From mint · Vaamanaa Sethi · · 1m 20s
Top Stocks to Watch Today
IT stocks like Infosys, TCS, Wipro, ITC, Power Grid lead Friday's market focus.
In brief
IT stocks like Infosys, TCS, Wipro, ITC, Power Grid lead Friday's market focus. Investors target IT stocks after corporate announcements and market volatility. Originally reported by mint.
Friday Market Focus
Investors are likely to keep several stocks on their radar on Friday, 9 October, following a series of corporate announcements.
Market Conditions
Domestic benchmarks witnessed intense selling pressure on Thursday, with the Sensex tumbling over 1,000 points and the Nifty hitting its lowest closing level in 21 months.
Sensex Performance
The 30-share BSE Sensex fell 1,045.46 points, or 1.44%, to close at 71,593.24, its lowest level in more than two-and-a-half years.
Nifty Performance
The NSE Nifty 50 dropped 371.25 points, or 1.64%, to settle at 22,231.80.
IT Stocks in Focus
IT stocks like Infosys, TCS, Wipro, ITC, Power Grid, Tata Power, Arisinfra Solutions are among the shares that will remain in focus on Friday.
Infosys Update
Tata Consultancy Services (TCS) reported a 15% year-on-year increase in consolidated net profit to ₹ 13,884 crore for the second quarter on Thursday.
Power Grid Project
Power Grid Corporation of India said its 2,500 MW solar energy transmission project in Bidar, Karnataka, was fully commissioned on October 5.
What matters most
Investors target IT stocks after corporate announcements and market volatility.
