Stock Market Updates Today : The stock market has broken the 5-day long falling trend today. In today’s trading, good buying is being seen in Sensex and Nifty. Today Nifty has strengthened and has come near 25100. At the same time, a strength of about 250 points is being seen in Sensex. Before this, heavy selling was seen in the market on Friday. Sensex fell by more than 700 points while Nifty also fell by 200 points.
Today on Nifty, Bank, Financial, Auto, Pharma, IT, FMCG and Realty indices are trading in the green. While the metal index is in the red. At present, in today’s trading, Sensex is showing a rise of 262 points and it is trading at the level of 81,950. Whereas Nifty is showing a strength of 69 points and is trading at the level of 25,084. Today’s top gainers include ITC, KOTAKBANK, HCLTECH, M&M, ICICIBANK, BAJFINANCE. While the top losers include TITAN, ADANIPORTS, HDFCBANK, NTPC, SUNPHARMA.
There was a boom in American markets
Strength was seen in the American markets on Friday. On Friday, Dow Jones Industrial gained 341 points and closed at the level of 42352.75. NASDAQ Composite had a gain of 219 points and closed at the level of 18137.85. Whereas the S&P 500 index increased by about 51 points and closed at the level of 5751.07.
shopping in asian markets
Buying is being seen in major Asian markets in today’s business. Today GIFT NIFTY is up by 0.26 percent while Nikkei 225 is showing a rise of 2.14 percent. The Straits Times has gained 0.21 percent while the Hang Seng has gained about 1.06 percent. Taiwan Weighted is showing a rise of 1.24 percent while Shanghai Composite has strengthened by about 1.07 percent.
Crude below $78
Some softening has been seen in Brent crude. In the international market, crude has slipped below $78 per barrel and is trading around $77.80 per barrel. While WTI crude is also trading at $74 per barrel. America’s 10-year bond yield has reached a two-month high, it is close to 4%. While the dollar index has reached a 7-month high of 102.49.
FII and DII data
According to the provisional data available on NSE, on October 4, 2024, Foreign Portfolio Investment (FII) were net sellers and they had sold shares worth Rs 9896.95 crore on Friday. Whereas during this period, domestic institutional investors i.e. DIIs were net buyers and had purchased shares worth Rs 8905.08 crore on October 4.
Stock under F&O ban
Today, on October 7, 2024, the list of banned stocks under F&O on NSE includes GNFC, Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance and RBL Bank.