Share Market Today: The Indian stock market had a great start to the week, with both the Sensex and Nifty50 indices experiencing a surge on Monday, October 28, 2024. The Sensex jumped 462.45 points to 79,864.74 in early trading on Monday. The Nifty50 index also gained to reach 24,251.10 levels.
According to NSDL data, foreign investors have pulled out a significant Rs 88,818 crore from Indian equities this month, as of October 25.
In early trading, Sensex stocks like ICICI Bank, NTPC, Infosys, Bajaj Finserv, UltraTech Cement, TCS, Sunpharma etc. were among the gainers. On the other hand, stocks like ITC, Tech Mahindra, Bharti Airtel, JSW Steel, Powergrid were among the losers.
Share Market Today: Stocks In Focus
According to BSE data, here’s a snapshot of major stock performance in early trading.
TCS (Tata Consultancy Services) – Trading in green.
Tata Steel – Trading in green.
Tata Motors – Trading in green.
Reliance Industries (RIL) – Trading in red.
JSW Steel – Trading in red.
HCL Technologies – Trading in green.
Tech Mahindra – Trading in red.
Adani Ports – Trading in red.
ITC – Trading in red.
HDFC Bank – Trading in green.
(Note: This is the data from early trade on BSE, and it might change with time.)
Global Cues
The market was being driven by three main factors last week: escalating geopolitical tensions, uncertainty around the 2024 US presidential election, and continued selling by foreign investors.
This week, the market conditions will revolve around the escalating crisis in the Middle East. Israel’s military carried out targeted attacks on Iranian military sites early Saturday morning. This action was a response to Iran’s October 1 air strike on Israel, in which nearly 200 missiles were launched, significantly escalating tensions between the two nations. Notably, oil prices tumbled by over $3 a barrel on Monday after the tension between the two nations escalated.
ALSO READ: Crude Oil Prices Plunge Amid Iran-Israel Tensions: All You Need To Know
