Indian stock market investors are likely to track several companies on Thursday, September 10, following key business developments, order wins, regulatory approvals, fundraising plans and other corporate announcements.
Dilip Buildcon, Enviro Infra Engineers, Shakti Pumps, AU Small Finance Bank and Wipro are among the stocks likely to remain in focus. Focus Lighting and Fixtures, IRB Infrastructure Developers, Coal India and Sun Pharma may also attract attention following key business updates announced after market hours.
The Indian stock market remained under pressure in Wednesday's trade, extending its losing streak for the third straight session. The Nifty shed another 0.86% to hit a three-month low of 23,431, while the Sensex ended 1.08% lower at 74,764.
Although the markets showed some momentum in early trade, they quickly gave up their gains as selling pressure accelerated and persisted through the close, giving the bulls little opportunity to stage a recovery.
Technical experts suggest that the 23,400 zone is likely to act as the immediate support area for the Nifty 50.