5 things you must know as stock market opens today
Last week remained volatile for the Indian stock market. Investors have seen steep low and rise in their investments as external factors and internal economic patterns seemed to influence the market.
After three days hiatus, the stock market is all set to open today. Last week remained volatile for the Indian stock market. Investors have seen steep low and rise in their investments as external factors and internal economic patterns seemed to influence the market.
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Here are the top 5 things to look at before the stock market opens in India on October 3, 2023:
- Global cues: Global markets have been volatile in recent months due to a number of factors, including rising inflation, interest rates, and the ongoing war in Ukraine. Investors will be looking at how global markets perform overnight for cues on how the Indian market will open.
- FII activity: Foreign institutional investors (FIIs) have been net sellers in the Indian market in recent months. Investors will be watching FII activity on October 3 to see if there is any change in sentiment.
- Domestic economic data: A number of key economic data points are scheduled to be released on October 3, including the manufacturing PMI and the auto sales numbers for September. Investors will be looking at this data for clues on the state of the Indian economy.
- Technical factors: The Nifty 50 index is facing resistance at the 19,750 level. If the index is able to break above this level, it could lead to further gains. On the other hand, if the index fails to break above this level, it could lead to a correction.
- Corporate news: Investors will also be watching out for any corporate news that could impact individual stocks or the market as a whole.
Overall, investors should be cautious before investing in the Indian market on October 3, given the volatile global markets and the upcoming economic data releases. However, any positive news from the global markets or the domestic economy could boost sentiment.
Here are some additional tips for investors:
- Do your own research before investing in any stock.
- Consider your investment goals and risk tolerance before investing.
- Diversify your portfolio across different sectors and stocks.
- Invest for the long term.