Sensex, Nifty may open lower; Reliance, Jio Platforms among stocks in focus

The Indian stock market may open in the red, in negative territory, today, it is estimated. GIFT Nifty on October 30 also indicated a slow start for the market.

Asian markets traded mixed on Friday. Nifty futures were trading at 23,038, down about 15 points or 0.07% from their previous close. This points to a flat start for the Indian market indices.

Investors may keep an eye on several stocks today. These include Reliance Industries, Jio Platforms, Sun Pharmaceutical Industries, Bharat Electronics, Indian Oil Corporation, Varun Beverages, GAIL, Trent, Suzlon Energy, IndiGo, Vedanta Power, Rail Vikas Nigam (RVNL), Vedanta Oil and Gas, and Sagility India.

Chandan Taparia, head of derivatives and technicals in the wealth management division of Motilal Oswal Financial Services, has recommended that investors buy three stocks. His picks are Kotak Mahindra Bank, FSN E-Commerce Ventures (Nykaa) and Eternal.

According to experts' advice, investors can also watch the shares of Dalmia Bharat Sugar and Industries Ltd, Waaree Energies, FSN E-Commerce Ventures Ltd (Nykaa), DLF Ltd and Kotak Mahindra Bank Ltd today.

Meanwhile, on Lakshmi Puja, Sunday, November 8, the BSE and NSE will hold a special one-hour Muhurat trading session. The regular market hours are generally 9:15 am to 3:30 pm, but on that day continuous trading in the equity segment will instead run from 2:20 pm to 3:30 pm.

This information is based on the views of various analysts and experts. Investors are advised to consult certified experts before taking any decision on shares.