Markets

Share Market Update: Sensex and Nifty Open in the Red; GIFT Nifty Futures Show Slight Gains

Published October 17, 2024

Share Market Today, Global Markets; US Stocks, Asian Shares: The headline indices, Sensex and Nifty, are anticipated to start today’s trading session on a negative note. As of 7:20 AM, GIFT Nifty futures, which serve as an early indication for the 50-share index, were down by 37.80 points or 0.15 percent, standing at 25,011. This drop comes in the lead-up to the opening of Dalal Street.

Global Stock Markets

In the United States, Wall Street ended the previous trading session positively, with the Dow Jones achieving a record high. Both the Nasdaq and S&P 500 also finished higher, reflecting optimism among investors.

Asian Share Markets

Asian markets experienced a mixed performance today. Japan's Nikkei 225 index recorded a decline of over 150 points, while Hong Kong's Hang Seng index registered a substantial gain of over 300 points, showing resilience amid global uncertainties.

Here's a summary of the performance of major global indices:

  • Nasdaq: 18,367.08, up 51.49 points or 0.28 percent
  • S&P 500: 5,842.47, up 27.21 points or 0.47 percent
  • Japan's Nikkei 225: 39,028.34, down 151.91 points or 0.39 percent
  • South Korea's KOSPI: 2,608.42, down 1.94 points or 0.07 percent
  • Hong Kong's Hang Seng: 20,609.92, up 323.07 points or 1.57 percent
  • Singapore's Strait Times: 3,616.56, up 25.94 points or 0.72 percent

Previous Session Summary

In the last session, which was on October 16, the domestic indices faced downward pressure. The Sensex concluded at 81,501.36 points, reflecting a decline of 318.76 points or 0.39 percent. Similarly, Nifty 50 ended at 24,971.30, down 86.05 points or 0.34 percent. This downturn was attributed to swings in the IT and automobile sectors, impacting key stocks like Infosys, Mahindra & Mahindra, and Hero MotoCorp. However, notable gainers included HDFC Life, Dr. Reddy's Laboratories, HDFC Bank, Bajaj Auto, and Bharti Airtel, illustrating a degree of resilience in select sectors.

Top Gainers and Losers

Top Gainers: HDFC Life, Dr. Reddy's Laboratories, HDFC Bank, Bajaj Auto, Bharti Airtel.

Top Losers: Infosys, Mahindra & Mahindra, Hero MotoCorp.

What Should Investors/Traders Track Today?

Here’s a list of stocks that are likely to be in the spotlight for today’s session:

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market, stocks, indices