Stock Market LIVE Updates: Nifty Near 26,050, Sensex Up 350 Points
The Indian stock market opened on a positive note today, with benchmark indices extending their winning streak amid strong global cues and buying in key heavyweights.
By mid-session, the BSE Sensex surged 350 points to trade around 85,450, while the NSE Nifty climbed close to 26,050, driven by robust gains in Adani Ports, NTPC, and Tata Steel.
Top Gainers and Sectors in Focus
Adani Ports led the rally with over 3% gains after reporting a rise in quarterly cargo volume.
NTPC and Tata Steel followed, reflecting strength in the power and metal sectors.
ICICI Bank and Infosys also contributed to the market’s upside momentum.
Sector-wise, Metal, Power, and PSU indices showed significant traction, while Pharma and FMCG traded flat.
Global Market Cues
Positive trends in global markets have provided a strong foundation for Indian equities. Asian peers like Nikkei and Hang Seng were up nearly 1%, while the US markets closed higher overnight on hopes of rate stability from the Federal Reserve.
Rupee and Crude Oil Update
The Indian Rupee remained stable against the dollar, while Brent crude hovered near $89 per barrel, maintaining a balanced outlook for import-heavy sectors.
Expert View – What Investors Should Know
Market experts believe the short-term sentiment remains bullish, supported by strong corporate earnings and foreign inflows.
“We expect Nifty to consolidate between 25,800 and 26,200 in the near term. Sectors like power, steel, and banking may outperform,” said a leading analyst at Vizzve Finance Research Desk.
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FAQs
1. Why did Nifty rise near 26,050 today?
Nifty gained due to buying in metal, power, and banking stocks supported by positive global cues and stable macroeconomic data.
2. Which stocks are top gainers today?
Adani Ports, NTPC, and Tata Steel are among the top gainers contributing significantly to today’s rally.
3. What is the outlook for the Indian stock market this week?
Experts expect continued consolidation with a bullish bias, focusing on large-cap stocks in the power, infrastructure, and banking sectors.
4. How can investors manage volatility in the current market?
SIP-based investing, sectoral diversification, and maintaining liquidity to handle short-term market swings.
5. How does global sentiment affect Indian markets?
Indian equities often mirror global risk appetite; positive cues from US and Asian markets generally support local indices like Sensex and Nifty.
Published on : 29th October
Published by : RAHAMATH
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