Sensex, Nifty set for weak start as GIFT Nifty signals a negative opening

Investors in the Indian stock market will need to tread carefully today, as the market is expected to open in negative territory. GIFT Nifty has signalled a sluggish start, meaning the market could begin on a weak note.

Nifty futures were trading at 22,535, down about 72.50 points, or 0.32 per cent, from their previous close. This is being read as an indication of a negative start for the Indian market indices.

Investors may keep an eye on several stocks today. These include Paytm, Mankind Pharma, Tata Consumer, ITC Hotels, Ather Energy, Nazara Technologies, REC, Infosys, Kotak Mahindra, Yes Bank, BPCL, Coforge, Torrent Pharma, Dr Reddy's Laboratories, SBI Funds Management, Netweb Technologies and Bank of India.

Companies such as Infosys, Kotak Mahindra Bank, Reliance Industries Limited, Ather Energy, Tata Consumer Products, ITC Hotels, Dalmia Bharat, Bank of Maharashtra and APL Apollo Tubes will also be in focus today.

According to Ganesh Dongre, AVP, equity research, at Anand Rathi, investors can consider buying three stocks today: Eternal, Bank of Baroda and Apollo Hospitals Enterprise.

Sumeet Bagadia, executive director at Choice Broking, has recommended three stocks priced below Rs 100 for investors to buy today. These are Niva Bupa Health Insurance Company, GMR Airports and Restaurant Brands Asia.

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