The Indian stock market is expected to open in the red today, with key indices Sensex and Nifty likely to start the session on a negative note. As of 7:20 AM, GIFT Nifty futures, an early indicator of Nifty’s performance, were down by 37.80 points (0.15%) at 25,011, signaling a cautious start.
Global Market Performance In the U.S., Wall Street ended in positive territory, with the Dow Jones hitting a record high. Both the Nasdaq and S&P 500 also saw gains.
In Asia, markets had a mixed day. Japan’s Nikkei 225 dropped over 150 points, while Hong Kong’s Hang Seng jumped by more than 300 points.
Here’s how key global indices fared:
- Nasdaq: 18,367.08, up 51.49 points (0.28%)
- S&P 500: 5,842.47, up 27.21 points (0.47%)
- Japan’s Nikkei 225: 39,028.34, down 151.91 points (0.39%)
- South Korea’s KOSPI: 2,608.42, down 1.94 points (0.07%)
- Hong Kong’s Hang Seng: 20,609.92, up 323.07 points (1.57%)
- Singapore’s Strait Times: 3,616.56, up 25.94 points (0.72%)
Previous Session Recap (October 16) The Indian stock market closed lower in the last session, with Sensex down by 318.76 points (0.39%) at 81,501.36, and Nifty 50 dropping 86.05 points (0.34%) to close at 24,971.30. Weakness in the IT and auto sectors, with stocks like Infosys, Mahindra & Mahindra, and Hero MotoCorp under pressure, contributed to the decline. However, some stocks performed well, including HDFC Life, Dr. Reddy’s Laboratories, HDFC Bank, Bajaj Auto, and Bharti Airtel.
This update provides a snapshot of market trends, helping investors stay informed about key movements.
