Nifty, Sensex likely to see choppy start, IT stocks in focus; key levels to track on October 10

Benchmark equity indices Nifty 50 and Sensex will likely see another choppy start to last trading day of the week on Friday, October 10 amid jittery global cues. At 7.40 a.m., the GIFT Nifty index was quoting 25,243.5, down 17 points or 0.07 percent.

In trade today, IT sector stocks will remain under focus after Tata Consultancy Services came out with its September quarter earnings, announcing major investments into futuristic technologies. "While TCS’s  quarterly results were largely in line with expectations, the real catalyst for sentiment was its announcement of a new entity dedicated to building world-class AI infrastructure," noted Ponmudi R, CEO of Enrich Money.

Overnight, Wall Street ended in negative territory on Thursday as investors, left with no economic data or any sentiment-swaying catalysts, took the opportunity to consolidate ahead of third-quarter earnings season. The Dow Jones Industrial Average fell 0.52 percent, the S&P 500 lost 0.28 percent and the Nasdaq Composite lost 0.08 percent.

Asian equities retreated at the open after a rally in US stocks stalled amid concern valuations may have become stretched following their relentless surge.