Before the trading day begins, learn about the number of factors that may influence share prices and the trading climate in stock markets.
Important developments across the globe, current situation of global markets, sentiments, and the overall news related to stocks or companies 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.
Here are some of the factors that may affect the stock market today.
Stocks in news that may influence the market:
M&M: Ford, M&M nearing deal to form new company in India. The deal, which likely within 90 days, will see Ford end its independent operations in India.
SBI: The State Bank of India has reduced MCLR by 5 Bps across all tenors with effect from April 10. It has also slashed interest rates by 10 Bps on loans up to Rs 30 lakh. It also revised saving bank rate for balances up to Rs 1 lakh at 3.50%, and for balance above Rs 1 lakh at 3.25%.
Vodafone Idea: Vodafone Idea rights issue opens today and to be close on April 24. Issue will be for Rs 2,000 crore fully paid up shares at Rs 12.5/share aggregating to Rs 25,000 crore.
Vodafone Idea/Bharti Airtel: Voda Idea, Airtel clear Rs 9,000 crore spectrum dues. Voda Idea paid Rs 6,277 crore for spectrum bought in auctions. Bharti Airtel paid about Rs 2,800 crore.
Lakshmi Vilas Bank: The Board of the bank is set to meet on April 12 to consider at1 bonds, fund raising.
UPL: The Election Commission has sealed the UPL office at Khar, Mumbai. The EC flying squad has seized electronic cards and other materials worth over Rs 6 crore.
Amara Raja Batteries: Income Tax department officials raid TDP candidate and Amara Raja Group MD Galla Jayadev’s offices in Andhra Pradesh. Jaidev contesting from guntur constituency for 2019 Lok Sabha elections.
CLSA on Infosys: Maintain buy; target at Rs 930/share
CLSA on Century Ply: Downgrade Century Ply from buy to sell; target at Rs 174/share
Jefferies on ICICI Pru: Maintain underperform; target at Rs 285/share
Credit Suisse on Maruti: Maintain neutral; target at Rs 6,100/share.
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