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

Stocks in Focus: GIFT Nifty traded higher as the index was up 22.50 points or 0.09% at 24,406 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 250.50 points or 1.04% higher to settle at 24,367.50, while the BSE Sensex rose 819.69 points or 1.04% to close at 79,705.91.

Stocks to watch on August 12, 2024

Reliance Industries 

Reliance Industries, India’s largest conglomerate, recently made news for a significant workforce reduction. A report by The Economic Times says that RIL let go of 42,000 employees in the fiscal year 2023-24, reducing its total workforce by 11% compared to the previous year. This big cut, especially in the company’s…