Top stocks to watch: The Indian stock market is expected to open higher on Wednesday, October 21, as indicated by GIFT Nifty, which was trading near 23,031, up around 96 points or 0.41% from the previous close of Nifty futures. The positive signal points to a potentially firm opening for the domestic benchmark indices, Sensex and Nifty 50.
Indian equity benchmarks ended Monday’s session with sharp losses, snapping a two-session winning streak amid weak global cues and selling pressure in private sector banking stocks, including HDFC Bank and Axis Bank. The Sensex dropped 876.37 points, while the Nifty 50 closed below the 22,900 mark at 22,888.95.
The 30-share BSE Sensex declined 876.37 points, or 1.17%, to settle at 73,852.90. During the session, it plunged as much as 1,020.73 points, or 1.36%, to an intraday low of 73,708.54. Meanwhile, the NSE Nifty 50 shed 257.20 points, or 1.11%, to close at 22,888.95, with selling pressure extending across the broader market.
Several stocks are also expected to remain in focus during Wednesday’s trading session as companies announce key corporate developments. Updates related to order wins, business performance, expansion plans and other company-specific announcements could influence individual stock movement
Eternal, Adani Green, Reliance Industries, IREDA, Bajaj Finance, Hindustan Zinc, Waaree Renewable Technologies are among the shares that will remain in focus on Wednesday.