Top stocks to watch today: The Indian stock market is expected to open higher on Friday, October 9, as GIFT Nifty indicated a positive start for domestic benchmark indices.
GIFT Nifty was trading near the 22,370 mark, gaining around 115 points from the previous close of Nifty futures, signalling a likely positive opening for the Indian equity market.
Domestic benchmarks witnessed intense selling pressure on Thursday, with the Sensex tumbling over 1,000 points and the Nifty hitting its lowest closing level in 21 months. Extending losses for a second consecutive session, the 30-share BSE Sensex fell 1,045.46 points, or 1.44%, to close at 71,593.24, its lowest level in more than two-and-a-half years. The NSE Nifty 50 dropped 371.25 points, or 1.64%, to settle at 22,231.80.
Investors are likely to keep several stocks on their radar on Friday, 9 October, following a series of corporate announcements. Order wins, business updates, expansion plans and other company-specific developments could influence the performance of individual stocks during the trading session.
IT stocks like Infosys, TCS, Wipro, ITC, Power Grid, Tata Power, Arisinfra Solutions are among the shares that will remain in focus on Friday.