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New Delhi: Following overnight losses on US Wall Street, Indian stock markets opened on a weaker note today. The BSE Sensex was down 39.55 points, or 0.05 per cent, at 81,571 at the opening bell. The Nifty 50 also dropped by 39.05 points, or 0.16 per cent, to trade at 24,959.
Stock Market Today: Top Gainers
The top gainers on NSE Nifty 50 are BPCL, JSW Steel, Tata Steel, Nestle India, and IndusInd Bank.
The stop laggards on the Nifty 50 index are Tech Mahindra, Apollo Hospitals, HDFC Bank, and Power Grid.
Stock Market Yesterday
This comes after a positive close on Thursday, when the Sensex rose 140.75 points or 0.17 per cent to finish at 81,607.55, and the Nifty gained 16.50 points or 0.07 per cent to end at 24,998.45.
How Sectors Are Performing?
Among sectoral indices, banking stocks outperformed with the Bank Nifty and PSU Bank indices each gaining 1 per cent. Financial Services, Auto, and Metal stocks also finished in the green. However, IT, Pharma, FMCG, and Healthcare sectors were the biggest losers, with declines of up to 2.01 per cent.
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Asian Markets Performance
In Asia, markets showed mixed trends on Friday. Japan’s Nikkei 225 rose 0.7 per cent, while the broader Topix index gained 0.40 per cent. South Korea’s Kospi added 0.49 per cent, and the Kosdaq was up by 0.36 per cent. Hong Kong’s Hang Seng surged 2.98 per cent, while China’s Shanghai Composite fell 1.16 per cent and the CSI 300 dropped 2.22 per cent. Australia’s S&P/ASX 200 declined slightly by 0.15 per cent.
Global Markets
Meanwhile, global markets remained mostly flat as investors closely watched US inflation data and interest rate updates from the Federal Reserve. In September, US consumer prices rose slightly more than expected, mainly due to food price hikes, though the annual inflation increase was the smallest in more than three years.
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