GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded down by just 4.50 points or 0.02% at 22,435 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 ended down by 49.30 points or 0.22% to settle at 22,356.30, while the BSE Sensex dropped 195.16 points or 0.26% to 73,677.13.

“The domestic market experienced range bound movement post hitting new record high in the preceding day, influenced by cautious trend in global peers ahead of the Fed Chair’s congressional testimony and key U.S. jobs data. The absence of significant stimulus measures from China further dampened sentiment,” said Vinod Nair, Head of Research, Geojit Financial Services.

Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, …