Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened higher in trade on Monday. While BSE Sensex crossed the 80,000 mark, Nifty50 moved above 24,400. At 10:37 AM, BSE Sensex was trading at 80,234.60, up 832 points or 1.05%. Nifty50 was at 24,411.20, up 230 points or 0.95%.
Indian stock markets have broken a five-day losing streak amidst persistent foreign selling and disappointing quarterly corporate results. ICICI Bank led the gains, surpassing profit expectations for the September quarter due to strong loan demand.
The Nifty 50 has fallen nearly 8% from its all-time high on September 27, weighed down by foreign outflows over the past 20 sessions, as investors shift funds to China due to Beijing’s stimulus measures and relatively lower valuations.
Analysts noted that weak earnings have also negatively impacted investor sentiment and contributed to the selling pressure, in addition to foreign selling.
ICICI Bank, SBI, NTPC, Infosys, Bajaj Finserv, and Tata Motors were the top gainers in the Sensex pack, rising by up to 2.7%. On the other hand, L&T, ITC, Tech Mahindra, Bharti Airtel, and JSW Steel opened lower.
IDFC First Bank’s shares dropped 10% after reporting a 73% year-on-year decline in profit, falling to Rs 201 crore for the quarter ended September 2024. DLF shares, however, jumped over 4% after the real estate developer reported higher second-quarter profit driven by sales of newly launched houses.
The Nifty PSU Bank index rose 2%, led by Bank of Baroda, SBI, and PNB. The Nifty Financial Services, IT, Media, and Metal indices also opened higher. The Nifty mid and small-cap indices opened flat in the broader markets.
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stated, “The trend of flight to quality is likely to sustain given the good numbers from banking majors like HDFC Bank and ICICI Bank where valuations continue to be fair. Investors can profit from these polarised valuations.”
Vijayakumar added, “The global market structure may turn favourable after the subdued Israeli strikes against Iran avoiding the Iranian oil fields which has resulted in a sharp drop in crude prices. The imminent US presidential elections and the uncertainty associated with that will continue to weigh on markets.”
Hardik Matalia, Derivative Analyst at Choice Broking, said, “After a positive opening, Nifty can find support at 24,150 followed by 24,050 and 23,900. On the higher side, 24,300 can be an immediate resistance, followed by 24,400 and 24,500.”
Asian shares rose Monday, as the yen dipped amid political uncertainty after Japan’s ruling party lost its majority in Parliament’s lower house in weekend elections. Japan’s Nikkei 225 surged 1.6%, South Korea’s Kospi edged up 0.6%, Hong Kong’s Hang Seng added 0.1%, and the Shanghai Composite rose 0.3%.
On October 25, foreign institutional investors (FIIs) sold equities worth Rs 3,036 crore, while domestic institutional investors bought equities worth Rs 4,159 crore.
Oil prices fell more than $3 a barrel on Monday after Israel’s retaliatory strike on Iran over the weekend avoided Tehran’s oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Brent was at $72.70 a barrel, down $3.35, or 4.4%, while WTI slipped $3.27, or 4.6%, to $68.51 a barrel.
The Indian rupee opened flat at 84.08 against the US dollar in early trade. The dollar index, which tracks the movement of the greenback against a basket of six major world currencies, rose 0.26% to 104.53 level.

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was near 82,200, Nifty50 was above 25,150. At 9:16 AM, BSE Sensex was trading at 82,198.68, up 226 points or 0.28%. Nifty50 was at 25,196.05, up 68 points or 0.27%.
The Indian stock market experienced a positive trading session on Monday, closing near the day’s high.Today, the market will witness the launch of the Hyundai IPO, which is the largest-ever in India, with an issue size of Rs 27,870 crore.
Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal, commented, “Markets have gradually picked up with Nifty sustaining above the 25k mark. We expect this up-move to continue in the market with stock-specific action.”
Nagaraj Shetti of HDFC Securities noted that a sustainable move above the 25,200 level could be considered an upside breakout, potentially pushing Nifty towards the 25,500-25,600 range in the near term, with immediate support at 24,900 levels.
Wall Street ended higher on Monday, with the S&P 500 and Dow posting fresh record finishes as investors bought into technology stocks ahead of a busy week of corporate earnings and crucial economic data. The Dow gained 0.47%, the S&P 500 was up 0.77%, and the Nasdaq jumped 0.87%.
Asian shares climbed following Wall Street’s strong performance, with stocks hitting fresh record highs. Oil prices dropped as concerns eased about Israel attacking Iranian energy facilities.
S&P 500 futures were little changed as of 9:40 a.m. Tokyo time, while Japan’s Topix rose 0.9%, Australia’s S&P/ASX 200 rose 0.8%, and Euro Stoxx 50 futures rose 0.3%.
Oil prices slid $2 in early Asian trade on Tuesday as OPEC lowered its outlook for global oil demand growth in 2024 and 2025, and a media report suggested that Israel is willing to strike Iranian military targets, but not nuclear or oil facilities.
Eleven stocks are in the F&O ban period today, including Chambal Fertilisers, SAIL, Hindustan Copper, RBL Bank, Granules, Manappuram, PNB, GNFC, IDFC First Bank, Tata Chemicals, IEX, and Nalco. These securities have crossed 95% of the market-wide position limit.
Foreign portfolio investors turned net sellers at Rs 3,731 crore on Monday, while DIIs bought shares worth Rs 2,278 crore.
The net short position of FIIs reduced slightly from Rs 1.502 lakh crore on Friday to Rs 1.501 lakh crore on Monday.

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Friday. While BSE Sensex was around the 81,500 level, Nifty50 was above 24,950. At 9:16 AM, BSE Sensex was trading at 81,518.82, down 93 points or 0.11%. Nifty50 was at 24,964.65, down 34 points or 0.14%.
“Overall we expect the market to consolidate in a range with stock-specific action.The IT sector is likely to be in focus as it will set the pace for other companies,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
Technical analysis indicates that the Nifty has support at 24,950-25,000 and 24,750 levels, while immediate resistance is seen at 25,100, with the next resistance zone at 25,250-275 levels.
Wall Street’s main indexes closed lower on Thursday as investors assessed higher-than-expected inflation and unemployment claims data for insights into the U.S. economy and the future path of interest rates. Asian shares, however, rose on Friday, sidestepping the losses on Wall Street.
Oil prices eased on Friday after a rally the previous day, but they remained set for a second straight weekly gain. Investors weighed the impact of hurricane damage on U.S. demand against potential supply disruptions if Israel attacks Iranian oil sites.
The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labor market strengthened the case for quicker Federal Reserve rate cuts.
Eleven stocks are currently in the F&O ban period, including BirlaSoft, Bandhan Bank, Hindustan Copper, RBL Bank, Granules, Manappuram, PNB, GNFC, IDFC First Bank, SAIL, and Tata Chemicals.
FIIs turned net sellers on Thursday, offloading shares worth Rs 4,926 crore, while domestic institutional investors (DIIs) bought shares worth Rs 3,878 crore.
The net short position of FIIs increased from Rs 1.28 lakh crore on Wednesday to Rs 1.55 lakh crore on Thursday.

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. Both BSE Sensex and Nifty50 were just short of their lifetime high. At 9:16 AM, BSE Sensex was trading at 85,202.10, up 32 points or 0.038%. Nifty50 was at 26,013.40, up 9 points or 0.036%.
“Markets made a new all-time high for the sixth consecutive session supported by positive global cues and strong domestic flows on Wednesday.We expect the Nifty to continue its upwards journey, amid monthly derivative expiry on Thursday which may induce some volatility,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
The near-term uptrend of the Nifty remains intact, with the possibility of range-bound action or a minor dip in the next 1-2 sessions. The immediate resistance level is around 26,250, while support is at 25,800, according to Nagaraj Shetti of HDFC Securities.
Global markets are mostly positive, with S&P 500 futures, Hang Seng futures, Japan’s Topix, and Australia’s S&P/ASX 200 all trading higher. However, Euro Stoxx 50 futures are slightly down. The forex market is relatively stable, with the euro, Japanese yen, offshore yuan, and Australian dollar showing little change against the US dollar.
Oil prices remain stable on Thursday, supported by increased fuel demand and decreasing stockpiles in the United States, despite concerns about demand in other regions, particularly China. Brent crude futures and U.S. West Texas Intermediate crude are trading with minor gains.
In the Indian market, five stocks are in the F&O ban period today: ABFRL, Granules, Hindustan Copper, Vodafone Idea, and IEX. Foreign portfolio investors (FPIs) turned net sellers at Rs 974 crore on Wednesday, while domestic institutional investors (DIIs) bought shares worth Rs 1,779 crore. The
The net long position of FIIs increased from Rs 3.38 lakh crore on Tuesday to Rs 3.52 lakh crore on Wednesday.