Top News on July 28: Bank Of India, IOCL, Marico, Exide Industries Q1 Results; Tata Motors, IndiGo Paints ex-dividend stocks, share markets, Nifty outlook today, Ola S1 Air e-scooter bookings

Produced by: Prashanti Moktan

Q1 results today (July 28): Bank Of India, IOCL, Marico, Exide Industries

Indian Oil Corporation Limited (IOCL), Marico, Bank Of India, Exide Industries, Supreme Industries, United Breweries, Mahindra & Mahindra Financial Services, Star Health & Allied Insurance Company, Motherson Sumi Wiring India, NLC India, Apar Industries, RITES, Route Mobile Ltd, KFin Technologies, Swaraj Engines, Fino Payments Bank, Panama Petrochem, Kokuyo Camlin, Vimta Labs and eMudhra are among the companies announcing their Q1 results today (July 28)

Ex-dividend stocks today (July 28): Tata Motors, IndiGo Paints, IOCL

Tata Motors, IndiGo Paints, IOCL, Sun Pharma, Union Bank of India, Gandhi Special Tubes, Gloster, Godrej Agrovet, GRP, ICRA, Indian Energy Exchange, Joindre Capital, Jtekt India, Kaira Can Co, Kaycee Industries, Mangalam Cement, Mukand, Mukesh Babu, Info Edge, Nelcast, Nesco, Quick Heal Technologies, Rane Holdings, Sobha, TCI Express and Zydus Lifesciences are among stocks that will turn ex-dividend today (July 28)

Zeal Global Services IPO is set to open for subscription today (July 28) at a fixed price of Rs 103 per share. The issue, which will close for subscription on August 1, will get listed on the NSE Emerge platform

Zeal Global IPO to open today (July 28)

PM Narendra Modi will inaugurate 'Semicon India 2023’ today (July 28). The event, which is already underway and will go on till July 30, is a premier demonstration of India's semiconductor prowess and chip design innovation

PM Modi to inaugurate Semicon India 2023

Watch BTTV

Continue Viewing BT Visual Story

Arrow

Catch the latest business news, share market updates, expert analysis and exclusives only on BTTV.in

“Nifty ended the session with bearish “Engulfing” candlestick pattern on the daily chart. Nifty seems to be losing momentum and any level below 19,600 would confirm bearish trend reversal. Short term view on Nifty should remain cautious, till it surpasses 19,900-20,000 resistance zone,” said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities

Share markets today (July 28): Analyst view

“We are in a consolidation phase so it is normal to see volatile swings. The key is to manage risk until the trend resumes. Meanwhile , we feel it is prudent to restrict positions and use intermediate dips to gradually add quality stocks,” said Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.

Stock market outlook today (July 28)

“From a technical perspective, Comex gold has an immediate resistance level of $1,987/oz; if it crosses this level, the upside will extend towards the $2,005 level. On the flip side, the gold has first support at $1,967, then $1,950. The MCX Gold August future has support at Rs 58,980 and resistance at Rs 60,120,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

Gold Price today (July 28): Analyst outlook

Ola Electric's Ola S1 Air e-scooter is set to open for purchase from today (July 28) till July 30 for those who have pre-booked it. Ola S1 Air e-scooter bookings will open for everyone from July 31. The most affordable e-scooter from Ola Electric, Ola S1 Air starts at an introductory price of Rs 1.09 lakh and will cost Rs 1.19 lakh after the end of the introductory offer

Ola S1 Air bookings to open today (July 28)

“We expect crude oil's short-term trend to remain moderately bullish, and traders should adopt a buy-on-dip strategy in crude oil. For the day, NYMEX WTI crude oil has resistance at $83.20 and support at $78.50. The MCX Crude Oil August contract has resistance at Rs 6,620 and support at Rs 6,410,” said Saumil Gandhi, Senior Analyst- Commodities, HDFC Securities 

Crude oil price outlook today (July 28)

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

Petrol, Diesel Price today (July 28)