GIFT Nifty points to a strong start for Indian markets on October 16
Nifty futures traded about 118 points higher at 23,106, signalling a positive opening, as Asian markets rose on Friday.
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The Indian stock market may open on a positive note today, October 16. GIFT Nifty has indicated a good start. Asian markets showed strength on Friday, while US stock futures were also in positive territory on Thursday.
Nifty futures were trading at 23,106, about 118 points or 0.51% above their previous close. This is being seen as a positive signal for Indian market indices.
Investors may keep an eye on several stocks in today's trade. These include Punjab National Bank, Urban Company, Bajaj Housing Finance, Federal Bank, LTM, Reliance Industries, Wipro, Yes Bank, Tech Mahindra, Persistent Systems, Jio Financial Services, Angel One, Mankind Pharma and L&T Finance.
Aditya Birla Capital, Rajesh Exports, ICICI Prudential Life Insurance, Prestige Estates, Bazaar Style and 360 ONE WAM may also be in focus today.
Hitesh Rathi, technical analyst (equity and derivatives) at Angel One, has picked Aarti Industries and Blue Star shares as buys for investors today.
Pradeep Haldar, founder and CEO of PHD Capital Pvt Ltd, has advised investors to buy Precol.
Shares in the banking, hospitality, exchange, FMCG and auto components sectors are on experts' radar today. In this context, attention will be on shares of Indian Hotels Company Ltd, BSE Ltd, Kotak Mahindra Bank Ltd, Quality Wallsl (India) Ltd and Precol Ltd.
On Thursday, 17 stocks touched a new 52-week low. They include HDB Financial Services, VEDL, Swiggy, JWL, MFSL, Cryzac, VAML, Ramco Cements, Greenpanel, TriveniPT, LaserPower, Skyways, Varmora, LCC Projects, INA, Ranvalent and RPower.
The information has been compiled from various analysts and experts. Investors are advised to consult a certified expert before taking any decision on shares.
