Sensex, Nifty may open lower on Nov 4 after four-session rally; Gift Nifty signals weak start

The rally that has run for the last four sessions in the Indian stock market may pause today. The market is expected to open in negative territory on November 4. Gift Nifty has also signalled a weak start today. Asian markets, meanwhile, saw mixed trading on Wednesday.

On Tuesday, the benchmark indices Sensex and Nifty extended their gains for a fourth straight session and ended the day with a rise of nearly 2 per cent. The BSE Sensex gained 1,225.07 points, or 1.62 per cent, to settle at the day's high of 76,917.85.

The NSE's 50-share Nifty was not far behind. It closed up 370.05 points, or 1.58 per cent, at the day's high of 23,810.85. The market's momentum thus stayed strong in the fourth session as well.

Not everything was in the green, however. Profit booking put pressure on public sector bank shares, and the sector fell more than 1 per cent.

Investors may keep an eye on these stocks during trade today: BSE, FSN E-Commerce Ventures (Nykaa), Lenskart Solutions, Power Finance Corporation, Cummins India, Zydus Lifesciences, Apollo Hospitals Enterprise, NSE, SBI, Happiest Minds Technologies, Indian Energy Exchange (IEX), MCX, Bata India, V-Mart Retail, Office Space Solutions and Chambal Fertilisers and Chemicals.

Ahead of Diwali, experts have advised investors to watch Park Medi World Limited, HDFC Bank Limited, One97 Communications Limited (Paytm), Meesho Limited, LG Electronics India Limited and Ather Energy Limited.

The stocks that experts have picked for buying during Diwali also include Aster DM, Bharat Electronics, Bharti Airtel, Blue Star, Carborundum Universal, CCL Products, HDFC AMC, Indegene Limited, Pricol Limited, State Bank of India, TBO Tek Limited, Vedanta Aluminium Metal Limited, VA Tech Wabag and Infosys.

The information here is based on the assessments of private analysts and experts. It would be advisable to consult certified experts before making any investment decision.