October 21, 2024, Monday Stock Market LIVE: Indian markets opened strong today, tracking the positive performance from Wall Street last Friday. The BSE Sensex jumped 420 points to 81,650, while the Nifty 50 surged 108 points to 24,950.

Top Gainers: Tech Mahindra was the biggest winner, rising 3.64%. Other major gainers included HDFC Bank, Axis Bank, Asian Paints, and UltraTech Cement.

Top Losers: On the flip side, Kotak Mahindra Bank dropped by 2.91%, with Bharti Airtel, Mahindra & Mahindra, NTPC, and Adani Ports & SEZ also seeing declines.

On the Nifty 50, 32 of the 50 stocks were in positive territory. Tech Mahindra led the charge, up 3.01%, followed by HDFC Bank, Tata Steel, and Hindalco. Meanwhile, Tata Consumer Products was the biggest loser, falling by 4.76%.

Sector Performance: Financial Services and Banking stocks saw the strongest gains, with the Bank Nifty index climbing 0.89%. In contrast, the FMCG sector saw the biggest drop, down 0.64%, followed by the Auto and Oil & Gas sectors. IT, Metals, and Consumer Durables also performed well.

Broader Markets: The Nifty Midcap 100 gained 0.35%, while the Nifty Smallcap 100 rose slightly by 0.08%.

Friday’s Recovery: Indian markets recovered on Friday, with strong buying in bank and financial stocks. The BSE Sensex closed 218 points higher at 81,224, snapping a three-day losing streak. The Nifty 50 also gained, closing at 24,854, up 104 points.

Global Markets: Asian markets were slightly higher, with Japan’s Nikkei 225 up 0.15%, and South Korea’s Kospi rising by 0.68%. In China, the People’s Bank of China cut its loan rates, providing a boost to market sentiment.

Wall Street: Tech stocks powered Wall Street to a higher close on Friday, with strong earnings from Netflix and policy moves by China improving investor sentiment. The Dow Jones, S&P 500, and Nasdaq all posted gains, marking their sixth consecutive week of advances.

Commodities: Oil prices fell, with US crude dropping by 2.05% to $69.22 per barrel, and Brent crude falling by 1.87% to $73.06. Gold prices surged past the $2,700 mark, gaining 1.01% to $2,719.75 an ounce, driven by global uncertainty.

This update highlights the latest movements in the Indian stock market, top gainers and losers, as well as key global financial trends. Keep following for more updates throughout the day.