside, it can slip towards 45,750 - 45,670 where support is in the form of the 38.2% Fibonacci retracement level and the 40-hour moving average is placed. Overall, the trend is still positive and once this consolidation is complete, we can expect the Bank Nifty to resume its uptrend. On the upside 46,500 is the expected target,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.
“The bears currently have the upper hand in the market, and the index is facing strong resistance at the 19,800 level, where aggressive call writing is observed. This resistance zone has become a significant hurdle for the bulls.If the index sustains below the 19,700 level, it may lead to further downside movement towards the support zone of 19,600-19,550, where the next support level is visible.Given the current market conditions and volatility, traders should be cautious and utilise both the resistance and support levels to make trading decisions,” said Kunal Shah, Senior Technical & Derivative analyst, LKP Securities
“From a technical perspective, Comex gold could move in a broader range of $1,987 to $1,925 per ounce. A move above the $1,987 level (50 percent Fib retracement zone) will open upside for the target of $2,022. The MCX Gold August future is expected to move in the range of Rs 58,750 to Rs 60,180,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“Going forward, we keep our view sideways to bullish on crude oil for this week. MCX Crude is expected to move in a range of Rs. 6,170 to Rs. 6,500, while WTI crude is expected to move in a range of $75.50 to $80 for the week,” said Saumil Gandhi, Senior Analyst- Commodities, HDFC Securities
PlayStation 5 will be available at its lowest price ever with a flat discount of Rs 7,500 in India starting today (July 25). The offer by Japanese tech giant Sony on the PlayStation 5 disc version will go on till August 7. Earlier, the disc version of the PlayStation 5 was available on Amazon at a 1% discount for Rs 54,200 while PS5 was being sold on Flipkart at the full price of Rs 54,990
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