Hyundai Motor India’s upcoming IPO is set to intensify competition in the Indian auto industry, particularly impacting Maruti Suzuki. With a strong product lineup and premium positioning, Hyundai’s offering is expected to pressure rivals to innovate, potentially driving a sector-wide re-rating and attracting significant global investor interest.
Tech view: Nifty crucial support at 24,690, forms big red candle. How to trade tomorrow
If Nifty stays below 24,690, it may fall further to 24,500–24,400 levels. On the upside, immediate resistance is at 25,000, with the 21-day Exponential Moving