Stocks in Focus: GIFT Nifty traded down 24.5 points, or 0.12%, at 19,589 during Tuesday’s early trading session, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. The benchmark domestic indices ended September’s last trading session in positive territory. The NSE Nifty 50 surged 0.75% to settle at 19,638.30, while the BSE Sensex added 320.09 points to 65,828.41.

“Overall we expect the market to trade in a broader range as the higher oil price has rekindled the worry over inflation and might result in a prolonged high interest rate environment. Auto stocks will remain in focus as companies will announce monthly sales numbers. Interest rate sensitive sector would also be in focus, as the RBI policy meeting is scheduled next week. Investors will also take cues from macro data to be released globally,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.

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