Top stocks to watch today: The Indian stock market is expected to open higher on Thursday, October 29, as GIFT Nifty indicated a positive start for domestic equities. GIFT Nifty was trading near 22,766, up around 33 points or 0.15% from the previous close of Nifty futures, signalling a potentially firm opening for the benchmark indices.
The Sensex and Nifty ended Wednesday's session in negative territory, with the Sensex shedding 352 points and the Nifty closing below the 22,700 mark. The 30-share BSE Sensex opened lower and plunged 995 points to touch an intraday low of 72,603.57 during morning trade. Meanwhile, the 50-share NSE Nifty declined 50.90 points, or 0.22%, to settle at 22,698.85.
Several stocks are also expected to remain in focus on Thursday as companies announce corporate updates. Developments related to order wins, business performance, expansion plans and other company-specific announcements could influence movements in individual stocks.
Jio Platforms, Coal India, IndiGo, Trent, Meesho, Hero Motocorp among shares in focus on Thursday.
Jio Platforms shares will remain in focus a day after their stock market debut, as investors assess the stock’s performance following a listing premium of more than 21%.