Gold may rise to test the resistance zone of $4520-$4535. However, oil prices rising further will pose a downside risk to this possibility.
Silver may rise further to test resistance around $68 as yields, after relentless rise in last few days, can correct further. Interim resistance is seen at $66.55. Support is at $64.50-$62.80
Tata Sons cleared N. Chandrasekaran's five-year reappointment and its proposed listing. Tata Trusts has opposed both the reappointment and listing, citing the Trusts' public-purpose role in the group.
MOFSL highlighted JSW Steel and Tata Steel as its top picks, noting that companies with stronger cost positions, captive raw materials and greater value-added exposure should be better positioned to d
Sonaselection India IPO is a book-built issue worth ₹141.57 crore. The issue comprises an entirely fresh issue of 1.43 crore equity shares.
Nifty 50's crucial support is at the 23,000 - 23,100 zone. A breach below this could lead to a continuation of the downtrend towards 22,600 - 22,500 zone.
Nifty's recovery above the 23,200 level provides some near-term relief; however, the broader structure remains weak.
Rentomojo shares listed 18.81 per cent higher at ₹480 on BSE and 19.42 per cent higher at ₹482 on NSE.
LCC Projects shares listed 31.4 per cent higher at ₹191 on BSE and 29.45 per cent higher at ₹189 on NSE.
Tata Communications, PVR INOX and Radico Khaitan are showing bullish technical setups, backed by breakouts, support-based reversals and improving momentum indicators.
In August, Treasury more than doubled its bond repurchase operations from $2 billion to at least $4 billion per operation
Master Trust highlighted the company's long operating history, dealer network and exposure to rising domestic and export demand, while Swastika Securities assigned a 'Subscribe' rating.
Prasol Chemicals shares listed 9.62 per cent lower at ₹611 on BSE and 9.76 per cent lower at ₹610 on NSE.
Gujarat Pipavav Port, Aegis Vopak Terminals and Tata Investment Corporation are showing bullish technical setups, backed by breakouts, improving momentum and strong participation.
The next important support is placed near 22,700, marked by an upward-sloping trend line.
Till Nifty 50 holds below 23,200 zones weakness could extend towards 23,050 then 22,950 levels while on the upside hurdles can be seen at 23,350 then 23,450 zones.
Solar Industries India slipped 14 per cent to ₹19,225 in Tuesday's intraday trade. The Defence index was down 5.48 per cent to 9,190.60.
Last week, Coforge's Chairman resigned with immediate effect amid concerns raised by an internal audit over the Board's Evaluation Exercise.
The IPO is proposed to list on September 24 and the issue's price band is set between ₹1,700-₹1,785 per share
uesday's gain marked the stock's biggest single-day surge in more than two months, with the last comparable jump recorded on July 6.