Stock Market LIVE Updates: Sensex, Nifty Trade Flat Amid Volatility
The Indian stock market started Thursday’s session on a cautious note, with both Sensex and Nifty trading flat amid heightened volatility. Investors appeared to be booking profits after recent rallies, while global market cues remained mixed due to uncertainty around U.S. interest rates and crude oil trends.
At mid-session, the BSE Sensex hovered around 79,950, marginally lower by 0.05%, while the NSE Nifty stood near 24,250, fluctuating between minor gains and losses.
Top Losers in Today’s Trade
Leading the pack of laggards were Grasim Industries, Hindalco Industries, and Adani Enterprises, each shedding more than 1.5% in early trading.
Grasim Industries slipped after investors reacted cautiously to its latest quarterly earnings.
Hindalco Industries saw selling pressure due to weakness in global aluminium prices.
Adani Enterprises declined amid profit-booking following its recent rally.
Sectoral Overview
Most sectoral indices traded mixed:
Nifty Metal was down nearly 1.2%, led by losses in Hindalco and Tata Steel.
Nifty IT remained flat despite strong overnight cues from Nasdaq tech stocks.
Nifty Bank held steady with minor gains as select private lenders supported the index.
Broader Market View
Mid-cap and small-cap indices traded in line with benchmarks. While investors showed caution, stock-specific activity continued, especially in PSU and infrastructure segments, where value buying was seen.
Expert Market Outlook
Analysts believe the market is consolidating after a strong run-up in the past few weeks.
“We expect short-term volatility to persist as investors eye U.S. Fed commentary and upcoming corporate results. Key support for Nifty lies near 24,100, while resistance is around 24,400,” said a market strategist.
Global Cues
Asian markets remained mixed as traders assessed the latest policy signals from central banks. Crude oil prices were slightly higher, while the U.S. dollar index steadied near 105 levels.
FAQs:
Q1. Why are Sensex and Nifty trading flat today?
A: The markets are witnessing consolidation after a sharp rally, influenced by global uncertainties, crude oil movements, and profit-booking in key sectors.
Q2. Which stocks are the top losers today?
A: Grasim Industries, Hindalco Industries, and Adani Enterprises are among the top losers in today’s trade.
Q3. What’s the market outlook for the week?
A: Analysts expect volatility to continue, with Nifty likely to remain in the 24,100–24,400 range. Investors should focus on quality large-caps and avoid speculative trades.
Q4. Which sectors are showing resilience?
A: Banking, FMCG, and energy sectors are showing relative strength even amid overall market consolidation.
Q5. How can investors manage volatility effectively?
A: Investors should adopt a systematic investment approach, diversify across asset classes, and monitor key macroeconomic indicators.
Published on : 6th November
Published by : RAHAMATH
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