Before the market opens, know about the many factors that can have an influence on share prices and on the general trading climate in the stock markets.
The important and interesting developments around the world, happenings in the global markets, sentiments, and the overall news related to a stock or a company are some of the key indicators that you need to consider before investing in the stock market.
Also, the views of brokerages on select stocks and buy/hold/sell recommendations with target prices play a significant role in determining how the markets are going to perform.
Let’s know in detail the factors that could affect the stock markets today.
Lok Sabha Elections 2019 India:
India begins counting hundreds of millions of votes in its general election today, with a coalition led by Prime Minister Narendra Modi who is already preparing to form the next government.
The National Democratic Alliance (NDA), led by Bharatiya Janata Party (BJP), is expected to surpass the 272 seats needed to command a majority in the lower house of parliament, six of seven exit polls showed on Sunday.
The counting of votes will beign at 8 am in and trends are expected to be known by noon. Final results in the polls, in which around 900 million Indians were eligible to vote, are due by the evening.
* Asian markets opened lower and declined in the morning trade.
* US markets ended lower in trade.
* Dow ended with cuts of 100 points, S&P slipped 0.3%, Nasdaq down 0.5%.
* European markets closed lower.
* Oil markets remained tight amid supply cuts by OPEC and allies such as Russia.
Tata Steel/ Tata Motors: According to sources, Tata Sons is planning to borrow $2bn from the overseas market. This move will give liquidity support to struggling units such as Tata Steel & Tata Motors.
Jet Airways: Sources say that banks may hold 20% in Jet to make Etihad-Hinduja deal fly. Hinduja Group is not keen to exceed its shareholding beyond 30%
DHFL: Sources say that over 40 pensions, PF trusts have exposure of Rs3300 Cr to DHFL.
Fortis Healthcare: According to sources some minority shareholders of co. have appealed to Sebi over delay in IHH open offer
CIL: CIL embarked on Rs 10000 Cr equipment buying spree. The company plans to spend Rs 2000 Cr a year over next 5 years to acquire high capacity equipments.
HDFC Bank: The Board has approved Sub Division of equity shares of bank in ratio of 1:2
Adani Ports: The company will consider raising up to Rs 1,500 Cr via bonds.
Axis Bank: The bank has re-appointed Rajiv Anand as Executive Director for 3 years.