Indian Stock Market: Lenskart IPO Soars, Demergers Afoot, Nifty 50 Volatility Ahead
Today marks significant events in the Indian stock market. Lenskart Solutions' IPO is off to a strong start, while Dalmia Bharat Sugar and Modern Insulators undergo a demerger. Meanwhile, experts anticipate a 'ping-pong effect' for Nifty 50 tomorrow.
Lenskart Solutions' IPO kicked off today, with Day 1 subscription details and a grey market premium indicating positive investor sentiment. In another major development, Dalmia Bharat Sugar and Modern Insulators are in the process of a demerger, with share price and allotment ratio details made public.
Eleven stocks are going ex-dividend today, with details on dividend, rights issue, bonus, and stock split. Looking ahead, experts predict a 'ping-pong effect' for Nifty 50's movement tomorrow, suggesting a volatile trading day.
China has granted licenses to some Indian companies for importing rare earth magnets, potentially boosting bilateral trade. Meanwhile, ITC's stock is set to delist from one of India's oldest stock exchanges, with reasons cited for the move.
Nifty 50 top gainers and losers for tomorrow are predicted, while support and resistance levels are forecasted for the next day. A candlestick chart for Nifty 50 is provided, offering insights into the previous day's trading (Oct 30).
Orkla India's IPO continues, with Day 3 subscription details and a grey market premium indicating investor interest.
Today's developments in the Indian stock market, including Lenskart Solutions' IPO and the demerger of Dalmia Bharat Sugar and Modern Insulators, set the stage for tomorrow's anticipated 'ping-pong effect' on Nifty 50. As investors await key US inflation data, they can use today's insights, such as support and resistance levels and top gainers and losers predictions, to make informed decisions.
