DSIJ Mindshare

Good IPO offering days are back. Leading cable and electric goods manufacturer Polycab India's Initial public offering (IPO) opens on Friday, April 5, 2019. The IPO consists offer for sale of up to 1,75,82,000 equity shares and a fresh issue to raise Rs. 400 crore.

Overall volumes in futures & options currently stand at 1.43 crore contracts with a turnover of Rs. 9,80,410.34 crore.

Overall volumes in futures & options currently stand at 1.43 crore contracts with a turnover of Rs. 9,80,410.34 crore.

The level of 11,620 is a crucial support level for the index and if the index fails to hold this support, expect corrective action to continue and the index may test level of 11,570, followed 11,500. In today’s session the outcome of RBI monetary policy will provide further direction to the markets. Stock in news: Reliance Industries, Gujarat Gas, Godrej Properties, Godrej Agrovet, Coffee Day Enterprises, Mahindra and Mahindra, SRF, Shriram Transport Finance, CEAT.

Indian markets are expected to open the session with modest gains as, at the time of writing, SGX Nifty was quoting around 11,742, up by 29 points. Market participants would keenly watch the outcome of the RBI monetary policy which is due today. We would advise our readers to await the credit policy announcement before attempting any serious trades.