Top stocks to watch: The Indian stock market is expected to open lower on Thursday, 8 October, with GIFT Nifty pointing to a weak start. GIFT Nifty was trading around 22,557, down nearly 35 points from the previous close of Nifty futures, signalling a negative opening for the domestic benchmark indices.
On Wednesday, Indian equities ended in the red, snapping a two-session winning run after the Reserve Bank of India raised its key policy rate for the first time in nearly four years. The 30-share BSE Sensex fell 429.11 points, or 0.59%, to settle at 72,638.70, with 26 stocks declining and four advancing.
Meanwhile, investors are likely to track several stocks on Thursday, 8 October, following a host of corporate announcements. Key developments include new order wins, business updates, expansion plans and other company-specific announcements that could influence individual stocks during the session.
Tata Consultancy Services, Reliance Industries, Ola Electric, Tata Steel, PC Jeweller, Sun Pharma, Varun Beverages are among the shares that will remain in focus on Thursday.
Tata Group’s IT services arm, Tata Consultancy Services (TCS), is scheduled to announce its September-quarter results on October 8.