Stocks to Watch Today: The BSE Sensex and the NSE Nifty are likely to extend losses in the opening trades tracking the losses in global peers. As of 07:15 AM, the SGX Nifty futures quoted at 16,263, indicating an opening loss of 90-odd points.
Going ahead, the two successive rate hikes by the Reserve Bank of India (RBI), including the 50-basis-point (bp) increase announced on Wednesday, and the resulting reversal in the interest rate cycle could hit corporate profitability in the coming quarters. READ MORE
Meanwhile, these are the stocks that are likely to see some action in trades on Thursday.