Sensex, Nifty set for weak open as GIFT Nifty signals dip; stocks to watch on October 14
GIFT Nifty points to a sluggish start for Indian markets, with Nifty futures about 85 points lower at 22,765.
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Indian equity markets are likely to open in negative territory today, October 14. GIFT Nifty has signalled a subdued start. Asian markets rose on Wednesday, while US stock futures fell on Tuesday.
Nifty futures were trading about 85 points below the previous close, at 22,765. This is being seen as a pointer to a negative start for the Indian market indices.
Investors trading in the Indian market today may keep an eye on the shares of BHEL, Canara Bank, Billionbrains Garage Ventures (Groww), Tata Technologies, ICICI Lombard General Insurance Company, Adani Enterprises, Bharat Electronics, Transformers and Rectifiers, Indian Railway Telecom Corporation, Oil India, Reliance Power, Zydus Lifesciences, Hyundai Motor and Polycab India.
For near-term trading, Jay Thakkar of ICICI Securities has advised investors to watch Mahindra and Mahindra (M&M) futures, Shree Cement futures and Cholamandalam Investment and Finance Company (Chola Finance) futures. Experts expect two stocks, Ramkrishna Forgings and TCPL Packaging, could also prove beneficial for investors.
For long-term investment, Uttam Kumar Shrimal, deputy head of fundamental research at Axis Direct, has picked the stocks of Kotak Mahindra Bank, Bharti Airtel, Eternal, LG Electronics India and APL Apollo Tubes.
Similarly, Vineet Bolinjkar, head of research at Ventura, has also picked LG Electronics India, Park Medi World, Sanmann Capital, Dr Agarwal's Health Care and Vipul Organics for long-term investment.
The information is based on the assessments of various analysts and experts. Investors are advised to consult certified experts about shares before taking any investment decision.
