Top stocks to watch: The Indian stock market is expected to open on a subdued note on Thursday, 15 October, with GIFT Nifty signalling a flat-to-negative start. GIFT Nifty was trading near the 22,601 mark, down around 10 points from the previous close of Nifty futures, indicating a cautious start for domestic benchmark indices.
On Wednesday, the Sensex and Nifty closed lower as investors booked profits after the sharp rally in the previous session. Market sentiment was also weighed down by a rise in wholesale price-based inflation and persistently elevated crude oil prices.
The 30-share BSE Sensex declined 251.89 points, or 0.34%, to settle at 72,781.89. During the session, the index touched a high of 73,195.26 and a low of 72,578.75. The NSE Nifty 50 also ended in the red, falling 99.25 points, or 0.44%, to close at 22,622.70.
Meanwhile, several stocks are likely to remain on investors’ radar on Thursday amid a series of corporate announcements. Company-specific developments, including order wins, business updates, expansion plans and other key announcements, could influence individual stock movements during the session.
Reliance Industries, IDBI Bank, Wipro, Nestle India, Tata Technologies, Jio Financial Services, HDB Financial Services are among the shares that will remain in focus on Thursday.