- Indian stock markets are likely to open at negative levels
- Reliance-backed Jio Platforms' IPO all set to debut in the stock market
- An important day for the IPO market
India Share Market Update: Experts have predicted that the Indian stock market may open at a negative level today on October 28 as well. Gift Nifty has signaled a slow start. Nifty futures were trading at 22,749, down nearly 62.50 points or 0.27% from their previous close, signaling a negative opening for the Indian stock market indices. In fact, today is going to be an important day for the IPO market. Because the IPO of Reliance-backed Jio Platforms is about to debut in the stock market.
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Investors' attention on these shares
Investors in focus today include Jio Platforms, Reliance Industries, Hindustan Unilever, Adani Ports and Special Economic Zone, Adani Enterprises, TVS Motor Company, Hyundai Motor India, Hero MotoCorp, Meesho, Vedanta, Larsen & Toubro (L&T), Maruti Suzuki India, Infosys, Tata Capital, Bajaj Auto, Vari Energies, Vedanta Iron & Steel Limited. (VISL), will be on these shares. (Photo courtesy: istock)
Experts recommend buying these shares
Explaining the market outlook, Jai Thakkar, Vice President and Head of Derivatives and Quant Research, ICICI Securities, has recommended some stocks for investors to buy in the near term. These include Central Depository Services Limited ( CDSL ) futures, Zydus Lifesciences futures and Sun Pharmaceutical Industries futures. Also some other market experts advised investors to buy shares of Birla Cable Ltd., Union Bank of India Ltd., Quality Walls (India) Ltd., Gandhar Oil Refinery India Ltd., National Stock Exchange of India Ltd. (NSE).
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The much awaited Jio Platforms IPO
Reliance's much awaited Jio Platforms IPO will make its stock market debut today on October 28. This is one of the biggest public issues of the year and is currently being widely discussed. Shares of Jio Platforms will be listed on NSE and BSE on Wednesday, October 28 at 10:00 am.