Top stocks to watch today: The Indian stock market is expected to open lower on Thursday, October 22, as indicated by GIFT Nifty. The index was trading around 22,682, down nearly 46.50 points, or 0.20%, from the previous close of Nifty futures, signalling a negative start for domestic benchmark indices.
On Wednesday, Indian equity benchmarks extended their losses for a second consecutive session, with the Sensex declining 143 points amid selling pressure in power, banking and financial stocks. Elevated crude oil prices also dampened investor sentiment.
The 30-share BSE Sensex fell 143.21 points, or 0.19%, to close at 73,709.69, while the NSE Nifty 50 dropped 77.60 points, or 0.34%, to settle at 22,811.35.
Several stocks are likely to remain in focus during Thursday’s trading session as companies announce key corporate developments. Updates on order wins, business performance, expansion plans and other company-specific developments could drive movements in individual stocks.
Swiggy, Adani Energy, Hindustan Petroleum Corporation, GMDC, Reliance Industries, Eternal, Indian Hotels are among the shares that will remain in focus on Thursday.