Indian stock markets today are expected to witness a weak opening as signalled by the SGX Nifty. US markets overnight ended largely in the red with cuts of between 1-2% on the indices. Back home, both Sensex and Nifty ended the session with mild gains on Tuesday.
The Sensex ended higher by 74 points at 60,130, while the Nifty ended at 17,769, up 25 points on Tuesday. “Technically, the bullish candles have shown optimism amongst the traders but the index needs to cross 17,850 levels on the higher side for acceleration in momentum. On the lower side, 17,600 and 17,550 will act as support zone for the index,” said Rohan Patil of SAMCO Securities.
FIIs (Foreign Institutional Investors) remained net sellers for the seventh straight session as they sold shares worth Rs 407 crore in the cash markets on Tuesday, provisional data available on exchanges showed. On the other hand, flows from DIIs remained positive as they bought shares worth Rs 563 crore, provisional data from exchanges showed.
Top stocks to watch today are Tata Consumer Products, Bajaj Auto, Dalmia Bharat, AU Small Finance Bank, besides others.