The Supreme Court is scheduled to hear the Adani-Hindenburg case today (August 29). Earlier on August 25, the SEBI filed a fresh status report before the apex court apprising it that out of 24 investigations arising out of the Hindenburg report against Adani Group, 22 are final in nature and 2 are interim in nature
Union Minister for Road Transport & Highways Nitin Gadkari is set to unveil a 100% ethanol-fueled variant of Toyota's Innova car today (August 29). As per PTI, this will be the first BS-VI (Stage-II), electric flex-fuel car in the world
Birla Corporation Ltd, Elnet Technologies Ltd, GMM Pfaudler Ltd, Mysore Petro Chemicals, Pilani Investment And Industries Corporation, Tamilnad Mercantile Bank are among stocks that will turn ex-dividend today (August 29)
Aeroflex Industries IPO will finalise the basis of allotment of its shares today(August 29). Ashish Kacholia-backed Aeroflex Industries had opened its issue for subscription on August 22 in the fixed price band of Rs 102-108 apiece
“Although the trend remains weak, the failure to fall below 19,245 on a closing basis may lead to a short-term pullback in the market. The RSI has shown a bullish crossover. Support is positioned at 19,245; a decisive breach below this level could attract significant selling pressure. On the higher end, resistance is observed at 19,450,” said Rupak De, Senior Technical analyst at LKP Securities
"The Bank Nifty index displays a robust bullish sentiment at the lower end of the range, with sustained buying interest. As long as the index maintains its hold above the key level of 44,000, which coincides with significant put open interest, the prevailing stance remains on the buy side. An immediate challenge for further upside movement is positioned at 44,500. A successful breach of this level could trigger short covering and drive the index towards 45,000. This level is significant due to the highest open interest build up on the call side,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“We believe the short-term outlook remains muddled in gold due to a higher US interest rate for a longer time and the strength of the dollar index. For the week Comex Gold and MCX Gold (October) are expected to trade in the range of $1,880 to $1,945 and Rs. 58,180 to Rs. 59,300, respectively,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
Oppo Find N3 Flip and Oppo Watch 4 Pro will be launched in China today (August 29) at around 11:30 am IST. N3 Oppo Find N3 Flip is set to be the first foldable phone with Hasselblad cameras. Oppo Find N3 Flip price is expected to be around Rs 75,490, as per 91mobiles
“Based on conflicting fundamental indicators, the price of crude oil is expected to move sideways to moderately bearish during the upcoming trading session. NYMEX WTI Crude Oil has immediate support at $77.50; once price breaks this support, the fall will extend to $75.0, and it has resistance at $81.80. The MCX crude oil September contract has support at 6,415 and resistance at 6,750,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
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