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Sensex, Nifty open red; Infosys, Kotak Mahindra Bank among stocks to watch
Sensex and Nifty opened red on Monday as elevated crude oil prices and their inflationary impact weigh on sentiment, while investors
Sensex and Nifty opened red on Monday as elevated crude oil prices and their inflationary impact weigh on sentiment, while investors awaited the US Federal Reserve's policy decision later this week.GIFT Nifty futures stood at 22,608 at 7:46 am, signalling a muted start for the benchmark Nifty 50, which closed at 22,600 on Friday, according to figures cited in a Reuters report.The Nifty 50 and BSE Sensex fell 2.4% and 2.2%, respectively, last week, declining in all four trading sessions as oil prices surged and
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Sensex, Nifty open red; Infosys, Kotak Mahindra Bank among stocks to watch
As on 9:11 am on Monday, brent crude futures traded around $114.02 a barrel, easing from a near six-month high of $117 reached last week. Sensex and Nifty opened red on Monday as elevated crude oil prices and their inflationary impact weigh on sentiment, while investors awaited the US Federal Reserve's policy decision later this week.GIFT Nifty futures stood at 22,608 at 7:46 am, signalling a muted start for the benchmark Nifty 50, which closed at 22,600 on Friday, according to figures cited in a Reuters report.The Nifty 50 and BSE Sensex fell 2.4% and 2.2%, respectively, last week, declining in all four trading sessions as oil prices surged and tensions in the Middle East escalated.Brent crude priceAs on 9:11 am on Monday, brent crude futures traded around $114.02 a barrel, easing from a near six-month high of $117 reached after the Indian market closed on Friday. However, continued attacks on Saudi Arabia kept supply concerns in focus. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3%.Nearly all economists polled by Reuters expect the Fed to hold interest rates steady this week and raise them in December, as policymakers signal patience despite inflationary pressures that warrant a tougher response.Higher US interest rates tend to make emerging market equities such as India less attractive to foreign investors, as the dollar and US Treasuries become more.
Top stocks to watch today: Paytm, Mankind Pharma, Infosys, BPCL shares in focus on Monday, 26 Oct
Top stocks to watch today: Paytm, Mankind Pharma, Tata Consumer, ITC Hotels, Infosys, BPCL, Kotak Mahindra Bank, Coforge among shares in focus on Monday. Top stocks to watch today: The Indian stock market is expected to open lower on Monday, October 26, as indicated by GIFT Nifty futures. GIFT Nifty was trading around 22,535, down nearly 72.50 points, or 0.32%, from the previous close of Nifty futures, signalling a weak start for domestic benchmark indices. The domestic market extended its losing streak on Friday, with the Sensex and Nifty 50 closing in the red amid broad-based selling, elevated crude oil prices and weak global cues. The Nifty 50 ended at 22,600, down 87.65 points, or 0.39%, while the BSE Sensex settled at 73,123.83, declining 125.56 points, or 0.17%.Several stocks are likely to remain in focus during Monday’s trading session as companies announce key corporate developments. Updates on order wins, business performance, expansion plans and other company-specific announcements could influence individual stock movements.Paytm, Mankind Pharma, Tata Consumer, ITC Hotels, Infosys, BPCL, Kotak Mahindra Bank, Coforge among shares in focus on Monday.Stocks to watch on Monday, 26 OctoberPaytm, Mankind Pharma, Tata Consumer, ITC Hotels, Ather Energy, Nazara Technologies, RECShares of Paytm, Mankind Pharma, Tata Consumer, ITC Hotels, Ather Energy, Nazara Technologies, REC .