RBI’s 7-day VRR auction for Rs 1 lakh crore, Advance tax deadline in Top News on December 15: DOMS IPO to close, Share market, Bank Nifty outlook, Q2 Results

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RBI’s 7-day VRR auction for Rs 1 lakh crore

The Reserve Bank of India is set to conduct a seven-day variable rate repo auction for a notified amount of Rs 1 lakh crore today (December 15). The auction will take place between 10:30 am and 11 am with reversal of funds scheduled for December 22. This is being done “in view of likely outflows from the banking system on account of advance tax and GST payments”, as per the RBI

Advance tax deadline  today (Dec 15)

Today (December 15) marks the deadline for payment of the third instalment of advance tax. Those taxpayers who need to pay advance tax must make the payments by today or they will incur penalties and interest

DOMS IPO to close today (December 15)

DOMS Industries Limited IPO will close for subscription today (December 15). DOMS IPO comes at a price band of Rs 750 to Rs 790 per share. DOMS IPO GMP was at Rs 515 as of 6:30 pm on Dec 14. DOMS shares will list on the BSE and NSE with the tentative listing date of December 20

Q2 Results today

Metalyst Forgings Ltd (METALFORGE), Gandhar Oil Refinery (India) Ltd and Trimurthi Ltd are set to release their Q2 earnings for July-September 2023 today (December 15)

Share markets on  December 14

“After a big gap-up opening, the Nifty traded on the higher side for the whole day on its weekly expiry, reaching a new all-time high of 21,210.90… The market has traded positive with the Sensex gaining 1.34 percent and closed at 70,514.20 and Nifty was up by 1.23 percent intraday and closed at 21,182.70 levels whereas Bank Nifty closed positive, up by 1.36 percent and settled at 47,732.30,” said Deven Mehata, Research Analyst, Choice Broking

Share markets outlook for today (December 15)

"The Sensex and Nifty 50 have achieved record highs following a worldwide surge triggered by the US Federal Reserve's indication of the conclusion of its tightening cycle and the possibility of a rate cut in March 2024… Post Fed announcement, sentiments are positive, US bond yields have gone down a lot, boosting investors' confidence. The market index has moved past a period of consolidation, and there's a chance it could go up even more in the future, possibly reaching 21,400 or higher," said Shrey Jain, Founder and CEO, SAS Online

Nifty outlook today  (December 15):  Analyst view

"The index has broken out of consolidation, driven by an increase in long positions compared to short trades among participants. Sentiment remains robust as the index maintains a position comfortably above crucial moving averages. Support is situated at 21,000, where Put writers have significant position. Looking ahead, there's a potential for the index to advance towards 21,400 and beyond on the higher side,” said Rupak De, Senior Technical analyst at LKP Securities

Bank Nifty Technical View today (December 15)

"The Bank Nifty bulls maintained their momentum, successfully surpassing the key resistance level of 47,500 with significant trading volumes. The overall market sentiment remains bullish, and any temporary declines are considered buying opportunities, with a strong support level identified at 47,000. The ongoing momentum is expected to be driven by active participation from both private and PSU banks, propelling the Bank Nifty index towards the 50,000 mark,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities

Petrol, Diesel Price today (December 15)

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 in major cities

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