Pre-Opening Cues for Indian Stock Market: Investors and stock brokers will keep an eye on many things in the Indian stock market today because there has been many movements on 15th October. By knowing about these, you can plan how to make a strategy for today in the stock market.
Country’s largest IPO Hyundai Motor India’s OFS will open today
The price band of Hyundai Motor India’s IPO has been fixed at Rs 1865 to Rs 1960 per share. GMP of Hyundai Motor India IPO was seen at Rs 75 till yesterday. This public issue of the company is completely offer for sale.
Reliance Industries’ revenue reached Rs 2.35 lakh crore
Reliance Industries, the company of the country’s richest man Mukesh Ambani, has presented its second quarter results on Monday. In this the company’s revenue was Rs 2.35 lakh crore. Whereas the net profit of the company in this quarter has been Rs 16,563 crore, which is 5 percent less than the same quarter last year.
Positive signals for India from American stock market
In the American market, S&P and Dow Jones have closed at new peaks and Nasdaq, the main index of IT shares, has also closed significantly higher. On the basis of this, good performance of IT stocks can be seen in India today. If technology shares have run up in the US, then a big rise in Indian IT shares is also possible.
Strong decline in crude oil especially Brent crude
Due to reduction in demand estimates by OPEC (Organization of the Petroleum Exporting Countries), there is a decline in crude oil and Brent crude has fallen by 3 percent to around $ 75. This is good news for India because after this the import cost is expected to remain under control.
FII continuous selling for 11 trading sessions
There is a continuous decline in the domestic stock market from the foreign investors and FIIs have sold Rs 73,000 crore in 11 trading sessions. These figures will have to be kept an eye on today.
Some hope from gold business in limited range
Trading is being seen in a limited range in gold and on COMEX gold is trading near $2665.
Stock market expected to rise due to good results of HCL TECH
IT giant HCL has presented good quarters for the second quarter and has estimated a growth of 3-3.5 percent in revenue guidance. On the basis of this good forecast, a rise in the shares of HCL Tel can be seen today.
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