DSIJ Mindshare

Today, the Indian markets are likely to open on a positive note tracking encouraging macroeconomic numbers released yesterday post market hours but may remain subdued on the back of mixed global cues. 

Hero Motocorp surged 3 per cent from its previous close and witnessed a trendline breakout at 3685 levels. Going forward, the stock may see a positive rally which would be confirmed once the stock breaks its major resistance at 3750-3753 levels on a closing basis.

India's aircraft maker Hindustan Aeronautics Limited (HAL) will list on the equity market through its Initial Public Offer (IPO) of Rs. 4,200 crore.

The off-road Roxor which marked M&M’s entry in the US automotive markets is priced at US$ 15,000. Notably, the company has received 3,000 advanced bookings for the Roxor and has signed up 230 dealers.

ITC, which holds 80 per cent market share in cigarettes buoyed after GST Council kept the cess on cigarettes unchanged. ITC has broken out of the trendline level on Monday with volume spurt and 14-period RSI positive crossover.