The Indian indices opened on a negative note in the early morning session on Wednesday, October 4. At 9:17 am IST, Sensex was down 427.68 points or 0.65 percent at 65,084.42, and the Nifty was down 123.50 points or 0.63 percent at 19,405.30.

Also read: Vedanta Planning To Sell Steel Assets By March Next Year, Says Chairman Anil Agarwal

Maruti Suzuki, Bajaj Finserv, Tata Steel, HDFC Bank and Grasim Industries were among major losers on the Nifty, while gainers included Nestle India, Adani Enterprises, HUL, BPCL and Adani Ports.

The Indian indices ended in red in Tuesday’s volatile session amid  negative global cues and renewed concerns over inflation. At close, the Sensex was down 316.31 points or 0.48% at 65,512.10, and the Nifty was down 109.50 points or 0.56% at 19,528.80.

ONGC, Eicher Motors, Hindalco Industries, Maruti Suzuki and Dr Reddy's Laboratories are among the top losers on the Nifty, while gainers included Titan Company, Bajaj Finance, L&T, Bajaj Finserv and SBI.

Among sectors, FMCG, auto, power, metal, and oil & gas down 0.5-1%, while PSU Bank index up 2.3% and capital goods index up 1%. 

On the other hand, Indian Rupee opened flat at 83.22 per dollar against previous close of 83.20.

Top stocks to watch out today —

Vedanta

The company reported a rise by 2% in total aluminum production for the second quarter (Q2), meanwhile, Power sales rose by 12% year-on-year (YoY).

Bajaj Finance

Bajaj Finance to remain in focus today as it reported best AUM growth in Q2 as compared to last 15 quarters, deposits rose by 39% YoY.

Nestle

The company is conducting a board meeting on October 19 to consider quarterly results and stock split.

IDFC First Bank

The company is launching a QIP to raise up to Rs 3,000 crore.

Also read: World Bank Retains India’s Growth Estimate For FY24, Raises Inflation Forecast Due To Higher Oil Prices

RVNL

RVNL was reportedly the lowest bidder for Himachal Pradesh State Electricity Board’s Project worth Rs 444.26 crore.