Top stocks to watch: The Indian stock market is expected to open higher on Monday, October 19, as indicated by GIFT Nifty. The index was trading around 23,174.5, up nearly 80 points or 0.35% from the previous close of Nifty futures, signalling a positive start for domestic benchmark indices.
On Friday, Indian equities ended higher for the second consecutive session, with the Sensex rising over 400 points and the Nifty 50 moving back above the 23,100 mark. Information technology stocks led the gains, climbing more than 3% amid sustained buying interest driven by corporate earnings.
The Sensex closed at 74,729.27, advancing 413.66 points or 0.56% from its previous close of 74,315.61. The Nifty 50 settled at 23,146.15, gaining 148.80 points or 0.65% from the previous close of 22,997.35.
Meanwhile, several stocks are likely to remain in focus during Monday's trading session as companies announce key corporate developments. Updates concerning order wins, business performance, expansion plans and other company-specific developments could influence individual stock movements.
Hindustan Zinc, IREDA, Bajaj Finance, HDFC Bank, ICICI Bank, Axis Bank, Vedanta are among the shares that will remain in focus on Monday.