Jio Financial Services is set to be removed from the benchmark 30-pack Sensex and the other BSE Indices today (September 1) ahead of the opening trade. JFS, the demerged financial business of Reliance Industries, was cited as the fourth growth engine by RIL Chairman Mukesh Ambani at the conglomerate’s 46th AGM
Metro Brands, APL Apollo Tubes Ltd, NBCC (India) Ltd, Arvind Fashions, Vinati Organics, Bhageria Industries Ltd, Gujarat State Petronet Ltd, DMR Hydroengineering & Infrastructures Ltd, Foods & Inns Ltd, Ganesh Housing Corporation Ltd, GNA Axles Ltd, Gujarat Themis Biosyn Ltd, MPIL Corporation, Patel Integrated Logistics Ltd, Pearl Global Industries, PSP Projects, Ram Ratna Wires, Rishiroop Ltd, Sansera Engineering, Shipping Corporation Of India, SNL Bearings Ltd, Supershakti Metaliks Ltd, Suraj Products Ltd, Vakrangee Limited, Suryaamba Spinning Mills, Syrma SGS Technology Ltd, Themis Medicare Ltd, Triveni Engineering & Industries Ltd and Ujjivan Financial Services, are among stocks that will turn ex-dividend today (September 1)
SME IPOs Basilic Fly Studio Limited IPO and Pramara Promotions IPO will open for subscription today (September 1) and close on Sept 5. Pramara Promotions IPO is priced at Rs 63 apiece while Basilic Fly Studio Limited IPO is being offered at a price band of Rs 102-108 per share
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“The overall sentiment remains pessimistic, with the likelihood of any upward rallies being met with selling activity. On the downside, the initial support level is placed at 19,200. If the index falls below the 19,200 level, it could potentially move towards the 19,000 mark. The sell on rise strategy is expected to favour the traders until the Nifty convincingly surpasses the 19,500 level,” said Rupak De, Senior Technical analyst at LKP Securities
"During the last day of August expiry, the BankNifty index faced persistent selling pressure from the bears, ultimately leading to a negative close of 0.35% for the day. The upcoming sessions are crucial for the bulls as they aim to defend the critical support zone of 44,000-43,800. Failure to hold this support level could trigger additional declines, potentially pushing the index towards the 43,000 mark.On the upside, the immediate obstacle for the index lies at 44,200. If the index manages to breach this level, it could set the stage for further upward movement towards the 44,500 level,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
“From a technical perspective, on the daily chart, Comex spot gold has a trendline resistance zone at $1,955 to $1,960 and support at $1,933 for the day. The MCX Gold October future is expected to trade in a range of 59,180 to 59,700,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
The Indian Navy is set to get a new warship Mahendragiri, which is the seventh and last stealth frigate of Project 17A. Sudesh Dhankhar, wife of Vice President Jagdeep Dhankhar, will launch the warship at the Mazagon Dock Shipbuilders Limited, Mumbai today (September 1)
Moto G84 5G will be launched in India today (September 1). With a 6.55-inch POLED display and likely to be powered by Snapdragon 695 SoC, Moto G84 may come as a single variant of 12 MB RAM and 256 GB storage. Moto G84 5G price was accidentally leaked as Rs 19,999 in a Reliance Digital listing
“We expect crude oil prices to continue to trade with a moderately positive bias. From a level perspective, NYMEX WTI Crude Oil has immediate resistance at $82.2; then 83.5 is the next major resistance, and it has support at $80.50 for the day. The MCX crude oil September contract has support at 6,680 and resistance at 6,870,” 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